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Existing-Home Sales Decline 5.9% in October 2022 October’s existing home sales reached a 4.43 million seasonally adjusted annual rate, declining 28.4% from October 2021. By:  Michael Hyman

How a Home’s Age Influences Owners’ Renovation Plans A new study identifies the improvement projects homeowners prioritize based on how old their home is. By:  Melissa Dittmann Tracey

Single-Family Home Prices Up in 98% of 185 Metro Areas Forty-six percent of the metro markets posted double-digit annual price appreciation in Q3 2022 compared to 80% in Q2. By:  Michael Hyman

Instant Reaction: Mortgage Rates, November 17, 2022 The 30-year fixed mortgage rate fell to 6.61% from 7.08% the previous week. As a result, owning a home is 5% less expensive than it was a week [...]

Mortgage Rates Rise; Housing Affordability Weakens Housing affordability fell in September 2022 compared to August, with the monthly mortgage payment up 8.0% and the median family income rising [...]

Instant Reaction: Housing Starts, November 17, 2022 Housing starts in October 2022 fell to 1.425 million annualized units, implying we may face shortage conditions. By:  Lawrence Yun