By the NumbersMortgage rates soar to 23-year highEven as interest rates climb, home prices aren't budging, a combo which may "put the brakes on the housing market."Dave GallagherSeptember 28, 2023
By the NumbersPending home sales slid a staggering 7.1% in AugustThe decline could mark "the beginning of the end of this resilient housing market," according to one economist.AJ LaTraceSeptember 28, 2023
By the NumbersAffordability driving Sun Belt moves, despite climate risksThe latest Redfin migration report found that more home shoppers are looking at lower-cost cities that have seen increasing climate-related dangers.Dave GallagherSeptember 27, 2023
By the NumbersCase-Shiller: Home prices peaked this summerPrices in July topped last year’s high, but slowing demand due to elevated mortgage rates is expected to bring price declines and soften new home sales.Dave GallagherSeptember 26, 2023
By the NumbersExisting home sales fall for the sixth time in 2023Sales dipped in August but have been relatively stable on average — though well below last year's levels, reflecting high prices and limited supply.AJ LaTraceSeptember 21, 2023
By the NumbersMortgage rate relief? Not this yearRates inched up this week, and with Fed signals that interest rates will remain “higher for longer,” buyers may continue to face tough options.Dave GallagherSeptember 21, 2023
By the NumbersGet your buyers ready: The best time to buy a house is…Forget the spring and summer rush — home shoppers will have better luck making a deal during the first week of October, according to Realtor.com.AJ LaTraceSeptember 20, 2023
By the NumbersNo rate hikes (yet) as Fed shakes off mortgage ‘lock-in’ effectThe Fed did not boost interest rates at its September meeting but warned that one more hike is likely this year.AJ LaTraceSeptember 20, 2023
By the NumbersHome construction slowed in August as builder confidence fellThe multifamily sector saw the largest monthly declines, but single-family starts were also sluggish as mortgage rates remained high.Dave GallagherSeptember 19, 2023
By the NumbersAs mortgage rates rise, so does buyer’s remorseCanceled deals impacted nearly 16% of homes under contract in August as elevated interest rates and home prices led to sticker shock for some buyers.Dave GallagherSeptember 15, 2023
By the NumbersA fall reprieve unlikely as mortgage rates inch upWith inflation proving tough to tame, 7% mortgages may be the norm for a while.Dave GallagherSeptember 14, 2023
By the NumbersWhat’s turning homeowners into sellers? Getting back to the officeA 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.Dave GallagherSeptember 13, 2023
By the NumbersWhat do today’s inflation numbers mean for mortgage rates?Some called the latest report “disappointing,” but economists still expect a downward trend in the months ahead.Dave GallagherSeptember 13, 2023
By the NumbersSome good news for homebuyers: Listings are upA Zillow report found that new listings rose by 4% in August, an atypical late-summer boost that may offer buyers a few fresh options.AJ LaTraceSeptember 12, 2023
By the NumbersHome price growth picked up this summerCoreLogic found home prices in July were 2.5% higher than a year ago, up from 1.6% appreciation in the spring.Dave GallagherSeptember 12, 2023
By the NumbersAnother sign of a market rebound? Home equity is back upOn 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.AJ LaTraceSeptember 8, 2023
By the NumbersFrom ‘frenzy’ to ‘fatigue’ as mortgage rates, applications dipThe average rate on a 30-year loan settled at 7.12% this week, but a decline in mortgage applications suggests that “consumers are weary.”Amie FisherSeptember 7, 2023
By the NumbersMortgage payments jump 60% in just two yearsThe latest Black Knight Mortgage Monitor Report paints a bleak picture of housing affordability with “limited room for a rebound” anytime soon.Cheryl Reid-SimonsSeptember 6, 2023
By the NumbersMost buyers weigh climate risk when home shoppingA new survey from Zillow found that more than 80% of homebuyers evaluate climate and environmental risks when considering where to live.AJ LaTraceSeptember 6, 2023
By the NumbersHousing Market Decoded: Where is inventory headed? What housing starts revealNew construction homes and multifamily housing are on different tracks. Here’s why that matters, and what’s coming in the next year.Nancy Vanden HoutenSeptember 2, 2023