Housing Market
All Reports
May 11, 2023
Fewer homes are selling than usual this spring–but the ones that are changing hands are going fast, with a small pool of buyers circling an even smaller pool of listings. This week’s inflation report, which shows slow but steady progress on easing price gains, confirms it’s likely the Fed will pause on interest-rate hikes next […]
May 5, 2023
Homebuyers and sellers are unlikely to face another large mortgage rate jump after the Federal Reserve indicated it intends to pause interest rate increases following a year of aggressive hikes. Elevated mortgage rates are prompting many homeowners to stay put, resulting in bidding wars as buyers compete for a small pool of homes. But buyers […]
May 2, 2023
Some homebuyers in pandemic boomtowns and expensive coastal markets have lower monthly housing costs than they would have a year ago. That’s because home prices have come down enough to offset rising mortgage rates in many of those places. Nationwide, just 7% of for-sale homes cost less than a year ago. One-quarter of homes for […]
April 28, 2023
New listings are down more than 20% from a year ago as homeowners hang onto low mortgage rates. That’s causing buyers to snap up homes quickly and keeping prices from falling further; prices are down by roughly 3% annually, similar to the declines we’ve seen over the last month. New listings of homes for sale […]
April 21, 2023
The share is more than twice that high in Phoenix and Las Vegas, both pandemic boomtowns. Investors are selling at a loss as elevated mortgage rates curtail homebuyer demand. Roughly one of every seven (13.5%) U.S. homes sold by an investor in March sold for less than the investor bought it for. That’s comparable with […]
