Housing Market News
Housing Market Update: Share of Homes with Price Drops Reaches New High as Mortgage Rates Top 2008 Levels
Rising mortgage rates and the Fed’s actions to combat inflation are likely to further stretch homebuyer budgets and encourage more homeowners to stay put.
Housing Market Update: For-Sale Listings Accumulate, Post Smallest Annual Decline Since January 2020
Inventory climbs as buyers back off. More sellers are dropping their price in response. The share of listings with a price reduction is approaching a record high.
Housing Market Update: Homebuyers Regain Some Control as Supply Grows and Demand Pulls Back
More than one in five home sellers dropped their price while several measures of homebuyer demand posted largest declines since spring 2020
Housing Market Update: Nearly 1 in 5 Sellers is Dropping Their Price, the Highest Rate Since October 2019
Measures of homebuying competition are plateauing as early-stage demand posts its biggest annual decline since April 2020.
Housing Market Update: Sellers Rush to Find Buyers Before Demand Weakens Further
New listings climbed sharply and the share of listings with price drops reached a 2.5-year high as early-stage homebuyer demand declined.
Housing Market Update: Shrinking Pool of Buyers Snatch Up Homes at Record Pace
Demand for homes is falling, but homes are still selling fast as the buyers who remain rush to beat rapidly rising mortgage rates.