Metros Where Housing Prices Have Doubled in Less Than 10 Years
Historical data show it's taken less than 10 years for home prices to double in 68 of the country’s 100 largest cities
Even With Inflation Running Hot and Elevated Mortgage Rates, Buyer Demand Rises
Mortgage rates will likely stay high for the next few months, but that doesn't seem to be deterring homebuyers
Q1 2024 Foreclosure Activity Rises Slightly
Data show New York, Houston, and Chicago topping the list of major metros with the greatest number of foreclosure starts during Q1 2024
More Listings, Lower Rates This Week
The market perks up with a recent influx of fresh housing listings, and the week ending March 28 sees a dip in mortgage rates
Mortgage Rates Set to Remain Higher for Longer
After the Fed's announcement on Wednesday that it is holding interest rates steady, homebuyers hoping for lower mortgage rates will have to keep waiting
As Mortgage Rates Dip, Homeowners With High Rates Move to Refinance
A decrease in rates last week prompted a rise in refinancing by homeowners who obtained their mortgages at near-peak rates
Financing
February Listings Received an Average of Four Offers
Buyer competition intensified in February with an average of four offers per home sold last month. The National Association of Realtors says there…
Financing
Mortgage Rates Return to March 2020 Levels
Mortgage rates increased again this week as the market heads into the busy spring season, but it doesn’t appear to be scaring many buyers away,…
Market Data + Trends
Will Rising Mortgage Rates and Home Prices Slow Housing Demand?
Single and multifamily construction starts dropped to the lowest pace since August 2020, which could mean the market will soon reach a turning…
Market Data + Trends
Home Prices, Pending Sales, and Sale-to-List Price Ratio Advance
Housing marketing data for the four-week period ending March 7 reflect a market filled with high demand as median home prices jumped, inventory…
Market Data + Trends
Prospective Buyer Savings Significantly Lower Than Average Down Payment
Down payments are one of the biggest barriers to homeownership, and recent research found 75% of current prospective buyers have saved much less…
Affordability
NAHB Research Finds 40.1 Million Households Cannot Afford $175,000 Home
The National Association of Home Builders’ housing affordability pyramid for 2021 shows the highest priced home households can afford based on…
Financing
Mortgage Rates Exceed 3%, Dropping Refinance Demand
Rates jumped to 3.26% for 30-year fixed-rate mortgages, shrinking the share of borrowers who could benefit from refinancing. As a result, mortgage…
Economics
How Might an Uptick in Mortgage Rates Affect Housing?
For the first time since July 2020, mortgages rates have surpassed 3%, but that’s not likely enough to put an end to strong housing demand, says…
Financing
First-Time Buyers Are Choosing Conventional Over FHA Financing
An increasing number of first-time buyers opted for conventional, conforming loans rather than FHA-insured mortgages in January. Just 24% of first…
Market Data + Trends
Home Prices Jumped Double-Digits in December, Highest Pace Since 2013
Despite being known as the slowest month for the housing market, December home prices advanced 10.4% from 2019 to 2020. This marks the highest…
