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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

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