Analysis and Data

Inflation & High Housing Expenses Affect Even The Wealthiest Americans

36% of U.S. employees earning $100,000 or more per year are living paycheck to paycheck.

Analysis and Data
RE/MAX: Closings In May Down Year-Over-Year as Inventory Grows

Closings in May 2022 were 8.5% lower than May 2021.

Analysis and Data
Bidding Wars For Homes Fall To 15-Month Low

Surging mortgage rates and home prices cited for fourth straight monthly decline in competition among buyers.

Analysis and Data
MBA: Mortgage Applications For New Home Purchases Fell 5% in May

Despite the decline, MBA raised its estimate for the annual rate of single-family home sales for the year, for the first time in 5 months.

Analysis and Data
Redfin: Mortgage Rates Top 2008 Levels As Sellers Lower Their Prices

Redfin says the pool of homebuyers is dwindling as mortgage rates reach a record high.

Analysis and Data
Economists: The Fed’s Rate Hike Could Spark A Recession 

There’s even talk of stagflation hitting the U.S. economy

Analysis and Data
May Saw Fewest Housing Starts Since April 2021

Economist: Decline in housing starts mirrors decline in builder confidence.

Analysis and Data
Home Price Reductions Up 69% Nationwide

For homebuyers who are still actively searching for a home, lower competition and more seller activity will provide some relief. 

Analysis and Data
Redfin: Investors Gravitate To Low-Priced Homes As Interest Rates Peak

Spiking borrowing costs and home prices prompted real estate investors to lose steam, especially for high- and mid-priced homes.

Analysis and Data
MBA: Mortgage Applications Rose 6.6% Last Week

Both the Refinance and Purchase indices increased from a week earlier, but remain significantly lower as compared with last year.

Analysis and Data