Impatient homebuyers are gradually accepting the reality of the housing market: BofA

Key Takeaways: – Prospective homebuyers are becoming less sensitive to home prices and high-interest rates – Fewer homebuyers are willing to wait for a better market to buy a home – Purchase activity has picked up, with an increase in sales of new single-family homes – Many homeowners are staying put and keeping their mortgages,…

Read More

Builder Confidence Falls for the Fourth Month in a Row—What’s Going On?

Key Takeaways: – The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) shows a six-point drop in builder confidence, marking the fourth consecutive drop this year. – Builder confidence has fallen a total of 22 points since July and is currently at its lowest level since December 2022. – Ongoing building supply…

Read More