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Freddie Mac Chief Economist: “New data indicate inflationary pressures are receding” – which, along with lower mortgage rates, may lure more homebuyers into the market. 

Last week, it was 7.5%. It’s the third weekly drop in a row, good news for buyers facing persistently high prices and a near-historic low number of for-sale homes. 

CoreLogic: Nine out of 10 residential properties are still selling for a profit in 3Q 2023, despite the recent downturn in the housing market. 

Florida Realtors economist: Understanding the financial impact of current mortgage rates can help Realtors relate to their clients’ all-important number: their monthly payment. 

Advocacy efforts will focus on keeping must-have programs going, like flood insurance, and pushing for programs that increase listings and boost fair housing efforts. 

Gas, cars and airfare cost less last month. Prices rose 3.2% year-to-year in Oct. – still higher than the Fed’s 2% goal – for the smallest increase since June. 

In the face of high interest rates and rising home prices, the typical buyer’s income rose 22% to $107K. 1 out of 3 (32%) was a first-time buyer, and 89% used an RE agent. 

11% of metros saw double-digit price increases in 3Q, even though buyers faced a one-year mortgage payment increase of 19.2%. In 2Q, prices rose in only 58% of metros. 

11% of metros saw double-digit price increases in 3Q, even though buyers faced a one-year mortgage payment increase of 19.2%. In 2Q, prices rose in only 58% of metros. 

11% of metros saw double-digit price increases in 3Q, even though buyers faced a one-year mortgage payment increase of 19.2%. In 2Q, prices rose in only 58% of metros. 

11% of metros saw double-digit price increases in 3Q, even though buyers faced a one-year mortgage payment increase of 19.2%. In 2Q, prices rose in only 58% of metros. 

11% of metros saw double-digit price increases in 3Q, even though buyers faced a one-year mortgage payment increase of 19.2%. In 2Q, prices rose in only 58% of metros.