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Market Data + Trends

February Market Reveals Record Housing Supply Drop, Slow Existing Home Sales

Housing supply dropped dramatically from January, resulting in a hit to February existing home sales. Compared to January, February closed sales…

Financing

Mortgage Rates Return to March 2020 Levels

Mortgage rates increased again this week as the market heads into the busy spring season, but it doesn’t appear to be scaring many buyers away,…

Market Data + Trends

Demand for Second Homes Outpaces Primary Home Demand

Homebuyers continue to navigate a difficult housing market as home prices go up, home listings go down, and higher than usual demand for secondary…

New-Home Sales

How New-Home Salespeople Can Talk Rising Prices With Buyers

On this installment of The Weekly, K. Hovnanian VP of sales Chris Hartley shares his advice for new-home salespeople when discussing rising home…

Market Data + Trends

Majority of Buyers Face Bidding Wars With No Relief Expected

More active buyers are finding their homebuying journey extended as bidding wars rage on. According to a new survey by the National Association of…

Sales

Debunking Common Homebuying Myths

There are six primary myths when it comes to home buying that many renters still believe, but knowing the facts could inform renters that their…

Market Data + Trends

Zillow Says a Faster Market Caused More Homes Sales

Homes are lasting mere days on the market before being scooped up, and Zillow says if this pandemic trend continues, it could be the new normal.…

Market Data + Trends

Buyers are Optimistic for Purchasing in 2021 as Pent-Up Demand Grows

Stress brought on by 2020 may be fading for some 28 million optimistic Americans who are considering buying this year. According to a NerdWallet…

Market Data + Trends

Prospective Buyers Still Plan to Purchase in 2021

The latest report from the National Association of Home Builders found an increasing number of Americans planning to purchase a home within the…

Market Data + Trends

Existing Home Sales Soared in 2020 Despite Record Low Inventory

Existing home sales hit a 14-year peak in December, with a seasonally adjusted annualized rate of 6.76 million units closed. If housing inventory…

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