By the Numbers

Millennials hit a major homeownership milestone in 2022, but they’re more likely to own a home in the Midwest versus pricey cities on the coasts.

A recent NAR report found that while homeowners have generated significant wealth via appreciation, gains were uneven across income levels and ethnic groups.

Low inventory has kept home prices high, and builders can’t deliver new homes fast enough to meet the demand.

Even as the market has slowed, sellers are optimistic that they can get a good deal on their sale.

High prices are nothing new in the Golden State, but an increasingly small fraction of residents can afford a home. Is a turnaround in sight?

A survey by Bright MLS found that investor properties accounted for more listings this spring, possibly due to fears of a looming recession.

The 30-year fixed-rate mortgage dropped slightly to 6.27%. Rates in the 6% range may no longer be phasing buyers — particularly repeat buyers.

With inventory low and interest rates elevated, economists don’t expect to see activity pick up until later in the year.

Even as falling interest rates have opened the door for more buyers, not enough sellers are listing, keeping inventory stubbornly low.

Mortgage applications have slowed even though rates fell for the fourth straight week, with the 30-year fixed-rate mortgage hitting 6.28%.

Zillow's latest analysis of listing descriptions found that certain keywords were correlated with higher sale prices and faster sales.

Apart from an early-pandemic spike in moves, mobility has continued to decline for decades, particularly among young renters.

The number of homes flipped last year reached a two-decade high, but average gross margins declined, and market conditions may deter flippers in 2023.

A Realtor.com analysis identified the best time to sell in 2023, and it's just around the corner. The report also said to expect a more typical spring season.

Since peaking in November, rates have been up and down — and up and down. Economists say it's hard to predict what's next, but buyers may want to act now.

NAR reported that February pending home sales were up 0.8% from January, making it the third consecutive month of increases.

The Case-Shiller and FHFA indices reported dips in annual and monthly home price appreciation, with current levels reflecting more typical rates of growth.

Millennials dominated the market in 2021, but as affordability pushed younger buyers to the sidelines, boomers took over as the top group of buyers 2022.

New study finds condos cheaper than homes in most major cities, on par or more expensive in others.

Rates dropped to 6.42% this week, down significantly from 6.73% just two weeks ago, which could give buyers a window to act.