By the NumbersNew homes shrink as costs of buying growThe median square footage for a home under construction — now 2,191 — has hit its lowest point since 2010.Dave GallagherAugust 21, 2023
By the NumbersMortgage interest rates hit highest level in more than 20 yearsAfter a fourth week of increases, average rates reached 7.09% this week, passing last fall's peak.Dave GallagherAugust 17, 2023
By the NumbersBuilder confidence slides as mortgage rates climb back to 7%After seven consecutive months of improving confidence, homebuilders were feeling less optimistic in August.AJ LaTraceAugust 16, 2023
By the NumbersUpward mobility isn’t cheap for U.S. homebuyersA new report from Redfin found that homes in high-opportunity neighborhoods sold for nearly 40% more than homes in low-opportunity neighborhoods.Dave GallagherAugust 14, 2023
By the NumbersNearly 60% of major metros saw home prices rise last quarterMany of the biggest annual price gains were in the Midwest, with Fond du Lac, Wisconsin, leading the way with a 25.3% gain.AJ LaTraceAugust 10, 2023
By the NumbersMortgage rates return to peak levels, inflation ticks upAverage rates reached 6.96% again after rising three weeks in a row, and after falling last month, inflation crept back up.Dave GallagherAugust 10, 2023
By the NumbersRecord-high home prices are back in many metrosA new Black Knight report reveals major gains in the Midwest and Northeast, signals an end to the U.S. housing correction.AJ LaTraceAugust 7, 2023
By the NumbersDemand for land is hot, hot, hotMore than half of the land brokers in a recent survey said the national land market is “hot” or “on fire.”AJ LaTraceAugust 7, 2023
By the NumbersMore listing opportunities may be on the horizonNearly a quarter of homeowners are considering selling in the next 3 years, according to a Zillow survey — a significant increase over prior surveys. AJ LaTraceAugust 4, 2023
By the NumbersMortgage rates approach 7% following U.S. rating downgradeFreddie Mac put the average 30-year fixed-rate mortgage at 6.9% this week, just below the peak seen in mid-July.Dave GallagherAugust 3, 2023
By the NumbersAs buyers move farther away, agents need to be ready for themNAR’s midyear forecast touched on a variety of trends, highlighting increased moving distances as a notable recent change.Dave GallagherAugust 2, 2023
By the NumbersHELOCs now a riskier proposition for investorsHigh interest rates and economic uncertainty have made home equity lines of credit costlier and more precarious.AJ LaTraceAugust 1, 2023
By the NumbersLuxury market split: West Coast prices drop, East Coast upNationwide, luxury home prices are still on the rise, but several Western cities have experienced double-digit declines in the past year.Dave GallagherJuly 31, 2023
By the NumbersWhere buyers can live large without breaking the bankNashville tops the list of cities with "just right" homes with ample square footage and big yards near urban centers.Cheryl Reid-SimonsJuly 28, 2023
By the NumbersMortgage rates move closer to 7%The 30-year fixed-rate mortgage rose to 6.81% this week as the Fed raised its benchmark rate to the highest level since 2001.Dave GallagherJuly 27, 2023
By the NumbersPending home sales ticked up in JuneThe 0.3% gain is the first increase in four months, NAR reported, suggesting that “the housing recession is over.”AJ LaTraceJuly 27, 2023
By the NumbersHome equity reaches a 4-year highThe percentage of equity-rich homes hit 49% in the second quarter, rebounding after a decline earlier in the year.Dave GallagherJuly 26, 2023
By the NumbersAfter pausing in June, the Fed hikes rates againThe benchmark rate is now in the 5.25-5.5% range, the highest level in 22 years.Dave GallagherJuly 26, 2023
By the NumbersNew home sales dipped in June but are well above levels from a year agoPrices also fell slightly, nearly closing the gap between new and existing home prices.AJ LaTraceJuly 26, 2023
By the NumbersHome prices rise 4 months in a rowThe Case-Shiller index for May shows steady home price growth since January and a slight dip compared to this time last year.AJ LaTraceJuly 25, 2023