In its continued effort to curb inflation, the Federal Reserve raised its benchmark
interest rate in February by a quarter-percentage point to 4.50% - 4.75%, its 8th
rate hike since March of last year, when the interest rate was nearly zero. Mortgage
interest rates have dipped slightly …
The US housing market began the year in a state of rebalance, with many buyers
and sellers remaining cautious while they wait to see where the market is headed.
Nationally, pending sales rose 2.5% month-to-month, marking the first increase
since May, while sales of existing homes fell …
2022 was a turbulent year for the US housing market, as inflation, soaring interest
rates, and elevated sales prices combined to cause a slowdown nationwide.
Affordability challenges continue to limit market activity, with pending home sales
and existing-home sales down month-over-month and falling 37.8% and 35.4% year-over-
…
Housing affordability continues to be a major roadblock for market participants, with
mortgage rates more than double compared to this time last year. Buyers are
delaying home purchases in hopes rates will drop, while many sellers are holding off
on listing their homes due to weakening buyer …
Existing home sales declined nationwide for the eighth consecutive month, falling
1.5% as of last measure, according to the National Association of REALTORS®
(NAR), with sales down nearly 24% from the same period last year. Pending home
sales also declined, dropping 10.9% month-to-month, exceeding economists’
expectations. Stubbornly …
The U.S. real estate market continues to slow as we move into fall, as rising
consumer prices and higher mortgage interest rates squeeze homebuyer budgets
and cool activity. With inflation showing little sign of abating, the Federal Reserve
implemented another 75-basis-point hike in September, marking the third …
Summer 2022 has been a season of change for the U.S. real estate market. With
housing affordability at a 33-year low, existing-home sales have continued to soften
nationwide, falling 5.9% month-to-month and 20.9% year-over-year as of last
measure, according to the National Association of REALTORS® (NAR). Pending
…
The U.S. housing market has continued to cool, as rising mortgage rates and record-high
sales prices have stifled affordability, weakening demand and pricing out a
multitude of buyers. Nationally, median household income has failed to keep pace
with increasing mortgage payments, with the costs of buying a …
Rising inflation, soaring home prices, and increased mortgage interest rates have
combined to cause a slowdown in the U.S. housing market. To help quell inflation,
which reached 8.6% as of last measure in May, the Federal Reserve raised interest
rates by three quarters of a percentage point …
After two years of record-setting activity, there are signs the housing market might
be cooling. High home prices and a surge in mortgage interest rates are slowing
buyer activity, with home sales declining for the third consecutive month under the
weight of soaring homeownership costs. The National …
