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Zillow’s new AI feature can talk to home shoppers like it’s a friend Jan. 26th 2023
Zillow launched a new AI-powered feature, called "natural language search," that can now interpret home shoppers’ colloquial lingo.
Optimism spreads after new home sales climb in December Jan. 26th 2023
Mortgage rates are falling and builders are offering incentives to buyers, but that wasn’t enough to prop up new home sales in 2022.
How the housing market will evolve in 2023 Jan. 25th 2023
The unrelenting Fed policies to combat inflation will eventually instigate an economic recession sometime in 2023.
These four cities will see 2008-like correction in home prices: Goldman Sachs Jan. 25th 2023
Goldman Sachs, a multinational investment bank, forecasts home prices will fall further in 2023 than initially expected.
Housing Market Tracker: Purchase apps jump 25% Jan. 23rd 2023
Last week's housing market data provided mixed news, but the year-over-year purchase app numbers were the big story.
Housing inventory falls under 1M again as sales collapse Jan. 20th 2023
Total housing inventory levels broke under 1 million in December, dropping to 970,00 units for a population of 330 million people.
Housing activity to remain limited by mortgage rates, home prices: Fannie Mae Jan. 20th 2023
A modest recession is still expected in 2023, and elevated mortgage rates and home prices will limit housing activity.
Existing home sales ended the year with a whimper in 2022 Jan. 20th 2023
After a strong start, existing home sales fizzled through most of 2022, dropping 17% to an annual pace of 5.03 million.
For mortgage rates to get better, we need more housing completions Jan. 19th 2023
The Census Bureau's housing starts report for December shows that housing completions are still too slow and we are running out of time.
Mortgage rate protections, price discounts help reel in hesitant borrowers Jan. 19th 2023
In a slow housing market, sellers are offering more discounts and mortgage lenders are launching programs to protect clients' mortgage rates.