By Holden Lewis | Jan 31, 2023
Mortgage rates could decline in February as the Federal Reserve writes the next chapters of its inflation-busting campaign.
The 30-year fixed-rate mortgage hit it's January peak in the first week of the year and fell thereafter. It's too early to conclude that the 30-year mortgage has already reached its 2023 zenith, but it's quite possible.
By Emily Peck | Jan 30, 2023
The housing market is showing signs of life after veering into a dead zone late last year.
Why it matters: These green shoots are a good sign for the economy overall, and run counter to some of the dire predictions made last fall when mortgage rates were skyrocketing.
What's happening: Home buyers are making peace with higher mortgage rates, and sellers are making peace with the need to cut prices and make concessions.
By Diana Olick | Jan 25, 2023
Mortgage interest rates fell for the third straight week, while mortgage demand also rose again.
Total application volume increased 7% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index.
By Bailey Schulz | Jan 23, 2023
Anna Raymond was ready to make the switch from renting to owning a home last spring. But after five failed offers, she and her husband decided to take a step back from house hunting.
Then, in December, their real estate agent presented an offer too good to pass. A home in Longmont was up for sale, and the seller was willing to offer a 2-1 interest rate buydown.
By Deirdra Funcheon | Jan 20, 2023
International investment in Miami's real estate market has spiked over the last year after dipping during the pandemic.
Driving the news: Foreign buyers picked up $6.8 billion of South Florida residential real estate between August 2021 and July 2022, according to a new report from the Miami Association of Realtors.
By Bailey Schulz | Jan 19, 2023
A dip in mortgage interest rates is spurring demand from homebuyers, according to a new report from the Mortgage Bankers Association, or MBA.
Mortgage applications last week jumped 28% from the week prior, according to seasonally adjusted data. The MBA’s refinance index also spiked 34% from the previous week.
By Dylan Croll | Jan 18, 2023
The housing market is cooling as consumers grow weary of higher mortgage rates. In December, the number of newly-listed homes sold had fallen about 37% from a year ago, according to Redfin data.
What are real estate professionals seeing on the ground?
By Spencer Lee | Jan 16, 2023
Although a challenging real estate market looks set to persist for much of 2023, a majority of noninstitutional investors view the current market offering opportunity and plan to grow their businesses in the coming year, a new study found.
By Becca Stanek | Jan 13, 2023
Amid peaking prices due to inflation and murmurs of an upcoming recession, you might be wondering: What's up with the housing market for 2023? Mortgage rates started to decline in the final weeks of 2022, and demand for housing is similarly expected to fall in the new year. Price growth is also expected to cool — though by how much remains unclear. Whether you're a hopeful buyer or seller in 2023, or just someone who likes to keep tabs on the housing market, here's a closer look at what to expect this year.
By Zillow® | Jan 12, 2023
Zillow's 10 hottest markets are based on factors such as expected home value growth and buyer demand:
Relatively affordable metro areas dominated Zillow's hottest housing markets list, led by Charlotte, Cleveland and Pittsburgh.
Buyers who can overcome acute affordability challenges will find a friendlier market than in recent, record-setting years.
San Jose, Sacramento and Minneapolis are projected to be the coolest markets.
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