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High mortgage rates and the lack of inventory for sale pushed the sector into a downturn twice recently - between May and November last year and in May of 2023 - according to First American
September 18 -
While the share is slightly lower than at the start of 2023, the market is not expected to slip back to lower pre-pandemic levels, CoreLogic said.
August 18 -
A shortage of listings has pushed up prices, boosting the total value of US homes to a record $47 trillion, Redfin reported.
August 11 -
Renovations, already the leading use for these borrowings, increased their share to nearly two-thirds of the products' market, the Mortgage Bankers Association said.
July 26 -
Ten Western states that benefited from a pandemic-driven boom reported value declines in May, CoreLogic said.
July 11 -
Researchers at the government-sponsored enterprise also maintained their outlook for a modest recession but moved anticipated onset to the fourth quarter this year.
June 27 -
A larger share of sellers were optimistic in May, but the percentage of enthusiastic buyers fell, according to Fannie Mae's Home Purchase Sentiment Index.
June 7 -
Construction activity in smaller cities also saw a significant annual decline, according to the National Association of Home Builders.
June 6 -
But there are regional variations in housing markets across the country, the Federal Housing Finance Agency said.
May 30 -
The Mortgage Bankers Association sees the likelihood of a rise in sales activity later this year based on recent construction trends, in a turnaround from the 2022 market.
May 19