Housing Market

White chalk-line chart on a blackboard showing Days on Market across 2022 months, peaking at 34 days on Oct 16, 2022/Jan-Dec timeline.

Housing Market

Time on Market has Doubled Since Spring

According to a new Redfin report, time on market for homes has doubled since spring as mortgage rates are at a 20-year high and mortgage applications have dropped to a 25-year low.

October 25, 2022

Person holds a white sign that says “LOOKING FOR A HOUSE” against a clear blue sky.

Housing Market

Record Drop in Home Sales and Listings

A new Redfin report shows a record drop in home sales and listings for September 2022 as high mortgage rates and inflation sideline buyers and discourage sellers with lower rates locked down.

October 24, 2022

Construction worker with a yellow hard hat reviewing blueprints inside an unfinished wooden room, overlaid by a red and black downward arrow.

Housing Market

High Rates Drive Homebuilder Sentiment Down Another 8 Points

Homebuilder sentiment dropped another eight points in October to 38, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). \

October 24, 2022

Colorful collage poster featuring a surprised central young man and a bold speech bubble reading 'Dude, Where's my Affordable Housing?'.

Housing Market

Home Values 25% Above Mortgage Affordability Norms

According to a new Zillow analysis, home values need to drop 24.7% drop to reach 2005-2021 mortgage affordability norms.

October 21, 2022

Split image showing a dense city skyline on the left and a suburban neighborhood with brick houses on the right, divided by a vertical gold line.

Housing Market

Urban vs. Suburban Square Footage: Which Is Worth More?

A new Redfin report shows home prices falling fastest in cities as the value of suburban square footage catches up with that of urban centers. Here’s what you need to know.

October 19, 2022

Long road toward the horizon with yellow 'SLOW DOWN' painted on the pavement under a stormy sky.

Housing Market

Home Price Index Shows Deceleration in Price Growth for Q3

The Fannie Mae Home Price Index shows an annual deceleration in home price growth for Q3 2022. Here’s what you need to know.

October 19, 2022

Diverse group of women around a laptop, focused on solving a problem, with a gold question mark rising from the screen.

Agent Strategy

Are You Focusing on the Right Generation?

If you want to increase your price point and work with the generation with a bigger budget, you need to shift your focus to baby boomers.

October 18, 2022

Three colleagues in a bright room chatting and smiling together, a man left, a woman in red in the middle, and a woman with a clipboard on the right.

Housing Market

3 Advantages for First-time Homebuyers in Today’s Market

First-time homebuyers are coming back to the market, according to Zillow’s 2022 Consumer Housing Trends Report. Here’s why.

October 17, 2022

Woman holding her head in distress beside a large 'For Sale' sign outside a house yard.

Housing Market

Housing Sentiment Drops—Again

The results of the latest Fannie Mae survey show a decline in the Home Purchase Sentiment Index to its lowest level since October 2011. Here’s what you need to know.

October 15, 2022