With the economy likely heading into a recession, it’s possible we’ve already seen the peak of this rate cycle. Of course, rates are volatile
The recent softening in house prices may be helping homebuyers swallow higher rates. Despite a rise in rates, demand for mortgages rebounded.
According to The New York Times, single women own and occupy more homes than single men in the United States.
Pending Home Sales fell 4% from October to November, marking the sixth straight monthly decline. Sales were also 37.8% lower.
Mortgage applications to purchase a home increased 1% for the week, but were 30% lower than the same week one year ago.
Home prices declined 0.77% in June, the first monthly decline in nearly 3 years and the largest single-month decline since January 2011.
Consumer demand coupled with low residential inventory creating one of the hottest housing markets in decades last year.
Homebuyers and sellers are eagerly looking ahead to the 2022 housing market. Will the market continue its streak of strong growth?
Over the last several years, millennials have rented to stay nimble and keep work opportunities open. Now, they’re ready to buy.
With the real estate market experiencing surging prices, scant inventories and a backlog of new home construction, many consumers are wondering if what’s gone up must come back down—in other words, are we headed for another housing market crash similar to what happened in 2008?