Builders (NAHB) began tracking it on a consistent basis in 2012 as rising mortgage rates, ongoing building material supply chain disruptions, high inflation and elevated home prices pushed the housing market into a recession. And with mortgage rates moving even higher in the fall, affordability conditions are expected to further deteriorate through the end of […]
NAR Finds Share of First-Time Home Buyers Smaller, Older Than Ever Before
Key Highlights Median distance moved, shares of homes purchased in small towns and rural areas all reach record highs At just 26%, the share of first-time buyers was the lowest since NAR began tracking the data. The typical first-time buyer was 36 years old – an all-time high. The median distance between the home that […]
Buyers May Have More Power Than They Realize Right Now—Here’s Why
Doom and gloom might be dominating real estate headlines these days, and many would-be homebuyers are feeling hopeless about their chances of getting a good deal in the wake of mortgage rate hikes, low housing inventory, and elevated home prices. There’s no denying that the cost of buying a house has risen, but if you […]
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