Heading into the July 2022 real estate market, the United States continues to face timeless obstacles. As the latest inflation data shows year-over-year growth, the white-hot U.S. real estate market displays signs of stalling. Despite 2021 reflecting a surge in home sales activity, sales of existing homes just achieved their fifth month in a row […]
May 2022 highlighted numerous real estate market challenges facing prospective home buyers. Now, the data directly supports the drop-off in activity. Higher Mortgage Rates Fueling Real Estate Market Challenges When discussing the latest real estate market challenges, higher mortgage rates take the top spot across many lists. Throughout the early days of the COVID-19 pandemic, […]
Throughout 2021, the United States real estate market experienced a massive resurgence, however, total mortgage originations are now plummeting this year. Mortgage Bankers Association Forecasts Plummeting Mortgage Originations With the release of last month’s existing home sales report, sales declined. Analysts point to rising mortgage rates as one of the primary causes, taking a large […]
With the release of last month’s real estate market report, housing inventory fell to a new record-low level. Meanwhile, both existing and new home sales disappointed as prices jumped higher. As the United States first experienced the coronavirus pandemic in 2020, the housing market suffered. One year later, the United States surged through an unprecedented […]
As previously mentioned, 2021 marked one of the best years for real estate in recent memory. After the coronavirus pandemic stifled home sales throughout the country, the real estate market rebounded at a quicker pace than anticipated. However, the real estate market still deals with longstanding housing inventory challenges. In addition, rising home prices and […]