By the Numbers

In the wake of turbulence in the banking sector, the 30-year fixed-rate mortgage fell to 6.6%, down from 6.73% a week ago.

A CoreLogic report found that average home equity rose more than 7% in 2022 — a small gain relative to the big jump seen in 2021, but still above average.

With the value of its residential real estate surpassing $3.6 trillion, Florida edged out New York but trails California among markets with the top home values.

Freddie Mac’s weekly survey reported yet another jump in the average 30-year mortgage rate, which is approaching its 2022 peak.

Housing completions went up in 2021, but builders tapped the brakes in 2022. At the same time, more households formed, leading to an ongoing shortage.

After maxing out in June, the percentage of million-dollar homes fell and is nearly flat year-over-year. In pricey markets, the declines were more pronounced.

Newly built homes continue to lose square footage. But agents see an upside for buyers seeking more affordable options.

As the housing stock ages, agents should educate themselves about the features and occasional pitfalls of older homes.

Rates inched up again this week, adding to affordability challenges ahead of the spring shopping season.

Realtor.com's monthly market report shows six straight months of increasing inventory.

The Case-Shiller and FHFA housing indices for December showed further cooling of home prices in all metros.

NAR's monthly report found that as mortgage rates declined in January, pending home sales moved upward.

Relative to overall home values, Black home values fared well in recent years according to Zillow data. But the racial homeownership gap remains wide.

A new Redfin report found the total value of U.S. homes has dropped $2.3 trillion since June 2022, with the biggest declines in the San Francisco Bay Area.

Mortgage interest rates climbed again this week, with the daily rate approach levels not seen since November.

The government announced a plan to cut mortgage insurance rates by 0.3 percentage points, which could save eligible homeowners an average of $800 a year.

Sales of existing homes fell again in January, but the slower rate of declines suggests the market is "bottoming out."

An upward trend in mortgage rates, after weeks of declines, has raised concerns about whether buyers will return. But pent-up demand may push them to act.

Interest rates are up for the second week in a row, and signs point to further bumps. This could put a damper on the spring selling season.

The number of distressed properties remains well below pre-pandemic levels, thanks to a strong job market and federal moratoriums, but they're creeping up.

NAR's quarterly home price report found that prices were up year-over-year in nearly 90% of major metros, though the pace of appreciation has slowed.

Volatility may be the norm for the near future, but mortgage interest rates remain down significantly from their November peak.

Zillow Chief Economist Skylar Olsen looks at the state of mortgage rates and ways agents can help buyers and sellers in this rebalancing cycle.

CoreLogic’s latest home price index shows year-over-year home appreciation of 6.9%, the lowest rate since late summer of 2020.

Nearly half of movers are moving for “housing-related reasons” such as a transition from owning to renting. The South and West are popular destinations.

Compared to November's peak, today's rates could allow millions of additional buyers to afford a home.

The Knock Buyer-Seller Market Index forecasts that many markets will shift to neutral or buyers market territory by late summer or early fall.

The latest monthly report from Realtor.com offers a familiar refrain: The market is sluggish, due in large part to affordability.

The latest rate hike of a quarter point is the smallest increase since rates began their steady climb last spring.

The S&P CoreLogic Case-Shiller Index for November showed a monthly drop in home prices as buyers retreated in response to rate hikes, affordability concerns.

A new NAR analysis found that Florida led the way in population growth in 2022, with net migration far exceeding that of runner-up Texas.

New data from Redfin finds a record percentage of people are looking to move to another metro area, with affordability playing a bigger role.

Existing home sales dipped 1.5% in December, defying predictions for a bigger fall, according to the National Association of Realtors.

The 30-year fixed-rate mortgage averaged 6.15% this week, the lowest rate since September.

A new report from ATTOM finds renting is more affordable than owning across most of the U.S., a big change from a year ago.

Charlotte, NC, topped the list of hot markets, along with other "relatively affordable" cities clustered in the Eastern U.S.

The company has added a feature to its listings that gives buyers an estimate of a home's electricity usage, seasonal changes and cost.

Following a two-week uptick, the 30-year mortgage rate dropped this week, averaging 6.33% on Jan. 12, down from 6.48% the week before.

A Realtor.com report found the number of homes for sale was up significantly year-over-year in December, but still well below pre-pandemic levels.

Fannie Mae’s Home Purchase Sentiment Index edged higher with more consumers saying it is a good time to buy a house.

For the first time ever, the baseline conforming loan limit topped $1 million in high-cost areas, giving buyers more purchase options.

As a sign of shifting market dynamics, Redfin reported a record number of seller concessions in the fourth quarter.

The rate now sits at 6.48%, up from 6.42% the week before. A year ago, the average rate was 3.22%.

A new market forecast predicts the top 5 buyers markets this year will be west of the Mississippi, while the top 5 sellers markets will be in the east.

In its growth index report, U-Haul found more one-way truck customers moved to Southern and Southeastern states in 2022.

Cities in the Midwest and South topped Realtor.com's list of markets with the biggest gains in price per square foot.

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.

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

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.

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.

All the forecasts are in. See what economists agree on — and where their predictions for 2023 diverge.

A recent report found a record drop investor purchases as interest rates rose and prices began to decline.

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

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

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

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%.

A study released by ATTOM found differences in values and appreciation based on a home's proximity to specialty grocery stores.

With rising interest rates cutting into the amount of square footage buyers can afford, new home sizes have been trending down.

After remaining relatively stable in the first half of 2022, multifamily builder confidence dropped significantly in Q3.

Relocation picked up in 2022, with buyers seeking out more affordable homes in Florida, Texas and California.

A new report by the Dallas Federal Reserve said that "frothiness" in the real estate marketplace could lead to a "deep global housing slide."

With the latest jobs numbers, the unemployment rate is at its lowest level in more than 50 years. It's good news for workers, but could spell more rate hikes.

For the first time since May, the number of homes under contract increased by a small but notable 2.5%, signaling a potential shift in the market.

This week's rate of 6.13% is nearing a level where it may create some demand, particularly from first-time homebuyers.

If mortgage rates continue to decline, we could see a more normal spring selling season, according to a Zillow economist.

Wary of making a bad decision in a shifting market, buyers are weighing their options — and waiting for prices to fall along with interest rates.

While families with school-aged children still account for the most listings, retirees and empty-nesters make up a significant market share.

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

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

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

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

The average 30-year fixed-rate mortgage rate was 6.61% on Nov. 17, down nearly half a point from last week, suggesting that inflation may have peaked.

In the face of high interest rates and high home prices, the number of residential mortgages issued has dropped nearly 47% over the past year.

The latest housing market indicators continue to trend slightly against sellers, but buyers are even more hesitant to enter the market.

After years of low inventory, Mike Simonsen of Altos Research expects housing inventory to approach more normal levels by the end of summer 2023.

Affordability challenges are real, but military families can leverage benefits like VA loans to reduce or eliminate their down payment.

A lack of inventory, rising interest rates and inflation are cutting more first-time buyers — especially minority buyers — out of the market.

Inflation numbers were lower than expected in October, with housing prices representing half of the increase, while mortgage rates crept up.

Buyers and sellers of existing homes are sitting on the sidelines while builders try to unload their inventory of newly completed homes.

The inventory numbers should be good news for buyers, but affordability, combined with seller hesitancy, means the market is not yet buyer-friendly.

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