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Homebuyers drawn to cheaper areas in Midwest and South

Housing Wire

Homebuyer contract signings in the U.S. This is a strong purchase market and the uptick in inventory is bringing back some buyers who pulled back during peak frenzy.”. The homebuyer trend is illustrated in Realtor.com’s latest report on the hottest housing markets in the U.S. lower than the same time last year.

Contracts 382
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Rising home prices take a toll on pending home sales

Housing Wire

in October – the second consecutive month the index has fallen as affordability strains the market, a recent report from the National Association of Realtors said. However, borrowers are still maintaining a strong pace, as contract signings are up 20.2% pending home sales fell 1.1% compared to a year ago.

Realtors 532
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Pending home sales continue to slip as 2021 approaches

Housing Wire

Year-over-year, contract signings increased by 16.4%. from its former high in July 2006, and was up 8.4% Although month-over-month contract activity fell in all four major regions, there were still gains in pending home sales transactions. pending home sales slid for the third consecutive month in November, dropping 2.6%

Contracts 532
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Housing inventory falls under 1M again as sales collapse

Housing Wire

housing market , we just experienced an event that most people never thought could happen. The one period where this didn’t happen was from 2006-2011, when credit forced Americans to sell, to rent or to be homeless. The days on market were too low. So the fact that we are back to an average of 26 days on market makes me happier.

Inventory 540
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US home prices hit record level (again)

Housing Wire

below its 2006 peak. Additionally, there are move-up buyers with larger budgets who are relocating to more affordable areas where they’re financially able to outbid local residents. The tight market conditions that have fueled the skyrocketing prices are finally showing signs of loosening.

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U.S. Housing Market Collapse? Nowhere in Sight

Empire Appraisal Group

Housing Market Collapse? Housing Market Collapse? The housing market has taken a few hits, such as a doubling of mortgage rates in 2022, but it remains solid even if legitimate news providers suggest doom and gloom. housing market is suffering some cracks, but an outright collapse is nowhere in sight. Nowhere in Sight.

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Massachusetts 2023 Year in Review

Lamacchia Realty

It kept inventory down, which propped up prices, but sales are down nearly 22%, and buyers are hungry. 2022 was down in sales from 2021 just like this past year , and at that time , many were concerned that it was a sign the market was about to crash, something Anthony has repeatedly dispro ved. Sales Decline by 21.7%