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U.S. Housing Market Experiencing Big Home Price Correction

January 3, 2023 by cara Leave a Comment

The U.S. is seeing it’s second biggest home price correction of the post-WWII era with 55% of Americans saying they cannot afford to buy their home in today’s market, according to the CATO Institute 2022 Housing Affordability National Survey. Mitch Roschelle, Macro Trends Advisors founding partner, told Fox News he attributes the huge correction to… [Read More]

Filed Under: Real Estate Market Conditions Tagged With: housing market, market conditions, real estate market

New Report: Affordable Homes in Charlotte “Increasingly Difficult to Find”

November 30, 2022 by cara Leave a Comment

Charlotte, NC

A new report released this month by UNC Charlotte’s Childress Klein Center for Real Estate (CKCRE), the Charlotte housing market is showing signs of softening but it’s becoming difficult to find homes that are priced affordably.  The “2022 State of Housing in Charlotte” report, says home buyers and renters in the eight-county region are entering… [Read More]

Filed Under: Charlotte Real Estate News Tagged With: charlotte real estate, Charlotte Real Estate Market, housing market, real estate market

Sharp Home Price Decline Possible Says Fed

October 8, 2022 by cara Leave a Comment

At a Federal Open Market Committee press conference in September, Federal Reserve chair Jerome Powell was asked to clarify what he meant when he said the U.S. housing market would “reset.” He answered: “We’ve entered into a ‘difficult correction’ that will see the U.S. housing market transition to a more “balanced” market for buyers and… [Read More]

Filed Under: Real Estate Market Conditions Tagged With: housing market, market conditions, Market Trends, real estate market

Mortgage Rates Down Slightly After Several Weeks of Rising

October 8, 2022 by cara Leave a Comment

The week ending on October 5th saw the 30-year fixed-rate mortgage averaging 6.66%, down from 6.70% the week before. This is according to Freddie Mac.  Since the start of 2022, mortgage rates have more than doubled as the Federal Reserve continues its unprecedented hiking of interest rates to try and tame the rise of inflation…. [Read More]

Filed Under: Real Estate Market Conditions Tagged With: market conditions, real estate market, real estate trends

Home Prices Fell in July for the First Time in 3 Years

August 31, 2022 by cara Leave a Comment

For the first time in nearly three years, home prices declined 0.77% from June to July according to Black Knight’s Home Price Index. Black Knight is a mortgage software, data and analytics firm. While the drop may be small at less than 1%, it is the largest single-month decline in prices since the beginning of… [Read More]

Filed Under: Real Estate Market Conditions Tagged With: housing market, market conditions, real estate market, real estate trends

Home Sales Seeing Highest Rate of Cancellations Since Start of the Pandemic

August 29, 2022 by cara Leave a Comment

Around the country, nearly 60,000 home-purchase agreements fell through in June according to a Redfin analysis of MLS data going back through 2017. That is equal to 14.9% of homes that went under contract that month. This is the highest percentage on record with exception to March and April of 2020, when the housing market… [Read More]

Filed Under: Real Estate Market Conditions Tagged With: buying, housing market, market conditions, real estate market, selling

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