Analysis and Data
Redfin reports that nine of the 10 housing markets holding up best are either in the Midwest or on the East Coast.
Foreclosure starts had a 15% jump in activity from July but remain 44% below pre-pandemic levels.
Redfin reports Sun Belt housing markets are among the fastest-cooling in the nation.
If sales keep dropping and inventory keeps growing, we may reach a buyer's market by December.
The 'New Weird': Mortgage rates surge and bidding wars drop as more people choose not to buy a home.
The typical resale price on flipped homes reached another all-time high of $328,000.
Report released Thursday shows the housing market continues to face headwinds.
MBA, however, says the recent stretch of modest affordability improvement likely hit a speedbump this month, as mortgage rates rose above 6%.
Chairman said housing market may have to go through "a correction" to return to balance.
Median existing-home price also rose, the 126th consecutive month of year-over-year increases.