MarketNsight, a leading real estate data and analysis provider, reports that even after six weeks in a row with 30-year fixed mortgage rates higher than 7%, pending sales are performing better than in the fall of 2022. “Home buyers have become accustomed to higher rates, and the market continues to be driven by the lack of housing supply,” said John Hunt,[...]
MarketNsight identifies 7% as the new sensitivity threshold for mortgages. The leading real estate data and analysis provider reports that rates in the second week of August 2023 rose to 7.09% - surpassing the 20-year highs set last fall. On the way to 7.09%, pending sales rapidly declined, completely reversing the positive trend witnessed in the third week of July[...]
Bright Spot: New home pending sales are up 48% year over year since February MarketNsight, a leading real estate data and analysis provider, reports that pending sales in July were down 18% year to year – showing no significant change from the 19% decrease revealed in its January 2023 update. Unless interest rates drop significantly in the next few months, pending[...]
MarketNsight, a leading real estate data and analysis provider, reports that June’s collapse in housing inventory ushered in 2023’s first significant price increase. In late June, total inventory turned negative year over year for the first time in 13 months. Two weeks later, the effect of this drop in inventory was reflected in prices. Prices in July 2023 were up 6%[...]
MarketNsight Reports on First Half of 2023 This week, MarketNsight, a leading real estate data and analysis provider, revealed housing data through the end of June 2023. Of note, year-to-year housing inventory has collapsed since January and was negative in June for the first time in 13 months. Months of supply (MOS) at the end of June 2023 was 1.8. According to[...]
MarketNsight Offers Housing Forecast at MarketWatch Atlanta MarketNsight, a leading provider of real estate data and analysis, recently hosted its biannual MarketWatch Atlanta event via Zoom, releasing data on the state of the Atlanta new home industry. According to John Hunt, Principal and Chief Analyst at MarketNsight, the housing shortage in Atlanta (especially related to entry-level housing) and elsewhere throughout the[...]
Contrary to many recent headlines, the housing market remains active and dynamic, according to new data from MarketNsight. Despite a perceptible decrease in demand, the industry research leader reports that home sales continue at a robust 80% of last year's pace, with buyers signing contracts, even with interest rates exceeding 6%. “Increases in the market share of new homes continue to[...]
Despite recent alarming events and headlines, builder sentiment is rising, home prices have not collapsed, the job market remains strong, and the Fed has slowed its pace on rate hikes. What will the rest of 2023 and 2024 hold? Find out at MarketWatch Atlanta hosted by MarketNsight on Thursday, June 8, 2023. John Hunt with MarketNsight and Dr. Rajeev Dhawan[...]
MarketNsight, a leading provider of real estate data and analysis, announces that new home market share in March 2023 was up 89% year over year. According to John Hunt, Principal and Chief Analyst at MarketNsight, new home market share growth can be attributed to several factors, including elevated interest rates and a lack of resale inventory. "Not surprisingly, new home market[...]
MarketNsight announces its latest real estate market update, showcasing the industry’s most recent trends and data. The real estate market has seen a significant improvement since November 2022. The Federal Reserve's decision to slow down the pace of interest rate hikes to 0.25% has played a crucial role in motivating buyers and calming anxiety across the industry. Additionally, the release[...]