Housing Market

Weekly Market Update

Housing Market Update: Sellers’ Time on Market Doubles From Spring as Buyers Wait for Prices and/or Rates to Come Down

Home sales continue to decline and mortgage applications are at their lowest level in 25 years.  U.S. housing market activity is continuing to slow down as mortgage rates sit at a 20-year high. Pending home sales and new listings both saw their biggest year-over-year drops since the start of the pandemic, dipping to levels roughly […]

Square Footage Is Now Worth More in the Suburbs Than Cities

As home prices fall fastest in cities and mortgage rates rise, the value of a square foot in the suburbs has caught up with that of urban centers. Price per square foot has declined 6% in urban parts of San Francisco, the biggest dip in the U.S. Overall, it has dropped in nine of the […]
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