By the Numbers

With inflation proving tough to tame, 7% mortgages may be the norm for a while.

A new Redfin survey found that a significant number of people who moved during the pandemic may need to move back, even if they lose money.

Some called the latest report “disappointing,” but economists still expect a downward trend in the months ahead.

A Zillow report found that new listings rose by 4% in August, an atypical late-summer boost that may offer buyers a few fresh options.

CoreLogic found home prices in July were 2.5% higher than a year ago, up from 1.6% appreciation in the spring.

On average, U.S. homeowners gained nearly $14,000 in equity since the beginning of the year, though equity is down slightly from last year's peak.

The average rate on a 30-year loan settled at 7.12% this week, but a decline in mortgage applications suggests that “consumers are weary.”

The latest Black Knight Mortgage Monitor Report paints a bleak picture of housing affordability with “limited room for a rebound” anytime soon.

A new survey from Zillow found that more than 80% of homebuyers evaluate climate and environmental risks when considering where to live.

New construction homes and multifamily housing are on different tracks. Here’s why that matters, and what’s coming in the next year.

The 30-year fixed-rate mortgage averaged 7.18% this week, dropping for the first time in five weeks.

Pending sales in July rose a modest 0.9%, but that could reflect an extended homebuying season as inventory has stifled buying activity.

The latest Case-Shiller data found that prices continued to creep up through June, returning to peak levels. But things may shift this fall.

Limited inventory is changing the behavior of buyers and the price of new construction relative to existing homes, several experts told Real Estate News.

For the fifth straight week, 30-year mortgage rates went up, hitting 7.23% — the highest level since 2001.

New construction got another boost in July, with sales up 31.5% year-over-year. Rising mortgage rates may reverse that trend.

NAR reported a 2.2% national decline in sales in July, but the West bucked the trend, and more first-time buyers entered the market.

Researchers from Zillow, Freddie Mac, and Goldman Sachs all issued revised, rising 2023 home value and price forecasts in the past week.

The median square footage for a home under construction — now 2,191 — has hit its lowest point since 2010.

After a fourth week of increases, average rates reached 7.09% this week, passing last fall's peak.