Back in 2018, Freddie Mac stated that the country still needed about 2.5 million extra homes in order to meet demand. Then the pandemic homebuying boom depleted already-low inventory levels and high mortgage rates in the second half of 2022 chained many homeowners to their existing low rates.
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Category: Taylor Marr
Home prices increase as falling mortgage rates attract buyers
More buyers have entered the market in the past four weeks as mortgage rates fell.
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December brings a record increase in housing supply
Homes are lingering on the market longer, up 15% from last year during the four weeks ended Dec. 4, marking the largest uptick in home supply since 2015.
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Redfin report shows record-high new construction inventory
A report from Redfin shows that 29% of single-family homes for sale in the U.S. were new constructions in the third quarter of 2022.
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Declining mortgage rates boost homebuyer demand
Homebuyer demand is rising as mortgage rates continue to decline, according to a new Redfin report.
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Pandemic boomtowns — including Atlanta — hit hardest by inflation
Atlanta, Phoenix Tampa and Miami saw double-digit consumer price index percentage growth year over year.
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Home-price growth slows as early-stage demand levels off
It’s not the only metric decelerating in today’s market. Inflation is also starting to slow which is helping bring down mortgage rates.
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Homebuyer demand stabilizes as mortgage rates dip
Homebuyer demand is starting to stabilize as October home sales posted the largest decline since 2015, according to a new report.
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Housing market hit hard as mortgage rates reach 20-year high, inflation woes grow
Mortgage rates rose to 6.9%, the highest they’ve been since April 2002.
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22% of Atlanta home-purchase agreements fell through in June
About 14.9% of home-purchase agreements nationwide fell through in June, the highest percentage in more than two years.
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