By the Numbers

Existing home sales were down more than 28% year-over-year, according to the National Association of Realtors, with the sharpest decline in the West.

The average 30-year fixed-rate mortgage rate was 6.61% on Nov. 17, down nearly half a point from last week, suggesting that inflation may have peaked.

After skyrocketing during the pandemic, rents are now growing at a modest pace — but for many renters, buying a home remains out of reach.

In the face of high interest rates and high home prices, the number of residential mortgages issued has dropped nearly 47% over the past year.

The latest housing market indicators continue to trend slightly against sellers, but buyers are even more hesitant to enter the market.

After years of low inventory, Mike Simonsen of Altos Research expects housing inventory to approach more normal levels by the end of summer 2023.

Affordability challenges are real, but military families can leverage benefits like VA loans to reduce or eliminate their down payment.

A lack of inventory, rising interest rates and inflation are cutting more first-time buyers — especially minority buyers — out of the market.

Inflation numbers were lower than expected in October, with housing prices representing half of the increase, while mortgage rates crept up.

Buyers and sellers of existing homes are sitting on the sidelines while builders try to unload their inventory of newly completed homes.

Buyers and sellers might be struggling to navigate the market, but homeowners are well-positioned to ride out the downturn.

The inventory numbers should be good news for buyers, but affordability, combined with seller hesitancy, means the market is not yet buyer-friendly.

The Federal Reserve raised the key interest rate by .75% Wednesday, the sixth consecutive rate hike this year.

The return of typical seasonal buying patterns could signal a stabilizing market.

For the first time in 25 years, square footage is priciest in suburban areas.

The average 30-year rate crossed the 7% threshold this week, the highest rate since April 2002.

Zillow looked at home values and median household incomes to come up with the 10 most affordable markets in the country.

The latest data from Case-Schiller and FHFA highlights the slowdown's impact on home prices, with the greatest declines in West Coast markets.

A new report from ATTOM indicates profit margins are starting to come down as interest rates rise and home sales slow.

Higher interest rates for home mortgages are continuing to squeeze buyers, but the Fed says their actions are necessary for economic stability.