10 Best Metros For First Time Home Buyers in 2023
After the pandemic fueled bidding wars, the number of shoppers in the housing market has fallen. And although housing affordability is extremely challenging these days, some markets fare better than others for first time home buyers.
Mortgage Rates Fall Slightly on Evidence of Waning Inflation
Mortgage rates fell slightly this week, as more evidence of waning inflation helped push rates back to their lowest levels in months.
Mortgage Rates Fall Sharply on Cooling Inflation
Mortgage rates fell sharply this week, retreating to their lowest level since September, and appear poised to fall further ahead of next week’s key update on inflation.
Mortgage Rates Flat, Appear Ready to Fall
Mortgage rates fell sharply this week after a blockbuster report on inflation showed that price pressures may finally be easing.
September 2022 Case-Shiller Results & Forecast: Holding Tight
September brought about high interest rates and slowing sales, which continued to slow home price growth annually. On a monthly level, home prices continued to drop. While buyers are stepping aside waiting for more affordable prices and rates – causing the slowdown on price growth – would-be sellers are sticking their ground and holding tight to the inventory they currently own.
Zillow Home Value and Sales Forecast: November 2022
Zillow’s forecast for existing home sales in 2022 was revised down slightly as leading indicators point to continued slowing in the housing market in the near term.
Mortgage Rates Fall As Inflation Reports Easing Pressures
Mortgage rates fell sharply this week after a blockbuster report on inflation showed that price pressures may finally be easing.
Two-year Rent Growth Streak Ends in Small Step Toward Normalcy
Asking rents across the U.S. finally ended a non-stop growth streak in October, falling 0.1% month-over-month and marking the first monthly decline in two years. The small step down is reminiscent of a more “normal” rental market, in line with October declines seen in each of the three autumns before the pandemic. The Zillow Observed Rent Index pegs typical national rent at $2,040 in October, still 9.6% above year-ago levels.
Mortgage Rates Up Slightly Despite Midterms and Job Figures
Mortgage rates were up slightly this week, holding firm near 20-year highs after an eventful seven days filled with key monetary policy, economic and political updates. After rising strongly in response to comments from the Federal Reserve indicating that more rate hikes and policy tightening were likely in the coming months, mortgage rates had a muted reaction to the October jobs figures, which showcased a resilient, but softening labor market.
