Blog: Housing Market Trends
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Real Estate Rundown February 2024
February 01, 2024
The housing market is showing signs of thawing after a challenging period, with significant drops in mortgage rates. Housing inventory slightly increased from a year ago, but the supply remains tight, impacting market dynamics. The U.S. experienced an 8.0% increase in sales of newly built, single-fami...
Real Estate Rundown January 2024
January 01, 2024
Pending home sales in the United States showed no change compared to the previous month. Meanwhile, U.S. home-price growth continued to slow for the third consecutive month in November, with prices rising by 0.6% from the previous month, the smallest increase since June. Looking ahead to the 2024 hous...
Real Estate Rundown December 2023
December 01, 2023
Positive news in the housing market with interest rates in a downward trend as well as an increase in the number of listings available. Also, a strong amount of Millennials have a positive take on homeownership and the American Dream.
Real Estate Rundown November 2023
November 01, 2023
The U.S. housing market is witnessing a surge in the popularity of newly built homes, constituting a record 30.6% of single-family homes available for sale in the third quarter. Mortgage rates remain close to a 23-year high, and economic growth continues to outperform expectations, although concerns ...
Real Estate Rundown October 2023
October 01, 2023
In the real estate market, financial challenges for buyers amid limited housing inventory are prompting home sellers to reduce prices. Meanwhile, Freddie Mac's latest data reveals that the 30-year fixed-rate mortgage has reached 7.31%, the highest since 2000, due to low housing inventory. In the housi...
Real Estate Rundown September 2023
September 01, 2023
The summer real estate market may be coming to and end, but New home sales are at a 17 month high and there is an increase to the number of pending leads even in the face of higher mortgage rates. While these rates seems to climb, buyers are adapting to this and still entering into the market.
Real Estate Rundown May 2023
May 01, 2023
The real estate market is in constant influx, and currently, one of the key factors affecting the market is the fluctuation of mortgage rates. While rates have recently risen to 6.39%, experts predict that they could drop below 6% in the coming months, potentially reaching a more favorable condition f...
Real Estate Rundown | April 2023
April 01, 2023
The extreme winter weather has impacted the seasonality of the real estate market in the United States, but experts are predicting that this frigid winter will encourage a more active spring market. While mortgage rates have lowered in recent months, they are still over 2% higher than last year, and f...
Real Estate Rundown March 2023
March 01, 2023
Homebuyer burnout is a real issue in the U.S., with many buyers, sellers, and real estate agents feeling the strain of the real estate market. The Fannie Mae Home Purchasing Sentiment Index (HPSI) reflects these sentiments, with only 17% of consumers believing that it is a good time to buy. Mortgage r...
Real Estate Rundown February 2023
February 01, 2023
The National Association of Realtors predicts that mortgage rates may fall even further in the coming weeks, which will result in a busier home sales activity and a stronger housing market. Meanwhile, it has become more affordable to rent than buy in many markets due to declining rent prices and risin...
Real Estate Rundown January 2023
December 30, 2022
Happy New Year! While 2022 may be remembered as a year of housing instability, 2023 will likely become a year of return to normalcy. The NAR (National Association of Realtors) predicts 4.78 million homes to be sold in 2023, down 6.8% from 2022 (5.13 million). Mortgage rates are expected to stabilize a...
Real Estate Rundown December 2022
December 01, 2022
The housing market run down for the final month of 2022 shows some surprising changes. Mortgage rates, which have been on the rise, have finally become stagnant. While this change might not indicate a trend, it greatly improves purchasing power for potential home buyers. Additionally, newly constructe...