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Housing Market

It’s Now The Strongest Buyer’s Market on Record, Driven by the Sun Belt

Sellers outnumbered buyers by 58% in August, the biggest gap in our records, driven by a surge in listings and stagnant demand.  Nashville, Miami and Houston are the strongest buyer’s markets, with more than double the number of sellers as buyers.  There are just 5 seller’s markets in the U.S., led by New York City […]

History Shows That Adjustable-Rate Mortgages Pay Off For Homebuyers Most of the Time

Over the past half-century, homebuyers would have saved money by choosing an ARM about 70% of the time, thanks to later opportunities to refinance into a lower 30-year fixed rate.  Over the last 50-plus years, it has made financial sense for homebuyers to take out an adjustable-rate mortgage (ARM) rather than a 30-year fixed rate […]

These NYC Suburbs Are The Nation’s Strongest Seller’s Markets

Three of the country’s six seller’s markets are New York City suburbs: Long Island, NY; Northern NJ; and Central NJ.  Long Island is the strongest seller’s market in the country, with 36.2% fewer sellers than buyers, followed by Northern NJ (20.7%). Nearby Central NJ (12.9%) is the 5th-strongest seller’s market.  The proximity these suburbs have […]
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