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One reason for a delay in the closing of a home sale is a problem with the appraisal. Issues with the appraisal result in 18% of home sale delays and are the second most common reason to hold up a home sale (obtaining financing is number one). Appraisal problems can not only delay the closing,…

Working remotely has changed how Americans spend their time at home. The home office has taken on new meaning, and homeowners are no longer looking for a house with a room like the kitchen or den that can double as a home office. Spending extra time at home and the desire for more space, both…

Highlights The March national median listing home price was over $400,000, an all-time high and an increase of 13.5% over March 2021 prices. Rising interest rates are moderating the demand for homes. As a result, mortgage applications are down 40% from March 2021. Home sellers are seeing a softening market. The share of homes for…

One reason for a delay in the closing of a home sale is a problem with the appraisal. Issues with the appraisal result in 18% of home sale delays and are the second most common reason to hold up a home sale (obtaining financing is number one). Appraisal problems can not only delay the closing,…

Nationally, the number of homes listed in January was 326,312, down an average of 9.1% compared to January 2021. However, homes continue to sell at a rapid pace. The typical home spent 61 days on the market in January, ten days less than in January 2021, and more quickly than any January going back to…

The December national indicators showed improving overall housing market activity. Looming interest rate hikes prompted homebuyers to lock in mortgage rates during a typically slower time of the year. The total number of unsold homes nationwide is down 16.1% from December 2020. This is a minor improvement from November’s 16.2% decline as the inventory share…

National housing market indicators available as of November showed overall improvement. While home values are trending upward in most larger markets, the inventory is trending down, suggesting the winter months will be a more competitive market in many areas of the country. Due to the inventory shortage, many homeowners have been reluctant to put their…

The U.S. housing market remains active. Housing market indicators released in October show market activity improving overall. However, home list prices remain high due to tight inventory and high demand. Since many sellers are also hopeful homebuyers, the low supply of available homes for sale makes the decision to sell more difficult. Experts hope that…

The indicators for the National Housing market as of September reveal activity has improved overall. While it is still very much a seller’s market, there is movement as we see more homes come onto the market.  There also appears to be a decline in the number of buyer bidding wars. Chris Glynn, an economist at Zillow…

National housing market indicators as of August showed housing market activity improving overall. The pandemic has seen one of the tightest housing markets in a long time. Now, after hitting a 40-year low, the housing market is slowly seeing an increase in inventory. Home prices in the U.S. have climbed at a record pace during…