By the Numbers

Inventory levels aren't following their typical pattern, reversing predictions for the second half of the year.

NAR's Pending Home Sales Index for May showed national declines but significant gains in the Northeast.

The 30-year fixed-rate mortgage averaged 6.71% this week, snapping three straight weeks of declines.

New home sales are up 20% year-over-year, according to the U.S. Census Bureau, and lower median prices could help first-time buyers.

The latest Case-Shiller Index found that after falling in the second half of 2022, home prices have been trending up since January.

State Senator Scott Wiener blames California's housing woes on decades of "terrible policy decisions," but he says legislation can help turn things around.

Harvard's annual housing report found little change in the racial homeownership gap as prices rise and supply stagnates, but federal programs may help.

Numbers are still far below where they were a year ago, and inventory gains are largely due to the "abundant" supply of newly constructed homes.

Rates dipped only slightly this week in Freddie Mac's survey, inching down from 6.69% to 6.67%.

Realtor.com previously predicted home prices would rise 5.4% by the end of 2023 but now expects a 0.6% decline.

Single-family housing starts hit an annualized rate of 997,000 in May, up significantly from earlier this spring but still down year-over-year.

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.