By the Numbers

A year ago, many economists forecast that rates would fall within the 5-6% range by the end of 2023, but the economy didn’t behave as expected.

Nashville, which offers a mix of relatively affordable home prices and a low cost of living, made it back onto Redfin’s latest migration destination list.

Forecasts from Realtor.com and Bright MLS offer varying degrees of optimism, with a split on inventory and an eye on wild cards like inflation and the election.

The 5.5% increase for 2024 “seems like a pretty good indication,” that the Federal Housing Finance Agency expects home prices to keep increasing.

A collection of reports show that high mortgage rates weren’t enough to dampen price increases as demand continues to outpace supply.

Despite robust demand, prices continue to drop. It’s all about elevated interest rates, and builders’ response as affordability remains a struggle.

Applications increased as 30-year fixed-rate mortgages declined for a fourth straight week.

October home sales slid 4.1%, representing the steepest single-month decline in 2023 so far.

Building permits and housing starts rose modestly between September and October, suggesting that more supply could be coming online in future months.

As rates decline for a third straight week, mortgage applications have risen, suggesting the possibility of a jump in year-end home sales.

NAR economist expects to see a double-digit rise in both existing and new home sales next year.

Buyers are in a better position this fall as supply increases and home prices level off in the Lone Star State's largest city.

NAR’s annual Profile of Home Buyers and Sellers found that down payments increased as more people saved up by living with friends or family before purchasing.

Mortgage rates took a dive this week, experiencing the largest one-week decline in a year.

The pace of jobs and wages slowed in October, which may reduce inflation and potentially knock down mortgage rates in time for the spring selling season.

After steadily climbing this fall, average rates — which have been hovering near 8% — inched down this week, but continued fluctuations are likely.

The latest Case-Shiller Index found that home prices continued to rise for a seventh straight month despite high mortgage rates.

A Point2 analysis says California is all tricks and no treats for homebuyers facing the bogeymen of high prices, low inventory and rising mortgage rates.

Many of today’s challenges are throwbacks to what consumers and the industry faced four decades ago.

After big declines in August, sales recovered slightly, but “pending contracts remain at historically low levels,” NAR Chief Economist Lawrence Yun noted.