Rising interest rates are causing would-be buyers to back out of the for-sale market, and that waning demand is leaving homes on the market for nearly a week longer than a year ago
The share of homes purchased with all cash has been rising steadily for the past year as buyers searched for ways to beat out the competition and bypass costly loans
For the last two years, the housing market has been characterized by fast-rising home prices and surging interest rates, but today's homebuying conditions are far different from the real estate landscape preceding the Great Recession
Though a market correction will offer some relief to priced out buyers, ongoing affordability challenges will further slow home sales in 2023, experts say
Investor profits on fix-and-flip properties fell to their lowest level in 13 years during the third quarter of 2022 thanks to surging mortgage rates and weak homebuyer demand