By the Numbers

A correction doesn't seem likely this year, but things could improve in 2024 if mortgage rates settle around 5%, says economist Matthew Gardner.

NAR reported that existing home sales fell in June and dropped nearly 19% year-over-year. But median sale prices reached a near-record high.

The 30-year fixed-rate mortgage averaged 6.78% this week, down from nearly 7% a week before, suggesting that cooling inflation is having an effect.

The latest ATTOM home sale report found that second-quarter profit margins rose for the first time in a year.

While rising interest rates have slowed the rate of increase, confidence is at its highest level in more than a year.

More than 185,000 properties had foreclosure activity in the first half of 2023, up 13% from last year.

Mortgage rates jumped for the third week in a row and are hovering near 7%, but lower-than-expected inflation could mean the economy is normalizing.

Morningstar has made a bold prediction about where mortgage rates and home prices are headed, but for now, prices are still rising.

The state’s "Dream for All" down payment assistance program has received more funding after quickly running out of money earlier this year.

It's been nearly a year since the average home sold for more than its list price, but it may not be enough to spark a wave of inventory.

A lackluster June jobs report suggests the Fed’s aggressive fight against inflation may finally be working, which could influence future rate hikes.

At 6.81%, the weekly average for a 30-year fixed-rate mortgage is the highest level seen since last fall, when rates spiked above 7%.

Younger generations are especially motivated by walkability, even if it means paying more, giving up yard space or living in a multifamily dwelling.

Inventory levels aren't following their typical pattern, reversing predictions for the second half of the year.

NAR's Pending Home Sales Index for May showed national declines but significant gains in the Northeast.

The 30-year fixed-rate mortgage averaged 6.71% this week, snapping three straight weeks of declines.

New home sales are up 20% year-over-year, according to the U.S. Census Bureau, and lower median prices could help first-time buyers.

The latest Case-Shiller Index found that after falling in the second half of 2022, home prices have been trending up since January.

State Senator Scott Wiener blames California's housing woes on decades of "terrible policy decisions," but he says legislation can help turn things around.

Harvard's annual housing report found little change in the racial homeownership gap as prices rise and supply stagnates, but federal programs may help.