Housing Market

Close-up of a loan application form with the bold title 'LOAN APPLICATION' and a pen resting on it, ready to fill in details.

Housing Market

Residential Home Loans Increase by 21% in Q2

Residential home loans increased to 1.56 million in Q2 2023, down 38% from a year ago but up 21% from the previous quarter, marking the first such increase in two years, according to ATTOM’s Q2 2023 U.S. Residential Property Mortgage Origination Report.

September 1, 2023

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Housing Market

Real Estate Investors Bought 45% Fewer Homes than Last Year

A new Redfin report for Q2 2023 shows investor home purchases falling 45% year over year—the biggest annual drop since 2008 with the exception of Q1 2023.

August 31, 2023

City skyline at dusk with illuminated skyscrapers, a lit bridge, and reflections on a calm river.

Housing Market

2023’s Hottest Zip Codes in America

Realtor.com® has identified the ten Hottest ZIP Codes of 2023. And while housing affordability (or the lack thereof) is still a major issue driving buyer activity, this year’s list shows it’s not the only one.

August 30, 2023

Housing Market

Zillow Home Loans Now Offering 1% Down Payment Option

Zillow Home Loans is now offering a 1% down payment program, meaning eligible buyers could become homeowners a year (or more) sooner than otherwise. Zillow is currently offering the program to Arizona buyers, with plans to expand.

August 28, 2023

Housing Market

Fannie Mae Remains Optimistic Amid Rising Interest Rates

Fannie Mae’s ESR Group published its August 2023 commentary on recent economic data and its likely impact on the housing market. Data points to an eventual downturn, which they now expect in the first half of 2024, though a soft landing is possible.

August 25, 2023

Aerial view of a sunny coastal city with a ferris wheel, high‑rise hotels, and a long beachside pier along the water.

Housing Market

Is Myrtle Beach the New Hotspot?

Over a quarter (25.8%) of homebuyers using Redfin.com are looking to relocate to different parts of the country—up from 23.7% one year ago and the highest share on record, according to a new report from Redfin.

August 25, 2023

Housing Market

Half of Those Purchasing Homes in 2023 are First-Time Home Buyers

Zillow has released its 2023 Consumer Housing Trends Report showing that 50% of those purchasing homes in 2023 are first-time home buyers. That’s the highest share recorded by Zillow and up from 45% in 2022 and 37% in 2021.

August 24, 2023

Housing Market

Will Mortgage Rates Hit 8%? Here’s How Agents Can Prepare

BAM looks at what could happen to the housing market with 8% mortgage rates, how to answer related questions from buyers, and the best way to prepare your real estate business and maximize transactions in 2023.

August 23, 2023

Housing Market

Rents Drop for Three Straight Months as Rental Supply Increases

The July 2023 Rental Report from Realtor.com shows rent prices dropping year over year for the third straight month as rental supply increases. July also marks the first annual rent price decline for studio units since 2020.

August 22, 2023