According to Archana Pradhan of CoreLogic, millennials comprised 54% of home purchase applications last year, the largest cohort. That said, for the first time, the youngest cohort, Gen Z, comprised…
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Luxury home sale volume at record lows
According to a new Redfin report released last week, sales of luxury homes dropped 38.1% year over year (YOY) in November. This is the biggest decline on record since Redfin…
Top real estate markets for 2023
Market predictions and spotlights are leading the headlines as we look to close off 2022 and see what the new year has in store for real estate investors. What markets…
Rate increases set to slow in 2023, and decline in 2024 say experts
As widely expected, the Federal Reserve raised rates last week by 50 bps, putting the federal funds rate at a range of 4.25% to 4.5%. This was seen as a…
As we close off 2022, home sentiment improves
Fannie Mae reported last week on its Home Purchase Sentiment Index (HPSI), which saw its first increase in 9 months. That said, the improvement was modest at 0.6 points, and…
2023 housing market predictions
It’s that time of year again, as the year winds down and we begin to hear about what is to come for housing in 2023. Let’s take a look at…
Where are the healthy real estate markets?
According to Hannah Jones of Realtor.com, the median new home sale price hit $493,000 in October, a year-over-year jump of 15.3%. Further, new home sales rose 7.5% month over month…
50% of homeowners have no plans to sell in next 20 years
Following years of lockdowns, supply chain stress, and high labor and material costs, homebuilders are finally getting some reprieve. According to David Logan of the National Association of Home Builders…
Inflation is finally coming down
According to the U.S. Bureau of Labor and Statistics (BLS), the Consumer Price Index (CPI) jumped 0.4% in October and 7.7% year over year. This is a deceleration from 8.2%…
