The latest market report from Zillow shows monthly upticks in both home values and new listings for August 2023, despite high mortgage rates. Inventory remains more than 40% below pre-pandemic norms.
Black Knight has released its September 2023 Mortgage Monitor Report, which shows over half (51%) of homebuyers facing monthly P&I payments of $2,000+ and almost a quarter (23%) facing $3,000+ payments and mortgage rates surge to 22-year highs.
Tom Toole shared two variations on a text script he uses with his team to get near-immediate and all-day responses from buyers in today’s market—not in spite of high mortgage rates but because of them.
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.
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.
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.
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.
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.
A new Redfin report shows new builds account for nearly one-third (31.4%) of available inventory—the highest second-quarter share on record.
Learn five common misconceptions Americans have about the home buying process, so you can help educate your clients.
The Fannie Mae Home Purchase Sentiment Index® saw a slight increase in July as consumer sentiment on job security and household income improved or remained high. But 82% of respondents believe it’s a bad time to buy a home—up from 78% in June.
A new Zillow survey reveals the mortgage rate tipping point: at 5%, homeowners are almost twice as likely to sell their homes since roughly 80% are locked into rates of 5% or lower.
For daily real estate news, business and marketing.
