By the Numbers

Rising mortgage rates have hit the construction sector hard, pushing confidence to the lowest level since January despite an uptick in housing starts.

Inventory could keep increasing as potential homebuyers ‘hit the brakes’ while mortgage rates remain elevated. Price cuts are also higher than usual.

Overall filings remain low but economic stress in the form of increasing credit card debt and depleted savings could push them higher.

Economic signals appear to be keeping rates elevated as they climb for a fifth straight week.

Most consumers say it’s a bad time to buy, but for the determined, family members can help them overcome affordability hurdles.

Government policies and the rise of remote work contributed to declining affordability, but real estate agents have an opportunity to show their value.

The latest jobs report found that nearly twice as many jobs were added in September as expected, which could lead to even higher interest rates.

The FHFA's second quarter report found that home values increased the most in states that aren't typically thought of as hot markets.

The average weekly mortgage rate leapt up again this week, and 8% "does not seem unlikely."

Even as interest rates climb, home prices aren't budging, a combo which may "put the brakes on the housing market."

The decline could mark "the beginning of the end of this resilient housing market," according to one economist.

The latest Redfin migration report found that more home shoppers are looking at lower-cost cities that have seen increasing climate-related dangers.

Prices in July topped last year’s high, but slowing demand due to elevated mortgage rates is expected to bring price declines and soften new home sales.

Sales dipped in August but have been relatively stable on average — though well below last year's levels, reflecting high prices and limited supply.

Rates inched up this week, and with Fed signals that interest rates will remain “higher for longer,” buyers may continue to face tough options.

Forget the spring and summer rush — home shoppers will have better luck making a deal during the first week of October, according to Realtor.com.

The Fed did not boost interest rates at its September meeting but warned that one more hike is likely this year.

The multifamily sector saw the largest monthly declines, but single-family starts were also sluggish as mortgage rates remained high.

Canceled deals impacted nearly 16% of homes under contract in August as elevated interest rates and home prices led to sticker shock for some buyers.

With inflation proving tough to tame, 7% mortgages may be the norm for a while.