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

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

Rising FHA and GSE loan limits offer a glimmer of hope for the new-home sales market ahead of 2023

Even if home prices fall 4% in 2023, pandemic homebuyers are backed by low fixed mortgage payments, strong credit, and a steady stream of equity

Home builders are offering rate buydowns to prospective buyers in order to bolster demand and sell homes faster

Home builders are reducing sales prices and offering incentives to budget-conscious buyers, but at a much more reserved pace than in 2007 and 2008

In order to bolster buyer demand and maintain a healthy backlog in a housing slowdown, home builders are being forced to lower their prices and offer new sales incentives

After posting strong gains in a red-hot mid-pandemic market, rent growth appears to be cooling at the close of 2022, and measures of inflation could follow closely behind

Mortgage applications are on the rise after a slight dip in daily rates at the start of December, but buyers are still hesitant to reenter the for-sale market