Current Market Data
New-home construction posted a 12.2% month-over-month increase in August, thanks in large part to a significant jump in multifamily building.
A continuing combination of increased interest rates, supply-chain disruptions and high home prices has sapped homebuilder sentiment every month this year.
The housing market is starting to become more balanced.
From 2013 to 2022, 12,401 apartments were delivered in Miami.
Mortgage applications declined 1.2% during the week ended Sept. 9, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey.
Modern homes are still the most popular interior design style, according to a new study from Confused.com, a financial services comparison website based in the U.K.
Mortgage applications, pending sales, new listings and overall inventory saw large declines in August.
Homebuyers nationwide had more time to make decisions in August with the first year-over-year increase in median days on the market since June 2020.
Buyers who are still in the game are finally getting a break from bidding wars
The modest 1% decline could indicate the current housing cycle is reaching a bottom as mortgage rates recede from their recent high, the National Association of REALTORS® said.