Record-high home prices, declining consumer confidence and fears of recession are taking their toll on aspiring homeowners.
Source: Realtor.org
July 2022 - NWMAR
A housing slowdown precipitated by low inventory and rising mortgage rates will open opportunities for some buyers, NAR Chief Economist Lawrence Yun predicts.
Source: Realtor.org
The interest rate on the 30-year fixed mortgage fell this week, offering relief to home buyers who are reeling from escalating costs.
Source: Realtor.org
Passage by the House sets the stage for a Senate vote on NAR efforts to bring more real estate transactions into the digital age.
Source: Realtor.org
The market has mostly priced in current and future Fed actions, so mortgage rates shouldn’t rise dramatically, says NAR Chief Economist Lawrence Yun.
Source: Realtor.org
A report highlights housing supply issues and how a multifaceted approach could be key to improving housing equity as well.
Source: Realtor.org
Housing affordability is becoming a bigger obstacle in the housing market. Homes were 80% more expensive in June than they were in 2019. Read more.
Source: Realtor.org
The inventory crunch will continue to chip away at affordability and sideline more buyers unless Congress enacts policies to boost housing production, NAR’s chief economist testifies on Capitol Hill.
Source: Realtor.org
The Federal Reserve is expected to raise its key benchmark rate this coming week. What impact could it have on mortgage rates?
Source: Realtor.org
