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Mortgage market affordability and inventory challenges

Housing Wire

It was no surprise that affordability hit the top of the list in every interview. Black Knight reported that May was the least affordable housing market in 16 years. For the first time in three years, we have seen an increase in homes on the market and price reductions. To view the complete research, click here.

Inventory 397
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The nation’s housing market is on a correction course

Housing Wire

Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experience over the past year, according to the recently released Federal Reserve Beige Book for July. The market is going to go into correction,” he said. “I

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Pending home sales drop, but there’s a silver lining

Housing Wire

Despite the decline, many industry observers see big potential for the housing market in the year ahead. It’s no secret that low mortgage rates and societal shifts brought on by COVID-19 have collided to form a red-hot housing market. But home prices have increased. Presented by: Fannie Mae. million in 2020.

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Insane lumber prices mean new homes cost $24K more

Housing Wire

That drop in builder confidence is in spite of sky-high buyer demand, which hasn’t waned despite rising home prices and climbing mortgage rates – the latter up 30 basis points from February. Policymakers must address building material supply chain issues to help the economy sustain solid growth in 2021.”.

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Raleigh Real Estate Trends + Forecast for 2022

Raleigh Realty

A healthy housing market indicates a healthy national economy. It’s no secret Raleigh is an up-and-coming city, but how’s the local real estate market doing? Raleigh Real Estate Supply Raleigh is currently in a buyer’s market, which means there are more homes for sale than available buyers.

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Rising costs, COVID cases dip builder confidence

Housing Wire

fell to a four-month low in January as builders expressed concerns about higher house prices, COVID-related supply chain issues and construction costs. The gauge charting traffic of prospective buyers decreased five points to 68. How to gain more listing visibility in a shifting housing market.

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Will Springer Realtor - Untitled Article

Will Springer Realtor

Some might argue the cold is emanating from the near-frigid Q4 real estate market, knocking the bloom straight off the housing-market rose in our region. The number of active King County listings, as of Dec. The county saw a 33% drop in new listings and a 15% decline in active homes for sale since October.