Live News

• No, Wall Street investors haven’t bought 44% of homes this year Dec. 10th 2023
  Despite the hype, big investors are still a tiny percentage of homebuyers and not to blame for extremely low housing inventory.

• Why home prices haven’t crashed even with high mortgage rates Dec. 09th 2023
  Not only did home prices not crash this year, they got back to all-time highs and the number of homes taking price cuts is less than 2022.

• 2023 was the worst year for homebuyers on record Dec. 08th 2023
  High mortgage rates, a lack of inventory and elevated home prices have turned 2023 into the least affordable year for homebuyers on record.

• The Fed was wrong about jobs and inflation Dec. 08th 2023
  The Fed has much to answer for after their massive rate hikes and quantitative tightening policy, which disproportionally affected housing.

• Amid housing slowdown, new construction grew most in exurban areas in Q3 Dec. 05th 2023
  In the third quarter of 2023, single-family and multifamily home construction grew in outlying areas instead of urban centers.

• FirstHome IQ now has 60 ambassadors boosting financial literacy Dec. 04th 2023
  FirstHome IQ now has 60 housing professionals in their Ambassador program, who donate a portion of every loan to boost financial literacy.

• Impatient homebuyers are gradually accepting the reality of the housing market: BofA Dec. 04th 2023
  Fewer prospective homebuyers are willing to wait for a better market to buy a home. 

• Pending home sales fall to their lowest level in two decades Nov. 30th 2023
  Pending home sales in October fell to their lowest level since 2001 as mortgage rates hit 8%. Still, the Northeast posted a monthly gain in transactions.

• Buyers will have more options in 2024, but affordability woes will persist: Bright MLS Nov. 30th 2023
  Bright MLS released its National Housing Market Outlook on Wednesday, which shows that affordability will remain the biggest challenge for homebuyers next year.

• Nashville breaks into list of top migration destinations for first time since 2021: Redfin Nov. 29th 2023
  For the first time since 2021, Nashville is again a top migration destination for relocating buyers, according to a new report from Redfin.