Market Updates

Despite a cooling housing market and declining mortgage applications, home prices remain persistently high due to an unexpectedly low inventory of homes for sale. Many homeowners are choosing to stay put, reluctant to part with low-interest mortgages secured during the pandemic-era rates. This “lock-in effect” has sharply reduced housing supply, which continues to support elevated…

As the Biden administration continues to pursue policies that some view as lenient on illegal immigration, a growing number of Americans express concern about the consequences of an open-border approach. While progressive Democrats advocate for decriminalizing border crossings and limiting deportations, recent polls suggest that a majority of voters, including many moderates and independents, prefer…

Realtor.com has released its annual forecast for the hottest housing markets in the U.S. for 2024, blending projected price growth and sales activity to pinpoint metro areas expected to outperform. Among them, the Midwest and South dominate the list due to their affordability and appeal to younger buyers. Toledo, Ohio, topped the rankings, with average…

The U.S. housing market continues to show resilience even as affordability challenges persist. According to recent data from real estate brokerage Redfin, the number of major metro areas with year-over-year home price declines dropped slightly from 110 in April 2023 to 105 this year. This shift highlights a subtle cooling of the widespread post-pandemic price…