By the Numbers

Economists have offered their take on the year ahead, but what about the on-the-ground perspective? See what Compass agents expect to see in 2023.

Single-family home sales rose by nearly 6% in November over the previous month. But the number was far below 2021.

Freddie Mac reported another small drop in mortgage rates, with the 30-year fixed-rate mortgage now at 6.27% after six weeks of declines.

The National Association of Realtors reported that existing home sales were off by more than 7% from October and 35.4% year-over-year.

The ATTOM/Altos Research Housing Market Outlook expects interest rates to remain elevated, leading to price drops of around 5% and a mild recession.

The National Association of Home Builders’ survey showed confidence dropped for the 12th straight month in December, but things may be leveling out.

Florida was the big winner in a newly released dataset from the FHFA showing quarterly and annual appraisal values for the top 100 U.S. metros.

Since peaking in the spring, condominium prices have fallen 4.4% nationally, while single-family prices fell 8.6%.

Despite the Fed's half-point rate increase on Wednesday, the mortgage market continues to see declining rates, dropping to 6.31% today.

With inflation showing early signs of cooling, the Fed announced a half-point rate increase — a quarter point less than its last four hikes.

A recent survey by Point found that 90% of homeowners who'd like to move in 2023 think it would be too costly.

NAR's Lawrence Yun and a panel of four other economists agreed that a crash was unlikely, but discussed both new and chronic issues affecting the market.

The number of homes for sale jumped a record 15% year-over-year, but mortgage rates will dictate affordability and buyer interest.

The average rate for a 30-year mortgage was 6.33% this week. It’s now the fourth consecutive week of rate drops.

ATTOM's monthly Foreclosure Market Report found filings were up 57% year-over-years still but well below pre-pandemic levels.

Wichita was No. 1 among the 10 best metros for first-time buyers, offering a mix of affordable homes, good inventory and a higher share of price cuts.

Redfin economists offer up 12 predictions for the year ahead and foresee a challenging real estate market for agents and brokers.

Redfin reports that 2% of U.S. homes were delisted each week during the past three months. In recent years the peak was around 1.6%.

The mortgage rate averaged 6.49% this week, according to Freddie Mac. That’s down from over 7% just a few weeks ago.

A new ATTOM report looked at affordability, foreclosures and other factors to determine the most and least vulnerable housing markets among nearly 600 counties.