January 2023 The US housing market began the year in a state of rebalance, with many buyers andsellers remaining cautious while they wait to see where the market is headed. Nationally,pending sales rose 2.5% month-to-month, marking the first increase since May, whilesales of existing homes fell 1.5% as of last measure, according to the NationalAssociation […]

November 2022 Housing affordability continues to be a major roadblock for market participants, withmortgage rates more than double compared to this time last year. Buyers are delayinghome purchases in hopes rates will drop, while many sellers are holding off on listingtheir homes due to weakening buyer demand, unwilling to trade in their current lowerrates for […]

October 2022 Existing home sales declined nationwide for the eighth consecutive month, falling 1.5%as of last measure, according to the National Association of REALTORS® (NAR), withsales down nearly 24% from the same period last year. Pending home sales alsodeclined, dropping 10.9% month-to-month, exceeding economists’ expectations.Stubbornly high inflation and soaring borrowing costs have eroded buyer purchasingpower […]

December 2020 December is normally one of the slowest months of the year but strong buyer demand across most segments of the market, buoyed by near-record low interest rates, continue to drive a healthy sales pace in the face of a new wave of COVID-19 infections and a softening jobs market. New Listings in the […]

September 2020 Strong buyer activity has continued into the fall, which is normally the start of the seasonal slowing of the housing market. With stronger buyer activity in the market this year and the continued constrained supply of homes for sale, speedy sales and multiple offers are likely to remain a common occurrence and will […]