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Market Data + Trends
A Record Share of Sellers Offered Concessions in Q4 2022
As homebuyer demand wavered in the final quarter of 2022, sellers were forced to make concessions and slash their listing prices
The New American Home
Stylish, Innovative, Efficient Products Featured in The New American Home 2023
Learn more about the products that went into The New American Home 2023 in Las Vegas
Sales
November Existing-Home Sales Slow to Lowest Level Since 2011
Home sales slowed at a rapid pace in November as soaring mortgage rates continued to price out prospective buyers
Affordability
5 Ways Industry Leaders Can Work to Make Housing More Affordable in 2023
Housing costs are soaring, but solutions to boost affordability seem few and far between. Here a few jumping points for real estate businesses, lenders, and local governments to alleviate costs in 2023
Labor + Trade Relations
Have Construction Job Openings Already Peaked?
After peaking in April 2022, the count of unfilled construction jobs is trending lower as the housing market slows
Market Data + Trends
In a Market Correction, Sellers Face a Dilemma: Lower Prices or Wait for Buyers to Bite
Home prices are falling across the country as a housing correction pushes would-be buyers to the sidelines, but some sellers aren't budging
Housing Policy + Finance
Central Bank Isn’t Backing Down—More Rate Hikes Ahead in 2023
The Federal Reserve is gearing up for another aggressive year of rate hikes meant to slow inflation, and while economists are optimistic, homebuyers are losing steam
Financing
Mortgage Demand Plunged at the Close of 2022 as Interest Rates Inched Higher
Mortgage application volume posted a double-digit decline during the last week of 2022 as interest rates climbed toward 7% after falling two weeks prior
Financing
Conforming Loan Limits Top $1 Million in High-Cost Markets
For the first time on record, the baseline conforming loan limit in high-cost areas has surpassed $1 million, meaning that fewer homes will require a jumbo loan in the year ahead
Market Data + Trends
5 Trends Influencing Luxury Home Purchases in 2023
Like all other real estate sectors, the luxury market is adjusting to a nationwide housing correction in 2023