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Housing Market

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Housing Market

Buyer Competition Drives Up Home Values as Rates Deter Sellers

Zillow released its May 2023 Housing Market Report, showing a 1.4% monthly increase in home prices and a 0.9% annual increase. Buyer competition for available homes is driving up prices as high mortgage rates deter would-be sellers, keeping inventory low.

June 13, 2023

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Housing Market

One-Third of U.S. Homebuyers Paying in Cash

According to a new Redfin report, 33.4% of buyers who purchased a home in April 2023 paid in all cash—up from 30.7% a year ago and just under February’s 33.5%.

June 12, 2023

Collage of six video thumbnails featuring a host with a microphone and bold headlines (e.g., housing gains, all cash everything) with a central, prominent 'HOT SHEET' banner across the middle.

Hot Sheet

State of the Housing Market: Hot Sheet Recap June 5th-9th

This week’s Hot Sheet recap includes updates on home prices, the rental market, the state of the economy, and other breaking news covered by Byron Lazine for the week of June 12th – 19th.

June 10, 2023

City skyline along a river under a thick orange haze (smog/sunset).

Housing Market

NYC’s Air Pollution Sparks Surge in “Sell My House Fast” Searches

There has been a surge in “sell my home fast” searches this week, as air pollution in New York City turned hazardous.

June 9, 2023

Two professionals balance on oversized dollar signs in a residential street, symbolizing wealth and real estate success.

Housing Market

The Housing Inventory Shortage: Broken Down by Income Level

National Association of Realtors® and Realtor.com released a report that analyzes the supply of homes by income level. It found the greatest shortage of housing inventory is for middle-income earners, with a shortage of almost 320,000 homes.

June 9, 2023

Aerial view of a sunny coastal city with high-rise buildings, a marina full of boats, and a long bridge over turquoise water.

Housing Market

10 Cities with the Most (and Least) Amount of Housing Inventory

A new Realtor.com report highlights 10 U.S. cities with the largest annual increases in housing supply and the top 10 with the largest annual decreases.

June 8, 2023

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Housing Market

Mortgage Lending Activity Falls to 20-Year Low in Q1

BAM Key Details:
ATTOM released its U.S. Residential Property Mortgage Origination Report for Q1 2023, showing a 19% quarterly drop in the total number of residential loans—to its lowest point since 2000.
Both refinance and purchase mortgage originations fell nearly 20% from the previous quarter, with refis down 85% year over year.
Home equity lending also fell for the second quarter in a row.

June 7, 2023

Man in a burgundy suit and striped tie, arms outstretched, shouting at someone off‑camera against a stone wall.

Housing Market

Top 12 Regrets of Home Sellers

Discover the top 12 regrets of home sellers, including agent commissions, offering concessions, and the timing of their home’s sale.

June 6, 2023

Person standing on a rocky cliff edge overlooking layered mountains at sunrise, panoramic view in soft pastel colors

Housing Market

Home Price Growth Slows to Lowest Rate on Record

Home price gains slowed to the lowest rate on record according to Realtor.com’s May Housing Report. RDC’s records go back to 2016. Supply growth is still slowing and inventory levels are declining in many U.S. metros as fewer sellers enter the market.

June 6, 2023

Woman in a pink puffer jacket sits in a small boat on a foggy lake, eyes covered with a blue cloth blindfolded by her companions present nearby.

Housing Market

Hidden Costs of Homeownership

According to a new analysis from Zillow and Thumbtack, the hidden costs of homeownership—from property taxes to essential maintenance—add up to an average ofn$14,155 a year, or $1,180 a month.

June 5, 2023

Man with mustache in a light shirt and jeans stands with hands behind his back beside an empty, cracked swimming pool.

Housing Market

Homebuyer’s Remorse: Hidden Realities Shake the Dream of Homeownership

Homeowners discover the reality of homeownership as rising prices and home maintenance leave buyers in regret. A report from Clever Real Estate found that 93% of recent buyers have regrets about their homebuying experience.

June 5, 2023

Housing Market

FHFA House Price Index: Q1 2023 Reveals Record Highs and Regional Trends

The Federal Housing Finance Agency (FHFA) released its House Price Index (HPI®) for Q1 and March of 2023. House prices climbed 4.3% from Q1 2022 to Q1 2023. They also rose 0.5% compared to Q4 2022, while, on a monthly basis, they rose 0.6% from February.

June 2, 2023