By the NumbersThe chills continue as mortgage rates keep risingExpect a “more dramatic” seasonal slowdown in home sales as average rates near 8% scare off buyers.Amie FisherOctober 26, 2023
By the NumbersNew home sales climb as prices fallThe median sale price for new homes dropped more than 12% in the last year, while sales shot up, outpacing inventory.AJ LaTraceOctober 25, 2023
By the NumbersFalling rents could help prospective buyers save upRealtor.com's latest rental report found that rent prices across the U.S. dipped in September, continuing a five-month trend.Dave GallagherOctober 23, 2023
By the NumbersMarket Moods: Interest rates aren’t spooking Mid-Atlantic buyersA Bright MLS survey found that for most buyers, high mortgage rates didn't affect their purchase decision, and many said it's gotten easier to find a home.Cheryl Reid-SimonsOctober 20, 2023
By the NumbersRealtor.com and Homes.com neck-and-neck in traffic raceSeptember data from web traffic aggregator Comscore shows Realtor.com in second place and Homes.com coming in a close third.AJ LaTraceOctober 19, 2023
By the NumbersCan buyers overcome the psychological barrier of 8% rates?As mortgage rates continue to hit multi-decade highs, the industry waits to see how much it dries up demand.Dave GallagherOctober 19, 2023
By the NumbersHome sales fall below 4 million for the first time in 13 yearsThe summer sales slump continued through September, marking the seventh month of negative sales movement this year.AJ LaTraceOctober 19, 2023
By the NumbersBuilder confidence declines even as home starts riseRising mortgage rates have hit the construction sector hard, pushing confidence to the lowest level since January despite an uptick in housing starts.Dave Gallagher, AJ LaTraceUpdated October 18, 2023
By the NumbersBucking seasonal trends, home inventory is risingInventory could keep increasing as potential homebuyers ‘hit the brakes’ while mortgage rates remain elevated. Price cuts are also higher than usual.Dave GallagherOctober 17, 2023
By the NumbersForeclosure filings and debt are rising, but no need to panic yetOverall filings remain low but economic stress in the form of increasing credit card debt and depleted savings could push them higher.Dave GallagherOctober 16, 2023
By the NumbersMortgage rates now three times higher than in 2021Economic signals appear to be keeping rates elevated as they climb for a fifth straight week.Dave GallagherOctober 12, 2023
By the NumbersHomebuyers get creative as market sentiment soursMost consumers say it’s a bad time to buy, but for the determined, family members can help them overcome affordability hurdles.Robert DavisOctober 10, 2023
By the Numbers3 ways the pandemic shaped the housing marketGovernment policies and the rise of remote work contributed to declining affordability, but real estate agents have an opportunity to show their value.Austin AlonzoOctober 10, 2023
By the NumbersWhy strong job growth could further dampen home salesThe latest jobs report found that nearly twice as many jobs were added in September as expected, which could lead to even higher interest rates.Dave GallagherOctober 6, 2023
By the Numbers3 top takeaways from the latest appraisal dataThe FHFA's second quarter report found that home values increased the most in states that aren't typically thought of as hot markets.Dave GallagherOctober 5, 2023
By the NumbersAre mortgage rates headed to 8%?The average weekly mortgage rate leapt up again this week, and 8% "does not seem unlikely."Dave GallagherOctober 5, 2023
By the NumbersMortgage rates soar to 23-year highEven as interest rates climb, home prices aren't budging, a combo which may "put the brakes on the housing market."Dave GallagherSeptember 28, 2023
By the NumbersPending home sales slid a staggering 7.1% in AugustThe decline could mark "the beginning of the end of this resilient housing market," according to one economist.AJ LaTraceSeptember 28, 2023
By the NumbersAffordability driving Sun Belt moves, despite climate risksThe latest Redfin migration report found that more home shoppers are looking at lower-cost cities that have seen increasing climate-related dangers.Dave GallagherSeptember 27, 2023
By the NumbersCase-Shiller: Home prices peaked this summerPrices in July topped last year’s high, but slowing demand due to elevated mortgage rates is expected to bring price declines and soften new home sales.Dave GallagherSeptember 26, 2023