Analysis and Data
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.
U.S. private mortgage insurance (PMI) hit record profitability in the second quarter of 2022.
Fannie Mae's ESR Group predicts housing will cool further as mortgage rates spike.