The Federal Reserve is continuing its torrent of rate hikes to control inflation at the start of 2023, and that increased affordability pressure could have serious implications for the housing market
Housing supply is inching higher after reaching a record low during the COVID-19 pandemic, and that inventory boost, paired with a slight drop in mortgage rates, is motivating buyers to jump back into the for-sale market
For the past several years, prospective homebuyers have been hindered by cutthroat competition and seemingly endless affordability hurdles, causing many to delay their home searches indefinitely
The hottest January housing markets were located predominantly in the Northeast and the Midwest, but will a thawing spring market motivate buyers to purchase elsewhere?
Buyers are inching their way back into the for-sale market, but those looking for more affordable prices are finding ongoing affordability hurdles exacerbated by low inventory