By the Numbers

The percentage of below-median income households that own a home has climbed significantly, hitting 53% in the first quarter of 2023.

This week, the Dallas City Council voted to ban short-term rentals from residential zones, with no exceptions for existing STRs.

The 30-year fixed-rate mortgage averaged 6.69% this week in the Freddie Mac Survey, down just a hair from last week’s 6.71%.

A Redfin report found that nearly 60% of homeowners with mortgages have lived in their home for 4 years or less, and almost all have low interest rates.

After 10 consecutive rate hikes, the Federal Reserve announced at today's meeting that it would hold rates steady.

Inflation rose only slightly in May to an annual rate of 4%, down significantly from its peak of more than 9% last summer.

Home values are up, and so are bidding wars, according to the latest Zillow market data.

A World Wealth Report found that the number of millionaires fell by 800,000 in one year, but real estate has been a fairly resilient asset.

Most consumers think it's a bad time to buy, and many expect rates to rise — but nearly a fifth of adults still plan to buy a home in the next 12 months.

Renters in many markets can no longer afford to make the leap to homeownership, but an increase in build-to-rent inventory could help ease pressure.

The 30-year fixed-rate mortgage averaged 6.71% this week, the first drop in nearly a month.

Home equity dipped last quarter for the first time in a decade, but big gains in recent years have kept most homeowners squarely in the black.

CoreLogic reported that national home price growth slowed to just 2% year over year in April, but gains (and losses) varied locally.

Black Knight reports that recent borrowers had higher credit scores and larger down payments, suggesting that lenders have tightened their standards.

As part of the government debt-ceiling deal, student loan payments that had been paused for the past three years will resume at the end of August.

Midwest and Sunbelt markets continue to attract home shoppers, but affordability is precarious, especially in Florida as insurance rates rise.

Housing supply has not kept up with demand, but building more units in existing residential neighborhoods could be part of the solution.

The 30-year fixed-rate mortgage surged by nearly a quarter point this week to reach the highest level since November.

A report from ATTOM found that elevated interest rates put a freeze on residential mortgages, refis and HELOCs in the first quarter of 2023.

With so many factors pushing and pulling on the economy right now, there is little consensus on whether prices will rise or fall in the coming year.