By the Numbers

Following last week’s substantial drop, rates leveled off but still declined modestly, while pending home sales were flat.

Mikaela Arroyo of John Burns Research says homebuyers will prioritize affordability over 'bells and whistles' and accept smaller homes that meet their needs.

Despite 8% interest rates in October, annual home price growth continued to increase in most markets, the latest Case-Shiller report shows.

For those who can find a home to buy, falling rates will provide significant relief.

Before making a small gain in November, existing home sales had been on a downward trajectory since July.

Small cities in New Hampshire and Connecticut dominated the search portal's most popular markets for 2023.

The latest NAHB survey shows improving builder confidence, and even Fannie Mae’s more bearish economists see a recovery ahead.

Even if the hoped-for economic “soft landing” isn’t so soft, don’t expect to see a wave of short sales and foreclosures next year.

The seventh straight week of mortgage interest declines has led to more holiday season homebuying activity.

Economists were optimistic about the year ahead, but noted that inflation and mortgage rates will be key factors.

While high borrowing costs brought the market to a halt in 2023, there are signs that mortgage rate relief is coming in 2024.

Even with mortgage rates dropping, challenges like affordability and stagnating household finances are keeping consumers wary.

It’s the sixth straight week of declines, coinciding with signals that the economy is cooling.

Mortgage rates, inventory and prices are expected to improve for homebuyers in the new year as the industry responds to commissions-focused court cases.

A new ranking of the top 10 cities for growth includes five Southern California metros that could see double-digit sales growth next year.

The latest CoreLogic report shows delinquencies at record low levels, although there are some warning signs.

Rates edged closer to the 7% mark this week, improving affordability. Coupled with a small bump in listings, that could mean more year-end sales.

Nationally, pending sales slid 1.5% in October as mortgage rates spiked and buyers retreated.

A year ago, many economists forecast that rates would fall within the 5-6% range by the end of 2023, but the economy didn’t behave as expected.

Nashville, which offers a mix of relatively affordable home prices and a low cost of living, made it back onto Redfin’s latest migration destination list.