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The Latest Breaking News from John Burns Real Estate Consulting

The slumped housing market reaches a critical juncture

The new construction market is thawing—just look at builder cancellation rates.

Housing market slump brings back 2-1 mortgage rate buydowns

Housing market slump brings back 2-1 mortgage rate buydowns

Homebuyers are looking for relief, and lenders are getting creative.

The housing market correction just took a new turn

The housing market correction just took a new turn

"Builders have taken their medicine for the most part right now on pricing," says Rick Palacios Jr., head of research at John Burns Real Estate Consulting.

From analysis to the latest developments in health,
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The housing market correction, as told by 4 charts

Overheated housing markets are seeing sharp home price corrections. Other markets, not so much.

Housing market slump gives homebuilders no choice but to offer aggressive mortgage rate buydowns

As of last month, 75% of U.S. homebuilders were offering mortgage rate buydowns, according to John Burns Real Estate Consulting.

Where are home prices in America's 400 largest housing market headed in 2023? These 5 charts give us some clues

Buyers Vs. sellers: Let's take a closer look at inventory data in the nation's 400 largest markets.

The U.S. housing market heads into 2023 still in correction mode—these 2 charts show what's happening to home prices

The U.S. home price correction is sharper—and more widespread—than previously thought.

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A 20% home price crash? These 7 forecast models can see it—where the other 13 leading models have the 2023 housing market going

A 20% home price crash? These 7 forecast models can see it—where the other 13 leading models have the 2023 housing market going

Where 20 leading forecasters foresee home prices going in 2023.

Rising mortgage rates are sending home prices lower

For the first time in a decade, home prices in Southern California are definitively falling.

Los Angeles Times

To sell or not to sell? How home sellers are adjusting to a softening market

With the frenzied housing market coming to an end, some sellers are considering putting their homes up for rent instead.

Tribune News Service

Home sellers are cutting list prices as more buyers take pause: 'The market is not the same'

Home sellers are increasingly cutting their asking prices as buyers, constrained by higher mortgage rates and overall inflation, have become less willing to jump into the housing market at any cost.

Los Angeles Times

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