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.
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.
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.
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%.
The Hot Sheet recap for May 1st – 5th covers what the Fed’s rate hike means for the housing market, the current seller’s market, CoreLogic’s Home Price Insights, and Steve Harney’s take on home prices.
The Hot Sheet recap for April 24th – 28th covers the latest numbers in today’s complicated housing market, including pending home sales, housing inventory, and home price reports. Plus, more misleading headlines regarding the new mortgage rule.
In the race to homeownership, Gen Z gained a slight edge over their parents’ generation. A new Redfin report shows 30% of Gen Z reached homeownership by age 25 in 2022, compared to 27% of Gen X, 28% of millennials, and 32% of baby boomers at that age.
Four different housing market updates—from Fannie Mae, Redfin, NAR and Zillow—highlight home price changes and challenges for entry-level home shoppers. At first glance, opposing headlines could be confusing for consumers.
A new Redfin report shows that home prices fell 3.3% in March, marking the biggest annual drop in over a decade nationwide. But home prices vary greatly based on the local market.
New home price forecast updates from NAR, CREA, CoreLogic and Zillow indicate an increase in home values across the U.S. and a decline in home values in Canada.
The Hot Sheet recap for April 10th – 17th covers home value data from CoreLogic and Zillow, as well as property tax increases across the U.S., cooling inflation amid high housing costs, and first-time homebuyer optimism.
Byron Lazine, Tom Toole, and Lisa Chinatti discuss mortgage rates, the jobs report, the inventory bottom, home prices on the rise, and an Inman writer’s response to Byron’s and Lisa’s comments on her article, “I’m an agent. You can’t tell me what to wear on the job.”
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