As the Housing Market Loses Steam, a Growing Number of Sellers Are Dropping Their Asking Prices
The Fed's most recent mortgage rate hike is putting a damper on home sales, and in order to attract remaining buyers, sellers are increasingly slashing their asking prices
The Nation’s Hottest Housing Markets Are Finally Cooling
Local housing inventories are climbing in some of the nation's most in-demand metros and suburbs, signaling greater affordability and more opportunities for home purchases in the near future
Consumer Confidence Dropped to 16-Month Low in June
Fast-rising inflation is putted increased financial pressure on Americans who are struggling to afford everything from gas to monthly mortgage payments
What's Driving the Recent Spike in Mortgage Rates?
The housing market appears to be cooling down in the wake of surging mortgage rates, but the Fed isn't backing off anytime soon
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Market Data + Trends
Two Years After a Costly Pandemic, the Housing Market Is on the Cusp of Big Change
The current state of the nation's housing market may feel a bit unnerving to priced out buyers, but a recent report from Harvard's Joint Center for Housing Studies also outlines a few key silver linings
NAHB
NAHB Chairman’s Message: Biden Housing Plan Falls Short
While the Biden administration’s Housing Supply Action Plan pushes housing affordability to the top of the nation’s economic agenda, it lacks adequate supply chain solutions and fails to resolve other underlying challenges constraining housing production
Affordability
Rising Mortgage Rates Cripple Homebuyer Confidence
Prospective buyers are pulling out of the housing market in droves following the Fed's most recent rate hikes
Affordability
Monthly Mortgage Payments Outpace Rental Costs Nationwide
Renting is becoming more affordable than buying a home in most metros across the U.S., but that could soon change as the market cools
Affordability
Housing Affordability Dips to 15-Year Low as Mortgage Rates Soar
Housing affordability took another hard hit last week following the Fed's most recent rate hikes
Market Data + Trends
How the Fed’s Most Recent Interest Rate Hike Impacts Homebuyers
Higher rates are pricing out a large share of homebuyers and easing competition for those who can still afford home purchases
Affordability
The Share of Homes With Price Drops Just Reached a Record High
Mortgage rates are at their highest level since 2008, creating a slowdown in home price growth as homebuyer demand softens across the U.S.
New-Home Sales
Homebuyer Demand Is Softening, and Sellers Are Being Forced to Respond
Waning demand from prospective buyers is causing a growing number of sellers to slash their asking prices as the market cools
Market Data + Trends
As the Fed Drives Borrowing Costs Up, Housing Affordability Continues to Plummet
The most recent interest rate hike will price out a large share of prospective homebuyers, but will it be enough to reduce housing costs in overheated markets?
Market Data + Trends
Another Tough Blow for Homebuyers as Interest Rates Surpass 6%
The Federal Reserve sent its rates soaring by 75 basis points earlier this week, subsequently pushing the 30-year fixed mortgage rate beyond the 6% mark
