Why home prices haven’t crashed even with high mortgage rates
Not only did home prices not crash this year, they got back to all-time highs and the number of homes taking price cuts is less than 2022. Dec. 09th 2023
2023 was the worst year for homebuyers on record
High mortgage rates, a lack of inventory and elevated home prices have turned 2023 into the least affordable year for homebuyers on record. Dec. 08th 2023
The Fed was wrong about jobs and inflation
The Fed has much to answer for after their massive rate hikes and quantitative tightening policy, which disproportionally affected housing.
Dec. 08th 2023
Amid housing slowdown, new construction grew most in exurban areas in Q3
In the third quarter of 2023, single-family and multifamily home construction grew in outlying areas instead of urban centers. Dec. 05th 2023
FirstHome IQ now has 60 ambassadors boosting financial literacy
FirstHome IQ now has 60 housing professionals in their Ambassador program, who donate a portion of every loan to boost financial literacy. Dec. 04th 2023
Impatient homebuyers are gradually accepting the reality of the housing market: BofA
Fewer prospective homebuyers are willing to wait for a better market to buy a home. Dec. 04th 2023
Pending home sales fall to their lowest level in two decades
Pending home sales in October fell to their lowest level since 2001 as mortgage rates hit 8%. Still, the Northeast posted a monthly gain in transactions. Nov. 30th 2023
Buyers will have more options in 2024, but affordability woes will persist: Bright MLS
Bright MLS released its National Housing Market Outlook on Wednesday, which shows that affordability will remain the biggest challenge for homebuyers next year. Nov. 30th 2023
Nashville breaks into list of top migration destinations for first time since 2021: Redfin
For the first time since 2021, Nashville is again a top migration destination for relocating buyers, according to a new report from Redfin. Nov. 29th 2023
DataDigest: What the latest data says about home prices, construction and sales
Record high home prices continue to inch higher, even as homebuilders offer discounts and build at above pre-pandemic rates, according to a host of data releases in the last week. Nov. 29th 2023
