Home sales nationwide in January were up 6% from a year ago and are 39% higher than in 2020, according to Zillow’s first monthly market report of 2023. Buyers took advantage of slightly lower mortgage rates in January, but sellers have yet to join the fray. The number of homes for sale is the second-lowest […]
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The typical home buyer’s monthly mortgage payment rose 39%, the largest year-over-year gain on record as the average 30-year-fixed rate hovered at a 12-year high of 5.1%. That’s according to a new report from Redfin, a technology-powered […]
U.S. existing home sales dropped to a more than 12-year low in January, but the pace of decline slowed, raising cautious optimism that the housing market slump could be close to reaching a bottom. Existing […]
High mortgage rates and depleted housing inventory have exacerbated an already existing housing availability crisis. In the first six months of 2023, roughly 14 of every 1,000 U.S. homes changed hands according to a report […]
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