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Housing Market

Pacaso Reveals Top 15 U.S. Second Home Markets for 2023

Pacaso just released its list of the top 15 U.S. second home markets for 2023, based on Optimal Blue second home transaction data from January 1st to May 3rd. Eight of those top 15 are located in Florida.

May 19, 2023

Statue covering its face on a dark blue background with the headline 'Consumer Sentiment Lowest It’s Ever Been' and the word 'GALLUP'.

Housing Market

Consumer Sentiment Is The Lowest It’s Ever Been. Here’s How Agents Can Turn the Tide

A new Gallup report shows 21% of adult consumers in the U.S. think it’s a good time to buy a house—an all-time low for Gallup’s trend. However, 56% of Americans still expect home prices to go up.

May 18, 2023

Split image showing 'Perceptions' left with a lone man in a blue pool, and 'Reality' right with a crowded hot spring scene labeled Reality.

Housing Market

Consumers’ Housing Market Perceptions vs. Reality

The results of a new Opendoor survey reveal an inconsistency in market expectations, along with shared concerns and areas where buyers and sellers can meet in the middle.

May 16, 2023

Housing Market

Rental Market Shift: Asking Rents in the U.S. Flatten

According to a new Redfin report, asking rents across the U.S. are flattening as rental supply catches up with renter demand and vacancies rise. Continued rent increases in the Midwest and Northeast offset significant drops in Sun Belt metros.

May 16, 2023

Hot Sheet

Home Price Predictions (with and without a U.S. default on debt): Hot Sheet Recap

The Hot Sheet recap for May 8th – 12th covers what will happen to home prices, with predictions with and without a U.S. default on debt. Plus, the FHFA rescinds its DTI LLPA fee and a dip in spring housing inventory.

May 13, 2023

People stand in a line on the driveway of a beige two‑story house, attending an open house with a Zillow watermark across the image (masking visible).

Housing Market

Zillow’s April Report Shows a Strong Seller’s Market with Rising Demand and Low Inventory

Zillow’s April 2023 Housing Market Report shows a market strongly in favor of sellers as rising demand meets low inventory.

May 12, 2023

Housing Market

Home Price Sentiment Increased to Its Highest Point Since May 2022

The Fannie Mae Home Purchase Sentiment Index® (HPSI) continued its recent upward trend in April, climbing 5.5 points to 66.8—the highest since May 2022.

May 12, 2023

Signpost with green RENT and BUY arrows pointing in opposite directions in front of a city skyline and bridge over water, implying rent vs buy choice.

Housing Market

Top 18 Cities Where It’s Better to Buy vs. Rent a Home (and Vice Versa)

New research from Home Bay on renting vs. buying shows that renting a home is cheaper than buying one in 45 of the 50 most populous U.S. metros. In 22 of those metros, rent prices are within 20% of monthly mortgage payments.

May 11, 2023

Aerial cityscape with river and bridges overlaid by translucent dollar bills and a glowing card shape, symbolizing finance and investment

Housing Market

Home Price Gains Continue in Majority of U.S. Metros

The latest quarterly report from the National Association of REALTORS® (NAR) shows nearly seven out of 10 (152 of 221) U.S. metros saw home price gains in Q1 2023 as 30-year fixed mortgage rates hovered between 6.1% and 6.7%.

May 11, 2023

Infographic: a yellow pie chart showing 72% with a Pac-Man shaped wedge; legend indicates yellow = looks like Pac-Man, gray = does not.

Housing Market

72% of Renters Believe Homeownership Will Never Happen

According to a recent report by Home Bay, 72% of renters believe that homeownership will never happen for them. The survey shows growing pessimism toward the housing market.

May 9, 2023

Two professionals in business attire pose in front of the U.S. Capitol with a city street behind them.

Housing Market

Top Economists Dish on the Debt Ceiling, Politics, and the High Cost of Homeownership

NAR has released highlights from the REALTORS® Legislative Meetings, with quotes from Doug Holtz-Eakin and Dana Peterson discussing the debt limit, the long-term cost of social programs, and the impact of institutional investors.

May 9, 2023

Housing Market

How a Lack of Sellers is Shaping the 2023 Spring Housing Market

Realtor.com has released its Monthly Housing Trends Report for April 2023, revealing how a lack of sellers is impacting the spring housing market as buyers have a harder time finding homes and affording them with higher rates and home prices.

May 8, 2023