By the NumbersPending home sales show biggest gain since 2020NAR's monthly report found that as mortgage rates declined in January, pending home sales moved upward.Linda F. HerseyFebruary 27, 2023
By the NumbersValues of Black-owned homes rose the fastest during the pandemicRelative to overall home values, Black home values fared well in recent years according to Zillow data. But the racial homeownership gap remains wide.Dave GallagherFebruary 25, 2023
By the NumbersHome values have dropped from 2022 peak, opening doors for buyersA new Redfin report found the total value of U.S. homes has dropped $2.3 trillion since June 2022, with the biggest declines in the San Francisco Bay Area.Dave GallagherFebruary 24, 2023
By the NumbersHigher mortgage rates could mean a 'nobody's market' this spring Mortgage interest rates climbed again this week, with the daily rate approach levels not seen since November.Dave GallagherFebruary 23, 2023
By the NumbersLower mortgage insurance premiums to reduce costs for first-time buyersThe government announced a plan to cut mortgage insurance rates by 0.3 percentage points, which could save eligible homeowners an average of $800 a year.Dave GallagherFebruary 22, 2023
By the NumbersU.S. home sales drop for the 12th straight monthSales of existing homes fell again in January, but the slower rate of declines suggests the market is "bottoming out."Linda F. HerseyFebruary 21, 2023
By the NumbersSpring outlook still cloudy, but economists are cautiously optimisticAn upward trend in mortgage rates, after weeks of declines, has raised concerns about whether buyers will return. But pent-up demand may push them to act.Dave GallagherFebruary 18, 2023
By the NumbersReal estate investors sat out the fourth quarterA recent report found a record drop investor purchases as interest rates rose and prices began to decline.Dave GallagherFebruary 17, 2023
By the NumbersMortgage rates move in the wrong direction for would-be buyersInterest rates are up for the second week in a row, and signs point to further bumps. This could put a damper on the spring selling season.Dave GallagherFebruary 16, 2023
By the NumbersForeclosures creating ripples, but not wavesThe number of distressed properties remains well below pre-pandemic levels, thanks to a strong job market and federal moratoriums, but they're creeping up.Dave GallagherFebruary 16, 2023
By the NumbersMost metros still seeing annual price gainsNAR's quarterly home price report found that prices were up year-over-year in nearly 90% of major metros, though the pace of appreciation has slowed. Linda F. HerseyFebruary 9, 2023
By the NumbersMortgage rates up slightly following jobs report, Fed rate hikeVolatility may be the norm for the near future, but mortgage interest rates remain down significantly from their November peak.Dave GallagherFebruary 9, 2023
By the NumbersHousing Market Decoded: Have mortgage rates peaked?Zillow Chief Economist Skylar Olsen looks at the state of mortgage rates and ways agents can help buyers and sellers in this rebalancing cycle.Skylar OlsenFebruary 8, 2023
By the NumbersHome appreciation slows to lowest level in more than 2 yearsCoreLogic’s latest home price index shows year-over-year home appreciation of 6.9%, the lowest rate since late summer of 2020.Dave GallagherFebruary 7, 2023
By the NumbersTrends 2023: Where movers are going and what they wantNearly half of movers are moving for “housing-related reasons” such as a transition from owning to renting. The South and West are popular destinations.T3 SixtyFebruary 6, 2023
By the NumbersPositive jobs report may mean prolonged inflation, high interest ratesWith the latest jobs numbers, the unemployment rate is at its lowest level in more than 50 years. It's good news for workers, but could spell more rate hikes.Dave GallagherFebruary 3, 2023
By the NumbersMortgage interest rates inch closer to 6%Compared to November's peak, today's rates could allow millions of additional buyers to afford a home.Dave GallagherFebruary 2, 2023
By the NumbersWill your market favor buyers or sellers this year? Yes, no or maybeThe Knock Buyer-Seller Market Index forecasts that many markets will shift to neutral or buyers market territory by late summer or early fall.Dave GallagherFebruary 2, 2023
By the NumbersInventory is up, but the pace of sales remains slowThe latest monthly report from Realtor.com offers a familiar refrain: The market is sluggish, due in large part to affordability.Dave GallagherFebruary 2, 2023
By the NumbersAs expected, the Fed raises rates for the 8th time since MarchThe latest rate hike of a quarter point is the smallest increase since rates began their steady climb last spring.Linda F. HerseyFebruary 1, 2023