Overall mortgage-application volume was at its lowest level since 2018, the Mortgage Bankers Association said.

Home prices nationwide continued to climb higher in February compared to 12 months ago, according to the S&P CoreLogic Case-Shiller Indicies.

Low inventory and rising interest rates have reduced prospective homebuyer purchasing power. 

Rising interest rates and home prices have taken a toll on would-be homebuyers’ purchasing power, leading to increased inventory and another monthly slowdown in sales. 

Single-family home starts declined compared to February, while new apartment construction was up, according to government statistics.

Builder sentiment has taken a hit from an unexpectedly sharp increase in mortgage rates and continued disruptions in the supply chain, according to the National Association of Home Builders’ monthly survey. 

Investor activity showed early signs of slowing during Q4 of 2021, down from the historic highs seen in the second and third quarter, CoreLogic’s latest analysis reveals.

If you’re planning to sell your home this spring, get moving.

Report finds buyers are backing off from buying second homes, but what’s causing the turnaround?

Surging mortgage prices deterring more buyers

Our expectations and desires have shifted, with renters searching for more space — often at a higher price tag. And, according to a new study from RentCafe, that’s especially tough in Boston.

With fewer people putting their homes on the market, prices continue to skyrocket.

The decrease comes as interest rates continue to climb, according to the Mortgage Bankers Association. 

Housing inventory should reach pre-pandemic levels by the end of 2024, according to the results of Zillow’s latest Home Price Expectations Survey. More than 100 market experts and economists weighed in to predict upcoming trends.

“Buyer demand is still intense, but it’s as simple as ‘one cannot buy what is not for sale.” — National Association of REALTORS® chief economist Lawrence Yun  

Home prices continue to rise making homeownership harder to achieve as each generation readies to enter the real estate market.