By the NumbersHomeowners who want to move feel 'stuck'A recent survey by Point found that 90% of homeowners who'd like to move in 2023 think it would be too costly.Dave GallagherDecember 13, 2022
By the NumbersNAR 2023 forecast: Expect a soft landing nationally, with some turbulenceNAR's Lawrence Yun and a panel of four other economists agreed that a crash was unlikely, but discussed both new and chronic issues affecting the market.Dave GallagherDecember 13, 2022
By the NumbersAs inventory builds, will buyers return to the market in early 2023?The number of homes for sale jumped a record 15% year-over-year, but mortgage rates will dictate affordability and buyer interest.Dave GallagherDecember 8, 2022
By the NumbersMortgage rates continue to soften, but buyers aren’t respondingThe average rate for a 30-year mortgage was 6.33% this week. It’s now the fourth consecutive week of rate drops.Dave GallagherDecember 8, 2022
By the NumbersForeclosures on the rise, but remain in checkATTOM's monthly Foreclosure Market Report found filings were up 57% year-over-years still but well below pre-pandemic levels.Dave GallagherDecember 7, 2022
By the NumbersGreat deals in the Great Plains: Kansas is tops for first-time buyersWichita was No. 1 among the 10 best metros for first-time buyers, offering a mix of affordable homes, good inventory and a higher share of price cuts.Cheryl Reid-SimonsDecember 7, 2022
By the NumbersA year of declines: Redfin sees prices, sales and mortgage rates falling in 2023Redfin economists offer up 12 predictions for the year ahead and foresee a challenging real estate market for agents and brokers. Linda F. HerseyDecember 6, 2022
By the NumbersA record number of sellers took their homes off the market this fallRedfin reports that 2% of U.S. homes were delisted each week during the past three months. In recent years the peak was around 1.6%.Dave GallagherDecember 2, 2022
By the NumbersMortgage interest rates continue downward trendThe mortgage rate averaged 6.49% this week, according to Freddie Mac. That’s down from over 7% just a few weeks ago.Dave GallagherDecember 1, 2022
By the NumbersNortheast and California counties top list of ‘most vulnerable’ marketsA new ATTOM report looked at affordability, foreclosures and other factors to determine the most and least vulnerable housing markets among nearly 600 counties.Dave GallagherNovember 30, 2022
By the NumbersPending home sales fall for the fifth straight monthOffers to buy homes dropped again in October, and were off 37% year-over-year, as higher interest rates and inflation slowed down real estate activity.Linda F. HerseyNovember 30, 2022
By the NumbersBuyers are gaining ground in markets across the U.S.Knock’s Buyer-Seller Market Index finds that more metros are becoming buyers markets, and the trend is expected to continue.Dave GallagherNovember 30, 2022
By the Numbers2023 could be a year of paradoxes, with slow sales but rising pricesRealtor.com economists predict an unusual year ahead, with higher interest rates and more inventory, but not the drop in prices that would typically follow.Dave GallagherNovember 30, 2022
By the NumbersBuyers are getting less home for their moneyBuyers in the 100 largest cities have lost up to 1,140 square feet of living space due to higher prices and interest rates.Linda F. HerseyUpdated December 1, 2022
By the NumbersTwo housing reports confirm a softening marketEconomic data from the Federal Housing Finance Agency and the Case-Shiller housing index show a continued slowdown in home value increases.Linda F. HerseyUpdated January 4, 2023
By the NumbersMortgage applications trend higher in mid-NovemberThe number of home loan applications rose for two straight weeks this month, coinciding with falling interest rates.Linda F. HerseyNovember 28, 2022
By the NumbersOverall housing inventory declining, but that won’t lastWhile inventory is trending down ahead of the holidays, the pace is slower compared to recent years.Dave GallagherNovember 23, 2022
By the NumbersInterest rates tick downward but are still volatileIt's too soon to call it a trend, but the slight downtick in mortgage rates may give hope to potential buyers.Dave GallagherNovember 23, 2022
By the NumbersLooking for high-value homes? Find the nearest Trader Joe's A study released by ATTOM found differences in values and appreciation based on a home's proximity to specialty grocery stores.Dave GallagherNovember 22, 2022
By the NumbersNewly constructed homes are getting smallerWith rising interest rates cutting into the amount of square footage buyers can afford, new home sizes have been trending down. Dave GallagherNovember 21, 2022