Existing home sales dwindle as record prices squeeze buyers
Total housing inventory was up 6.7% from April and 18.5% from one year ago. At the current sales pace, this represents a 3.7-month supply, an increase from 3.5 months in...
What are the challenges and opportunities in Las Vegas’ mortgage market?
Mortgage applications rose for the second consecutive week as interest rates inched higher following the latest inflation data and Federal Reserve meeting. https://t.co/mvXkBLTTVs
— Mortgage Professional America Magazine (@MPAMagazineUS)...
How serious a problem is housing affordability in the US?
San Francisco, meanwhile, saw prices spike by 31% between February 2020 and April 2022, meaning the subsequent 5.9% drop has provided scant relief for prospective buyers in that market. There...
Prices surge but housing market "stuck in second gear" – report
“The S&P CoreLogic Case Shiller Home Price Index continues to remain strong due to a scarcity of homes for sale,” A&D Mortgage CEO Max Slyusarchuk added. “However, homebuilder confidence is...
Home prices hit new record high, pushing buyers to the edge
“Prices keep rising despite declining sales because there aren’t enough homes on the market,” the report stated, noting that new listings were up about 8% year-over-year but inventory remained lower...
Homebuyers flock to tax-incentived zones as prices soar elsewhere
“Home prices still lag far behind national numbers, but gains and losses mostly keep tracking overall market patterns,” ATTOM chief executive officer Rob Barber said in the report. “The latest...
Home listings hit four-year high
“Most sellers in Las Vegas are willing to negotiate—anywhere from 5% to 10% off their list price,” said local Redfin Premier agent Fernanda Kriese. “Sellers are offering buyers money for...