pending home sales

Pending Sales Hold Steady Despite Sustained Rates Above 7%

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

MarketNsight Identifies 7% as the New Sensitivity Threshold for Mortgages

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[...]

MarketNsight Reveals Decrease in July Pending Sales

MarketNsight Reveals 18% Decrease in Pending Sales Year to Year

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[...]

graphic with little houses indicating housing price increase

MarketNsight Reports First Significant 2023 Price Increase

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%[...]

Atlanta needs entry-level housing, yet roadblocks stand in the way

Atlanta Needs Entry-Level Housing, Yet Roadblocks Stand In The Way  

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[...]

MarketNsight Update: Buyers are Signing Contracts at 80% of Last Year’s Pace Even with interest rates above 6%

MarketNsight Update: Buyers Signing Contracts at 80% of Last Year’s Pace

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[...]

New Home Market Share Up 89% Year Over Year in March 2023

MarketNsight Reports New Home Market Share Up 89% YoY

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[...]

MNS Market Update

MarketNsight Update: Home Builder Stocks Surge, Jobs Added

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[...]