Quotes from the news wire:
Despite the huge shifts in market momentum, home sellers can count on the usual seasonal trends tipping the scales a bit further in their favor while home shoppers should expect a fair amount of competition that should ease as we move later into the year.
Found on CNN 1 year ago
As long as the economy continues to see progress on inflation, that should help keep mortgage rates at the lower end of the 6% to 7% range that we’ve seen over the past few months, however, any surprises in the data will likely lead to some volatility in that range.
Found on CNN 1 year ago
On the one hand, the fact that inflation is still running at more than twice the target level, and core inflation — which includes goods and services, excluding volatile food and energy — saw an uptick to 5.6% in March, highlights that the Fed still has more to do and may need to lift short-term rates again at its early May meeting, on the other hand, overall inflation slowed more notably, and even core inflation on a month-to-month basis eased somewhat, a sign that the Fed’s tightening is having the desired effect.
Found on CNN 1 year ago
With less competition in the market from other shoppers today, some home builders are now offering prospective buyers incentives that may help some new home buyers find success in this challenging market.
Found on CNN 1 year ago
As inflation and mortgage rates likely soften later this year, buyers are likely to return to the market and be in search of an affordable home, and the ongoing housing supply shortage will only continue to put pressure on the market.
Found on CNN 1 year ago
We expect rents will keep hitting new highs, driven by factors including still-low vacancy rates, lagging new construction and demand from would-be first-time buyers.
Found on CNN 1 year ago
The share of homes with price reductions is higher now, but May's share is still lower than every May going back to 2017, it is less competitive than last year, but it is still pretty competitive.
Found on CNN 2 years ago
But home prices are showing a lot of sticking power, price growth is going to slow, but I expect prices to stay high. If home sellers can't get the price they want, they are likely to not put it on the market.
Found on CNN 2 years ago
Seeing the number of homes increase is great news for buyers, it shifts the trend and they are seeing more homes. It should help balance the market, slowing down home price growth and increasing the time on the market.
Found on CNN 2 years ago
The financial conditions facing home shoppers have shifted in a big way.
Found on CNN 2 years ago
With rents surging nationwide, February data indicates that many renters' budgets may be stretched beyond the affordability limit.
Found on CNN 2 years ago
With rents up by nearly 20 % over the past two years, rental prices are likely to remain high, but we do expect some cooling from the recent accelerated pace.
Found on CNN 2 years ago
In light of mounting economic uncertainties and the conflict in Ukraine, some households will prefer to buy, in an effort to lock in a largely fixed monthly payment as a hedge against further inflation, but fast-rising mortgage rates and still-limited numbers of homes for sale could mean some would-be buyers may stick with the flexibility of renting. With rental demand already outmatching supply, rental affordability will remain a challenge.
Found on CNN 2 years ago
In both cases, home sales momentum slowed in the following year due to the impact on affordability, since rising rates mean higher homeownership costs even if home prices are unchanged.
Found on CNN 2 years ago
As the world reacts to developments in Ukraine, the uncertainty will likely mean a pause in the recent pace of [ interest rate ] increases.
Found on CNN 2 years ago
Danielle Hale rental markets are more than making up for lost time.
Found on CNN 2 years ago
Deciding when to transition from renting to first-time buying is largely dependent on stage of life, for young Americans like Gen Z who may have moved home to save money during Covid, renting in a big tech city offers flexibility and relative affordability even as rents recover in these areas.
Found on CNN 2 years ago
Looking ahead, we expect rising incomes to help home shoppers navigate rising housing costs, but buyers will also likely have to make compromises to be successful.
Found on CNN 2 years ago
For those thinking about making the transition from renting to buying their first home, rising rents will remain a motivating factor even as for-sale home prices and mortgage rates continue to climb.
Found on CNN 2 years ago
Those able to work big city jobs while living in secondary metros are still likely to find more affordable rental options than in the biggest tech cities.
Found on CNN 2 years ago
Regardless of where you live, renting is generally more expensive now than in prior years.
Found on CNN 2 years ago
With rents already at a high and expected to keep going up, rental affordability will increasingly challenge many Americans in 2022.
Found on CNN 2 years ago
Although we didn't see this sweet spot last fall as buyers were making up for time lost to lockdowns, there are signs that we'll see it this year.
Found on CNN 3 years ago
Instead of looking for a getaway destination that's a little bit further away, they are looking for something that’s close to home.
Found on FOX News 3 years ago
We took a look at what folks from these metro areas that typically are Snowbird, so where people usually look for homes in Florida, and what we found is that we were seeing a big increase in their interest in ski towns.
Found on FOX News 3 years ago
If buyers are hesitant to go shopping because they want to avoid contact with others, this could dampen home sales directly, as social distancing is practiced by more people for longer periods of time, a slowdown in consumer spending could eventually lead to job loss and lower incomes.
Found on CNN 4 years ago
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