By the NumbersMortgage rates back up after 4 weeks of declinesWith average rates approaching 7%, it’s still a tough housing market — but there are signs it may be easing.Dave GallagherJuly 3, 2024
By the NumbersLittle chance of an inventory explosion this yearATTOM’s midyear review looks at where housing supply is headed along with what to expect with home prices and foreclosures.Dave GallagherJuly 1, 2024
By the NumbersThe housing market is 'stuck' — maybe for a whileWhile interest rates continue to edge down, sales have not picked up heading into summer: “This will take many years to work itself out.”Dave GallagherJune 27, 2024
By the NumbersNew home sales plummet, but prices barely budgeMay sales were well below April numbers and down 16.5% year-over-year, a sign that builder incentives may not be enough to overcome high rates and prices.Dave GallagherJune 26, 2024
By the NumbersHome prices soar even as sales, construction slowThe median sale price for existing homes hit a record $419,300 in May, NAR reported, but home sales were lackluster and new construction has cooled.AJ LaTraceJune 21, 2024
By the NumbersBuyers get a slight reprieve as rates fall, sellers cut pricesThere could be a window of opportunity for would-be buyers as mortgage rates continue to ease and homes sit on the market longer, prompting price cuts.AJ LaTraceJune 20, 2024
By the NumbersHousing Market Decoded: Why is inflation so sticky?It’s all about housing, which has an outsized effect on the Consumer Price Index — and is contributing to the Fed’s lack of action on interest rates.Lisa SturtevantJune 19, 2024
By the Numbers3 regions top the list of markets most at risk for a slowdown ATTOM researchers found that counties around Chicago and NYC, as well as several in inland California, would be the most vulnerable in a housing downturn.AJ LaTraceJune 17, 2024
By the NumbersMortgage rates decline for a second week, boosting applicationsBuyers have more inventory to choose from, but the uptick in demand could be short-lived as the lock-in effect and price growth continue to stymie sales.Dave GallagherJune 13, 2024
By the NumbersOnly one rate cut is coming in 2024The Federal Reserve left rates unchanged despite some easing of inflation, but signaled that more cuts are likely next year.Dave GallagherJune 12, 2024
By the NumbersThe state of mortgage rates depends on which state you're inA new survey of lenders reveals a 38 basis point difference between mortgage rates by state, which can mean hundreds of dollars a year for borrowers.Stephanie Reid-SimonsJune 11, 2024
By the Numbers‘Frustration’ a theme as homebuyer sentiment cratersFannie Mae’s sentiment index hit a new low in May, with only 14% saying now is a good time to buy a home, but sales activity is expected to increase.Stephanie Reid-SimonsJune 7, 2024
By the NumbersUS homeowners saw equity soar to near-record highsAccording to a new CoreLogic report, the typical homeowner saw their home equity increase by $28,000 over the past year. AJ LaTraceJune 7, 2024
By the NumbersMortgage rates dip below 7%, but market is still ‘bittersweet’Despite an increase in supply, affordability continues to keep many buyers on the sidelines, and rates aren’t expected to fall significantly this year.Dave GallagherJune 6, 2024
By the NumbersSquare footage has gotten awfully expensiveA new report from Realtor.com reveals a massive increase in price per square foot over the past five years.Stephanie Reid-SimonsJune 5, 2024
By the NumbersHousing affordability is a top election issue for young voters91% of Gen Zers in a recent survey said the cost of housing will play into who they vote for in November’s presidential election.AJ LaTraceJune 4, 2024
By the NumbersMore sellers are cutting prices as home sales slowThe share of homes with price drops reached an 18-month high as sellers try to jumpstart buyer interest in stale listings, Redfin reported.Amie FisherMay 31, 2024
By the NumbersPending home sales slump as mortgage rates riseAfter dipping below 7% last week, interest rates ticked back up, while pending sales hit a four-year low.AJ LaTraceMay 30, 2024
By the NumbersHome prices continue to reach new highsThe latest Case-Shiller index reported another record high, with U.S. home prices increasing 6.5% year-over-year in March.AJ LaTraceMay 28, 2024
By the NumbersMortgage rates fall below 7% for the first time in 6 weeksBuyers may be able to take advantage of lower rates and increasing inventory, but many are still priced out, dampening sales.Dave GallagherMay 23, 2024