By the NumbersMortgage rates flirt with the 7% mark, could drop furtherIt’s the sixth straight week of declines, coinciding with signals that the economy is cooling.Dave GallagherDecember 7, 2023
By the Numbers2024 may bring ‘season of hope’ amid lawsuits and AI shiftsMortgage rates, inventory and prices are expected to improve for homebuyers in the new year as the industry responds to commissions-focused court cases.Dave GallagherDecember 5, 2023
By the NumbersThe Golden State’s housing market could be a sure bet in 2024A new ranking of the top 10 cities for growth includes five Southern California metros that could see double-digit sales growth next year.AJ LaTraceDecember 4, 2023
By the NumbersDespite economic volatility, most people can still pay their mortgagesThe latest CoreLogic report shows delinquencies at record low levels, although there are some warning signs.Dave GallagherNovember 30, 2023
By the NumbersFalling rates and rising inventory a good combo for buyersRates edged closer to the 7% mark this week, improving affordability. Coupled with a small bump in listings, that could mean more year-end sales.Dave GallagherNovember 30, 2023
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 found that down payments increased as more people saved up by 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