By the Numbers

The 30-year fixed rate increased to 6.42% after nudging down to 6.27% the previous week, ending a six-week downward trend.

Housing data is everywhere, and keeping up with the stream of new information can be challenging. Dr. Paul Bishop highlights a few key data points to follow.

A new Redfin report estimates sales of luxury homes dropped 38.1% year-over-year, the biggest decline in 10 years.

The number of signed contracts to buy existing homes fell again in November, the National Association of Realtors reported.

Price gains slowed in October for the fourth straight month, dipping to 9.2% year-over-year, down from around 20% during the first half of the year.

Zillow’s annual rankings are dominated by second-tier cities that are more affordable and a short drive from major metro areas.

Economists have offered their take on the year ahead, but what about the on-the-ground perspective? See what Compass agents expect to see in 2023.

Single-family home sales rose by nearly 6% in November over the previous month. But the number was far below 2021.

Freddie Mac reported another small drop in mortgage rates, with the 30-year fixed-rate mortgage now at 6.27% after six weeks of declines.

The National Association of Realtors reported that existing home sales were off by more than 7% from October and 35.4% year-over-year.

The ATTOM/Altos Research Housing Market Outlook expects interest rates to remain elevated, leading to price drops of around 5% and a mild recession.

The National Association of Home Builders’ survey showed confidence dropped for the 12th straight month in December, but things may be leveling out.

Florida was the big winner in a newly released dataset from the FHFA showing quarterly and annual appraisal values for the top 100 U.S. metros.

Since peaking in the spring, condominium prices have fallen 4.4% nationally, while single-family prices fell 8.6%.

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.