By the Numbers

Despite the Fed's half-point rate increase on Wednesday, the mortgage market continues to see declining rates, dropping to 6.31% today.

With inflation showing early signs of cooling, the Fed announced a half-point rate increase — a quarter point less than its last four hikes.

A recent survey by Point found that 90% of homeowners who'd like to move in 2023 think it would be too costly.

NAR's Lawrence Yun and a panel of four other economists agreed that a crash was unlikely, but discussed both new and chronic issues affecting the market.

The number of homes for sale jumped a record 15% year-over-year, but mortgage rates will dictate affordability and buyer interest.

The average rate for a 30-year mortgage was 6.33% this week. It’s now the fourth consecutive week of rate drops.

ATTOM's monthly Foreclosure Market Report found filings were up 57% year-over-years still but well below pre-pandemic levels.

Wichita was No. 1 among the 10 best metros for first-time buyers, offering a mix of affordable homes, good inventory and a higher share of price cuts.

Redfin economists offer up 12 predictions for the year ahead and foresee a challenging real estate market for agents and brokers.

Redfin reports that 2% of U.S. homes were delisted each week during the past three months. In recent years the peak was around 1.6%.

The mortgage rate averaged 6.49% this week, according to Freddie Mac. That’s down from over 7% just a few weeks ago.

A new ATTOM report looked at affordability, foreclosures and other factors to determine the most and least vulnerable housing markets among nearly 600 counties.

Offers to buy homes dropped again in October, and were off 37% year-over-year, as higher interest rates and inflation slowed down real estate activity.

Knock’s Buyer-Seller Market Index finds that more metros are becoming buyers markets, and the trend is expected to continue.

Realtor.com economists predict an unusual year ahead, with higher interest rates and more inventory, but not the drop in prices that would typically follow.

Buyers in the 100 largest cities have lost up to 1,140 square feet of living space due to higher prices and interest rates.

Economic data from the Federal Housing Finance Agency and the Case-Shiller housing index show a continued slowdown in home value increases.

The number of home loan applications rose for two straight weeks this month, coinciding with falling interest rates.

While inventory is trending down ahead of the holidays, the pace is slower compared to recent years.

It's too soon to call it a trend, but the slight downtick in mortgage rates may give hope to potential buyers.