By the Numbers

Home sales surged in February after a year of declines, but the momentum didn't last long. After dropping in March, sales dipped further in April.

The 30-year fixed-rate mortgage has teetered between about 6.3-6.4% in recent weeks, a possible sign that rates are leveling out.

A new study found that homes within 30 miles of expensive metros can offer significantly lower prices.

A new survey by Opendoor found that a high percentage of home buyers and sellers are willing to make some concessions in order to close a deal.

Fannie Mae’s Home Purchase Sentiment Index saw the biggest increase in nearly a year.

After a year of declining confidence in 2022, homebuilder optimism is on the rise, driven by buyer demand that is outpacing the supply of existing homes.

California homebuyers are experiencing the worst situation in the country when it comes to new home listings.

The U.S. has never defaulted on its debt, but without government action, it could happen by June 1 — leading to a surge in mortgage rates and monthly costs.

Interest rates dipped slightly to 6.35% this week, and mortgage applications were up — but limited inventory is keeping the market “subdued.”

NAR’s latest quarterly home sales report found that most markets are still seeing annual price increases, with the biggest gains in the Midwest and Southeast.

The 30-year mortgage rate averaged 6.39% this week, down from 6.43%, but the decline has not spurred an increase in mortgage applications.

As many analysts had predicted, the Federal Reserve raised the benchmark interest rate for the 10th consecutive time since March.

CoreLogic’s home price report for March found that prices in the U.S. increased 3.1% annually, though gains (and losses) varied across the country.

A new trends survey found that while most buyers still have trouble finding homes that fit their budget, more are optimistic about their chances.

Expanding homeownership remains a crucial task, says Dr. Lisa Sturtevant, as the White-Black homeownership gap is even wider now than it was in 1970.

The National Association of Realtors reported the first dip in pending sales since last November as inventory remains tight.

The average 30-year mortgage was up slightly this week, but cooling inflation is a sign that the market is stabilizing, which should prompt declines.

While these trends can bring challenges, understanding local market dynamics can help buyers and sellers be more competitive.

The latest U.S. Census numbers on new home sales illustrate an improving market for homebuilders, especially in the South.

The Case-Shiller data for March showed continuing annual declines in home prices, with stark regional differences.