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
By the NumbersFlorida and Texas markets are slowly regaining some balanceAfter heating way up over the past few years, prices and inventory in two of the most populous states are showing signs of stabilizing.AJ LaTraceJuly 24, 2023
By the NumbersThe latest housing trend: Permanent vacationsMore people are moving closer to beaches and further from urban centers to places with city amenities and lower housing costs, according to a new report.Cheryl Reid-SimonsJuly 23, 2023
By the NumbersHousing Market Decoded: Don't expect price drops... yetA correction doesn't seem likely this year, but things could improve in 2024 if mortgage rates settle around 5%, says economist Matthew Gardner.Matthew GardnerJuly 21, 2023
By the NumbersExisting home sales are down, prices are way upNAR reported that existing home sales fell in June and dropped nearly 19% year-over-year. But median sale prices reached a near-record high.AJ LaTraceJuly 20, 2023
By the NumbersMortgage rates post biggest weekly drop in 3 monthsThe 30-year fixed-rate mortgage averaged 6.78% this week, down from nearly 7% a week before, suggesting that cooling inflation is having an effect.Dave GallagherJuly 20, 2023
By the NumbersIt’s a tough market — but a profitable one for sellersThe latest ATTOM home sale report found that second-quarter profit margins rose for the first time in a year.Dave GallagherJuly 20, 2023
By the NumbersBuilder confidence is up as more buyers opt for new homesWhile rising interest rates have slowed the rate of increase, confidence is at its highest level in more than a year.Dave GallagherJuly 18, 2023
By the NumbersForeclosures trending up but well below crisis levelsMore than 185,000 properties had foreclosure activity in the first half of 2023, up 13% from last year.Dave GallagherJuly 18, 2023
By the NumbersMortgage rates surge even as inflation fallsMortgage rates jumped for the third week in a row and are hovering near 7%, but lower-than-expected inflation could mean the economy is normalizing.Amie FisherJuly 13, 2023
By the NumbersCould home prices and interest rates both fall?Morningstar has made a bold prediction about where mortgage rates and home prices are headed, but for now, prices are still rising.AJ LaTraceJuly 11, 2023
By the NumbersBringing back the dream for California’s first-time buyersThe state’s "Dream for All" down payment assistance program has received more funding after quickly running out of money earlier this year.Dave GallagherJuly 11, 2023
By the NumbersHomes selling above ask, but will reluctant sellers list?It's been nearly a year since the average home sold for more than its list price, but it may not be enough to spark a wave of inventory.AJ LaTraceJuly 8, 2023
By the NumbersSlow job growth could signal an economic shiftA lackluster June jobs report suggests the Fed’s aggressive fight against inflation may finally be working, which could influence future rate hikes.AJ LaTraceJuly 7, 2023
By the NumbersMortgage rates reach a new high for 2023At 6.81%, the weekly average for a 30-year fixed-rate mortgage is the highest level seen since last fall, when rates spiked above 7%.Dave GallagherJuly 6, 2023