Observations

Elevated mortgage rates, weak buyer traffic and ongoing supply-side challenges continued to act as a drag on builder confidence in August, as sentiment levels remain in a holding pattern at a low level. Builder confidence [READ MORE]

The typical home that went under contract in July was on the market for 43 days. That’s up from 35 days a year earlier and is the longest span for any July since 2015, according [READ MORE]

Home values fell in half of the nation’s largest markets over the past year, according to the latest market report from Zillow®. Buyers are gaining leverage across the country, with more markets tipping toward balance, [READ MORE]

Slower demand from buyers has more homes for sale now than at any time since 2019, according to the latest market report from Zillow®. With homes lingering on the market and less competition for them, [READ MORE]

Challenging affordability conditions, elevated interest rates and economic uncertainty continue to act as headwinds on the housing sector as many potential buyers continue to stay on the sidelines. Sales of newly built single-family homes edged [READ MORE]