By the NumbersPending home sales drop to lowest level on recordNationally, pending sales slid 1.5% in October as mortgage rates spiked and buyers retreated.AJ LaTraceNovember 30, 2023
By the NumbersHousing Market Decoded: Why 2023 mortgage rate predictions missed the markA year ago, many economists forecast that rates would fall within the 5-6% range by the end of 2023, but the economy didn’t behave as expected.Matthew GardnerNovember 30, 2023
By the NumbersMusic City hitting the right note for those looking to moveNashville, which offers a mix of relatively affordable home prices and a low cost of living, made it back onto Redfin’s latest migration destination list.Dave GallagherNovember 29, 2023
By the Numbers2024 will be a better year for buyers — but how much better?Forecasts from Realtor.com and Bright MLS offer varying degrees of optimism, with a split on inventory and an eye on wild cards like inflation and the election.Dave Gallagher, Amie FisherNovember 29, 2023
By the NumbersRising home prices push up Fannie Mae, Freddie Mac loan limitsThe 5.5% increase for 2024 “seems like a pretty good indication,” that the Federal Housing Finance Agency expects home prices to keep increasing.Dave GallagherNovember 28, 2023
By the NumbersHome prices spiral upward, worsening affordabilityA collection of reports show that high mortgage rates weren’t enough to dampen price increases as demand continues to outpace supply.Dave GallagherNovember 28, 2023
By the NumbersNew home sales tap the brakes, but still going strongDespite robust demand, prices continue to drop. It’s all about elevated interest rates, and builders’ response as affordability remains a struggle.Dave GallagherNovember 27, 2023
By the NumbersBuyers can give thanks for another dip in mortgage ratesApplications increased as 30-year fixed-rate mortgages declined for a fourth straight week.Dave GallagherNovember 22, 2023
By the NumbersExisting home sales take biggest hit of the yearOctober home sales slid 4.1%, representing the steepest single-month decline in 2023 so far.AJ LaTraceNovember 21, 2023
By the NumbersFall bump in new construction activity a welcome surpriseBuilding permits and housing starts rose modestly between September and October, suggesting that more supply could be coming online in future months.Dave GallagherNovember 17, 2023
By the NumbersMortgage rates dip to lowest level since SeptemberAs rates decline for a third straight week, mortgage applications have risen, suggesting the possibility of a jump in year-end home sales.Dave GallagherNovember 16, 2023
By the Numbers2024 could usher in a surge of home salesNAR economist expects to see a double-digit rise in both existing and new home sales next year.Dave GallagherNovember 14, 2023
By the NumbersMarket Moods: Houston inventory back to pre-pandemic levelsBuyers are in a better position this fall as supply increases and home prices level off in the Lone Star State's largest city.Robert DavisNovember 14, 2023
By the NumbersFirst-time homebuyers ‘tiptoe back’ as median income tops $100kNAR’s annual Profile of Home Buyers and Sellers report revealed higher down payments, as more people reported living with friends or family before purchasing.Dave GallagherNovember 13, 2023
By the NumbersBig rate drop could mean flurry of Thanksgiving home salesMortgage rates took a dive this week, experiencing the largest one-week decline in a year.Dave GallagherNovember 9, 2023
By the NumbersJobs report could mean lower mortgage rates are comingThe pace of jobs and wages slowed in October, which may reduce inflation and potentially knock down mortgage rates in time for the spring selling season.Dave GallagherNovember 3, 2023
By the NumbersMortgage rates level off after rising for 7 weeksAfter steadily climbing this fall, average rates — which have been hovering near 8% — inched down this week, but continued fluctuations are likely.Dave GallagherNovember 2, 2023
By the NumbersHome price growth rose again in AugustThe latest Case-Shiller Index found that home prices continued to rise for a seventh straight month despite high mortgage rates.Dave GallagherOctober 31, 2023
By the NumbersRead if you dare: The scariest housing markets in the countryA Point2 analysis says California is all tricks and no treats for homebuyers facing the bogeymen of high prices, low inventory and rising mortgage rates.Cheryl Reid-SimonsOctober 31, 2023
By the NumbersRetro housing market stuck in early ‘80s time warpMany of today’s challenges are throwbacks to what consumers and the industry faced four decades ago.Dave GallagherOctober 29, 2023