Analysis and Data
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.
Both purchase and refi applications spike as mortgage rates fell in second week of 2023.