Home-selling speed and competition have passed their record-high peaks, meaning the market is starting to feel slightly more welcoming to buyers. But most homes still sell within two weeks and for more than list price. Most signs point to a cooling housing market. Pending home sales posted their smallest year-over-year increase (7%) since late June […]
Home prices are still up 20% from a year ago even as fewer homes sell and the ones that do are sitting on the market longer and selling for less of a premium above list price. Like a slow turning ship, the housing market’s supply side is gradually gaining momentum as homes for sale begin […]
Investors took the housing market by storm in the second quarter—buying up $49 billion worth of homes—as surging property prices and rental demand created opportunities for hefty profits. Multifamily properties remain the most popular among investors, but single-family homes and condos are gaining steam. Relatively affordable metros including Phoenix and Miami, which have jumped in […]
Condos are selling above asking price for the first time in at least nine years, and the typical condo is selling in a record 22 days. The typical condo in the U.S. sold above its asking price in June for just the second time since at least 2012. The first time was in May, signaling […]
Cash is on the rise as affluent Americans benefit from a surging stock market and the flexibility to relocate to more affordable parts of the country. Nearly one-third (30%) of U.S. home purchases this year were paid for with all cash. That’s up from 25.3% during all of 2020 and represents the largest share since […]