By the Numbers

Rates dropped to 6.42% this week, down significantly from 6.73% just two weeks ago, which could give buyers a window to act.

The Federal Reserve increased its benchmark rate by a quarter point, which is likely to influence mortgage rates and slow homebuying activity this spring.

NAR reported a big jump in existing home sales from January to February, though sales and prices are down compared to a year ago.

Zillow research found that homes with the smallest footprints have seen a higher rate of price growth and an annual decline in inventory.

In a new report, the outdoor projects that rank highest on the "joy scale" tend to have lower recovery costs, suggesting that ROI isn't always a top concern.

In the wake of turbulence in the banking sector, the 30-year fixed-rate mortgage fell to 6.6%, down from 6.73% a week ago.

A CoreLogic report found that average home equity rose more than 7% in 2022 — a small gain relative to the big jump seen in 2021, but still above average.

With the value of its residential real estate surpassing $3.6 trillion, Florida edged out New York but trails California among markets with the top home values.

Relocation picked up in 2022, with buyers seeking out more affordable homes in Florida, Texas and California.

Freddie Mac’s weekly survey reported yet another jump in the average 30-year mortgage rate, which is approaching its 2022 peak.

Housing completions went up in 2021, but builders tapped the brakes in 2022. At the same time, more households formed, leading to an ongoing shortage.

After maxing out in June, the percentage of million-dollar homes fell and is nearly flat year-over-year. In pricey markets, the declines were more pronounced.

Newly built homes continue to lose square footage. But agents see an upside for buyers seeking more affordable options.

As the housing stock ages, agents should educate themselves about the features and occasional pitfalls of older homes.

Rates inched up again this week, adding to affordability challenges ahead of the spring shopping season.

Realtor.com's monthly market report shows six straight months of increasing inventory.

A new report by the Dallas Federal Reserve said that "frothiness" in the real estate marketplace could lead to a "deep global housing slide."

The Case-Shiller and FHFA housing indices for December showed further cooling of home prices in all metros.

NAR's monthly report found that as mortgage rates declined in January, pending home sales moved upward.

Relative to overall home values, Black home values fared well in recent years according to Zillow data. But the racial homeownership gap remains wide.