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2023 Forty Under 40 nominations
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New-Home Sales

New-Home Sales Rise as Existing Housing Inventory Dries Up

Sellers are becoming increasingly hesitant to list their homes amid soaring interest rates, and that lack of for-sale inventory is forcing buyers into the new-home market

Financing

Mortgage Rates Remain High, but Rate Stability Is Encouraging Buyers

The 30-year, fixed-rate mortgage has been hovering under 6.5% APR for the last few weeks, and homebuyers are using that stability as an opportunity to buy

Housing Markets

The Top 5 Hottest US Metros Are All Located in the South

Summer weather isn't the only thing heating up in the Sun Belt. According to a recent Bankrate report, the South is also home to the hottest real estate markets

Market Data + Trends

Low Housing Supply Is Leading to Fewer but Faster Home Sales

As the number of new listings falls, homebuyers are either retreating from the for-sale market or going toe-to-toe for available homes

Housing Markets

Home Prices Rose in 70% of Metros During the First Quarter of 2023

The U.S. housing market is cooling, but in a few major metros, home prices continue to rise

Market Data + Trends

Share of Americans Who Say Now Is a Bad Time to Buy a Home Reaches 45-Year High

Just one in five Americans think now is a good time to buy a home—the lowest share recorded since Gallup began tracking homebuying sentiment 45 years ago

New-Construction Projects

Good News for First-Time Buyers—Home Builders Increase Entry-Level Production

For years, first-time buyers have struggled to afford home purchases in a high cost market with an undersupply of entry-level homes, but as construction costs rise, that could soon change

Housing Markets

Which Luxury Markets Are Seeing the Most Second-Home Purchases?

Demand for luxury vacation homes is subsiding in a pricier housing market, but affluent buyers are still making second-home purchases in a few popular destinations

New-Home Sales

Are the Days of Builder Incentives Coming to an End?

For the past several months, home builders have offered prospective buyers mortgage rate buydowns to make new-home purchases more affordable, but as the market stabilizes, those incentives may be coming to an end

Market Data + Trends

Spring Home Searches Narrow as Sellers Pull Back

Elevated mortgage rates aren’t the biggest roadblock for homebuyers this spring

 

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