“This holiday season, homeowners are the ‘grinches,’ hoarding housing supply from willing buyers and keeping upward pressure on prices," said Mark Fleming, Chief Economist at First American. But the question remains: Will the New Year offer discouraged homebuyers more hope?
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Homebuying Power Weakens as Housing Affordability Plummets
Consumer homebuying power decreased from June to July 2023 and decreased 11.0% year-over-year, according to the First American Real House Price Index, sending housing affordability to its lowest level in more than three decades.
Read More »The Top 3 Single Family Home Markets to Follow
For the fifth consecutive month, the San Jose-Sunnyvale-Santa Clara, California CBSA is one of the best performing markets in the country, see what other markets topped the list . . .
Read More »What are the Top and Bottom CBSAs?
Experts have released the latest statistics from the top and bottom CBSAs around the nation.
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