By the Numbers

The U.S. has never defaulted on its debt, but without government action, it could happen by June 1 — leading to a surge in mortgage rates and monthly costs.

Interest rates dipped slightly to 6.35% this week, and mortgage applications were up — but limited inventory is keeping the market “subdued.”

NAR’s latest quarterly home sales report found that most markets are still seeing annual price increases, with the biggest gains in the Midwest and Southeast.

The 30-year mortgage rate averaged 6.39% this week, down from 6.43%, but the decline has not spurred an increase in mortgage applications.

As many analysts had predicted, the Federal Reserve raised the benchmark interest rate for the 10th consecutive time since March.

CoreLogic’s home price report for March found that prices in the U.S. increased 3.1% annually, though gains (and losses) varied across the country.

A new trends survey found that while most buyers still have trouble finding homes that fit their budget, more are optimistic about their chances.

Expanding homeownership remains a crucial task, says Dr. Lisa Sturtevant, as the White-Black homeownership gap is even wider now than it was in 1970.

The National Association of Realtors reported the first dip in pending sales since last November as inventory remains tight.

The average 30-year mortgage was up slightly this week, but cooling inflation is a sign that the market is stabilizing, which should prompt declines.

While these trends can bring challenges, understanding local market dynamics can help buyers and sellers be more competitive.

The latest U.S. Census numbers on new home sales illustrate an improving market for homebuilders, especially in the South.

The Case-Shiller data for March showed continuing annual declines in home prices, with stark regional differences.

A new survey from the National Association of Home Builders found a significant increase in the number of adults who plan on buying a home this year.

Buyers might long for pandemic-era mortgage rates, but economist Matthew Gardner cautions that the "bad & the ugly" impacts outweighed the good ones.

A new report found that in 2022, 30% of Gen Z Americans owned a home at age 25, making them a prime source of buyer (and seller) leads.

Our neighbors to the north are also grappling with high prices and low inventory, but "sanity is slowly returning to the housing market."

DR Horton, seen as a “heat check” for the housing industry, blew past analyst expectations with its fiscal Q2 profits and offered an encouraging take on spring.

Home sales fell only slightly between February and March, but the year-over-year picture illustrates a more significant drop.

Shifting market expectations have 30-year mortgage rates on the rise again, hitting 6.39% this week.