Market Trends
Mortgage Rates May Breach 8%, But Don’t Expect a Major Market Shift
More potential buyers will be priced out and the inventory deficit may deepen the higher mortgage rates rise.
Metric Spotlight: More Price Cuts, Fewer Bidding Wars as Seasonal Cooldown Settles In
Buyers in New Orleans, Florida and Texas are seeing the fewest bidding wars
Fall Housing Market Outlook: Cooling Quickly
The seasonal cooldown for the housing market is shaping up to be extra chilly this fall, swinging negotiating power toward buyers.
August 2023 New Home Sales: New Sales Still Strong Compared to a Year Ago
New home sales slipped from last month, but are still elevated from a year ago.
August Existing Home Sales: Home Sale Slide Continues
Existing home sales dropped again in August leading to a full two years of continuous yearly declines in sales.
Mortgage rates increased this week as investors come to grips with the possibility of the path to two percent core inflation potentially taking longer than previously expected.
