Analysis and Data
Says they will benefit from an estimated 5% drop in sale prices.
For all of 2022, sales fell nearly 18% from 2021.
Elevated mortgage rates and home prices will continue to limit housing activity.
Redfin says increases in home searches & tours translate into purchases.
30-year fixed falls to 6.15%, lowest since September 2022.
2022 posts 3% YOY decline, the first overall drop since 2009.
MBA survey finds new home purchase activity — both for applications and estimated sales — ran more than 20% behind last year's pace.
Financial services company expects acquisition by TD Bank to be completed in first half of this year.
RE/MAX report says home sales fell below the previous year in every month of 2022.
While the NAHB/Wells Fargo Housing Market Index remains low, it rose for the first time since December 2021.