Residential

America’s Housing Market Just Marked a ‘New Record’ Homebuyers Can’t Afford To Ignore

Published by REALTOR.com | November 30, 2023 A new report by Realtor.com® has found that 7.5% more home sellers listed their homes in November than this same month last year. Homebuyers who brave the cold to get out there and shop for homes right now face a strange mix of really good and really bad …

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Mortgage Rates Fall Again: Is a ‘Balanced Housing Market’ Finally on the Horizon?

Published by REALTOR.com | November 17, 2023 This downward trend in mortgage rates is one sign that 2024 might be a happy year for home shoppers. With just about six more weeks to go in 2023, the tough housing market might finish the year with a surprise. Mortgage rates fell for the third week in a …

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How More First-Time Homebuyers Are Successfully Navigating This Challenging Housing Market

Published by REALTOR.com | November 13, 2023 Despite the myriad obstacles in their way, first-time buyers made up about a third of those purchasing homes to live in, according to the National Association of Realtors® More first-time homebuyers have been successfully navigating the extremely pricey and challenging housing market. Despite the myriad obstacles in their …

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Housing Costs Have Just Hit a ‘New Record’: Here’s What That Adds Up to in Dollars and Cents

Published by REALTOR.com | November 2, 2023 With mortgage interest rates hitting record highs not seen in decades and quickly approaching 8%, many might wonder: How much more does it actually cost to buy a house today? According to a new report by Realtor.com®, the monthly cost of financing 80% of a typical home jumped by $166 in …

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2023 Housing Market Projected to Have Fewest Sales Since 2008

Published by FOX Business | October 19, 2023 Economists project 2023 will mark the slowest home sales year since the housing bubble burst in 2008. Redfin estimated there will only be roughly 4.1 million sales of existing homes across the nation by year’s end due to persistently high mortgage rates — now hovering at 7.63% …

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Foreclosures Continue To Surge: Are They a Threat to the Housing Market?

Published by REALTOR.com | October 12, 2023 Is this a repeat of the 2008 housing bust? The number of homeowners hit with foreclosure notices in the third quarter of the year jumped 34% from a year ago to nearly 125,000, according to a recent report from real estate data firm ATTOM. They were up 28% from the previous …

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