Purchase loan applications fell 29 percent from the same period last year, the result of rising rates that are double their levels from 2021, according to the Mortgage Bankers Association’s weekly index. Continue reading
The slowing housing market has yet to significantly reduce costs for most Americans. But economists believe more rate hikes may be on the way. Continue reading
A new study suggests that buyers who viewed homes in high-risk flood areas ended up turning to higher ground with their eventual offers when presented with the brokerage’s flooding data. Continue reading
More than half of the homes built since the start of 2020 are at an elevated risk of wildfire. Redfin’s research team takes a look. Continue reading
Foreclosure notices have been on the rise in the past year, but actual bank repossessions remain scarce. That may be starting to change. Continue reading
Homebuilders are reporting shorter construction timelines and fewer supply-chain issues as they deal with a drop in demand for new houses, according to a survey of homebuilders by John Burns Real Estate Consulting. Continue reading
Gains in household real estate equity have far outpaced growth in U.S. mortgage debt, according to new numbers from the Federal Reserve board. Continue reading
A rebalancing market can be painful for agents. But it also presents opportunities for them to show off their marketing prowess, C-suite executives said last month at Luxury Connect. Continue reading
House purchases are expected to plummet further in the closing months of the year, and the recovery may not pick up speed until 2024, according to a new forecast from the investment bank. Continue reading
The seasonal summer boom in the housing market has gone head-to-head with dramatically cooling market conditions. The latest data reflects the market appears to be “losing steam.” Continue reading