Buyers taking out fewer mortgages, looking for cheaper homes
In the face of high interest rates and high home prices, the number of residential mortgages issued has dropped nearly 47% over the past year.
November 16, 2022
Dave Gallagher
Director, News Reporting
Dave's journalism career spans 24 years covering business, the economy and real estate in Northwest Washington. He's also a numbers nerd, examining data to spot emerging trends in industries. Having started his career as a sports writer, he's a lifelong baseball and soccer fan and recently discovered pickleball. He grew up in Yosemite National Park and earned his journalism degree at Humboldt State University in northern California.
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- Former KW CEO sues brokerage, Gary Keller for $300 millionJohn Davis, who resigned from Keller Williams in 2019, said the company and its founder have tried to ruin his reputation.Updated September 29, 2023
- Listings and prices decline, but there's no freefallThe latest housing market indicators continue to trend slightly against sellers, but buyers are even more hesitant to enter the market.November 14, 2022
- Here’s where housing inventory might be headed in 2023After years of low inventory, Mike Simonsen of Altos Research expects housing inventory to approach more normal levels by the end of summer 2023.November 12, 2022
- Real estate slowdown an opportunity for military familiesAffordability challenges are real, but military families can leverage benefits like VA loans to reduce or eliminate their down payment.November 11, 2022
- Are buyers and sellers adapting to the new normal?While some consumers are adjusting to the realities of the current market, others are holding onto the past — or hoping for an unlikely future.November 9, 2022
- Redfin reports net loss of $90.2 million after layoffs, iBuyer shutdownRedfin announced significant losses and a new round of layoffs in anticipation of a continuing slowdown "at least through 2023."November 9, 2022
- Share of new construction homes hits a record high in Q3Buyers and sellers of existing homes are sitting on the sidelines while builders try to unload their inventory of newly completed homes.November 8, 2022
- When it comes to equity, many homeowners are ‘rich’Buyers and sellers might be struggling to navigate the market, but homeowners are well-positioned to ride out the downturn.November 4, 2022
- Realty ONE continues ‘disciplined and strategic’ growthA shifting housing market hasn't deterred the company's growth plans, which include international expansion and seeking out "best fit" franchise partners.November 4, 2022
- With slower sales and fewer listings, KW looks to training and coachingKeller Williams' sales volume through the third quarter dropped 3% compared to the same period last year.November 3, 2022
- Inventory hits a two-year high — but that doesn’t mean buyers are bitingThe inventory numbers should be good news for buyers, but affordability, combined with seller hesitancy, means the market is not yet buyer-friendly.November 3, 2022
- Zillow President Susan Daimler: ‘This is the time to be creative, to invest’After a turbulent year marked by significant layoffs, Zillow is looking to “double down on the things that we believe in” and simplify the real estate journey.November 3, 2022
- T3 Tech Summit: How technology can simplify real estate transactionsSpeakers and vendors at the inaugural event focused on tech solutions that add value for real estate professionals.November 2, 2022
- With extreme weather on the minds of buyers, where are the climate havens?As natural disasters become more costly and more frequent, climate risk is likely to have an increasing impact on homebuying decisions.Updated November 2, 2022
- Will homebuying pick up in the spring?The return of typical seasonal buying patterns could signal a stabilizing market.October 28, 2022
- When it comes to price per square foot, suburbs are movin’ on upFor the first time in 25 years, square footage is priciest in suburban areas.October 27, 2022
- Freddie Mac: Mortgage interest rate hits 20-year highThe average 30-year rate crossed the 7% threshold this week, the highest rate since April 2002.October 27, 2022
- Where are the affordable homes? Scranton tops the listZillow looked at home values and median household incomes to come up with the 10 most affordable markets in the country.October 26, 2022
- Zillow announces another round of layoffsThe most recent Zillow layoffs come just ahead of the company's Q3 earnings release.October 26, 2022
