Condos are holding their value in markets across the US
Since peaking in the spring, condominium prices have fallen 4.4% nationally, while single-family prices fell 8.6%.
December 15, 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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- Mortgage rates inch down for fifth straight weekDespite the Fed's half-point rate increase on Wednesday, the mortgage market continues to see declining rates, dropping to 6.31% today.December 15, 2022
- Homeowners 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.December 13, 2022
- NAR 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.December 13, 2022
- The Real Brokerage appoints presidentSharran Srivatsaa, who has worked in real estate, finance and tech, will take on the newly created position at the fast-growing brokerage.December 12, 2022
- The highs, lows and path forward for fintech company KnockCEO Sean Black shares the journey of his company's near-IPO followed by painful layoffs and strategic changes.December 11, 2022
- As 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.December 8, 2022
- Mortgage 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.December 8, 2022
- Foreclosures 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.December 7, 2022
- Zillow ready to show off ShowingTime+ in 2023Mike Lane, co-founder of ShowingTime, says the unified ShowingTime+ brand is arriving at just the right time for agents.Updated December 9, 2022
- A correction is coming, but the market can handle itBright MLS predicts some ups and downs for 2023, including drops in prices and mortgage rates, and a return to seasonal patterns in the spring.December 7, 2022
- Builders haven't faced mass layoffs — at least not yetResidential construction has fared better than some parts of the real estate industry, with an increase in jobs year-over-year.December 5, 2022
- Can your buyer Airbnb that house? Redfin’s new zoning details provide answersIn an effort to increase data transparency, the brokerage’s search portal now offers land-use and zoning data on 70 million homes.December 5, 2022
- Zillow’s forecast for 2023: It’s all about affordabilityPredictions include a healthy housing market in the Midwest, more friends and family members pooling resources to buy a house, and more first-time landlords.December 2, 2022
- A 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%.December 2, 2022
- Opendoor co-founder steps down, president leavesThe company, which announced significant layoffs last month, replaced former CEO and co-founder Eric Wu with Carrie Wheeler, who joined as CFO in 2020.December 1, 2022
- Mortgage 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.December 1, 2022
- Northeast 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.November 30, 2022
- Buyers 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.November 30, 2022
- 2023 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.November 30, 2022
