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
By the NumbersHome prices, sales off in November amid higher mortgage ratesThe S&P CoreLogic Case-Shiller Index for November showed a monthly drop in home prices as buyers retreated in response to rate hikes, affordability concerns.Linda F. HerseyJanuary 31, 2023
By the NumbersSunshine state irresistible to buyers in 2022A new NAR analysis found that Florida led the way in population growth in 2022, with net migration far exceeding that of runner-up Texas.Dave GallagherJanuary 30, 2023
By the NumbersPending home sales rise as loan rates stabilizeFor the first time since May, the number of homes under contract increased by a small but notable 2.5%, signaling a potential shift in the market.Linda F. HerseyJanuary 27, 2023
By the NumbersInterest rates continue downward trend, but what’s next is unclearThis week's rate of 6.13% is nearing a level where it may create some demand, particularly from first-time homebuyers. Dave GallagherJanuary 26, 2023
By the NumbersMigration hits a new high, with Florida a top destinationNew data from Redfin finds a record percentage of people are looking to move to another metro area, with affordability playing a bigger role.Dave GallagherJanuary 24, 2023
By the NumbersDecember chill could thaw out by spring for a ‘boring’ yearIf mortgage rates continue to decline, we could see a more normal spring selling season, according to a Zillow economist.Dave GallagherJanuary 20, 2023
By the NumbersHome sales down again, but may ‘pick up soon’Existing home sales dipped 1.5% in December, defying predictions for a bigger fall, according to the National Association of Realtors.Linda F. HerseyJanuary 20, 2023
By the NumbersAs interest rates decline, loan activity begins to bounce backThe 30-year fixed-rate mortgage averaged 6.15% this week, the lowest rate since September.Dave GallagherJanuary 19, 2023
By the NumbersBuyers grapple with uncertainty but have reason to be hopefulWary of making a bad decision in a shifting market, buyers are weighing their options — and waiting for prices to fall along with interest rates.Cheryl Reid-SimonsJanuary 18, 2023
By the NumbersA tough start for buyers — and renters — in 2023A new report from ATTOM finds renting is more affordable than owning across most of the U.S., a big change from a year ago.Dave GallagherJanuary 18, 2023
By the NumbersOlder Americans will contribute meaningfully to inventory in 2023While families with school-aged children still account for the most listings, retirees and empty-nesters make up a significant market share.Dave GallagherJanuary 18, 2023
By the NumbersQueen City takes the crown in Zillow's hottest markets for 2023Charlotte, NC, topped the list of hot markets, along with other "relatively affordable" cities clustered in the Eastern U.S.Linda F. HerseyJanuary 12, 2023
By the NumbersRedfin helping buyers understand energy costsThe company has added a feature to its listings that gives buyers an estimate of a home's electricity usage, seasonal changes and cost.Dave GallagherJanuary 12, 2023
By the NumbersMortgage rates dip as inflation slowsFollowing a two-week uptick, the 30-year mortgage rate dropped this week, averaging 6.33% on Jan. 12, down from 6.48% the week before.Dave GallagherJanuary 12, 2023
By the NumbersInventory rising in nearly every major metroA Realtor.com report found the number of homes for sale was up significantly year-over-year in December, but still well below pre-pandemic levels.Dave GallagherJanuary 12, 2023
By the NumbersConsumer confidence in homebuying moves up slightlyFannie Mae’s Home Purchase Sentiment Index edged higher with more consumers saying it is a good time to buy a house.Linda F. HerseyJanuary 9, 2023