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
Market Data + Trends
Mortgage Rates Reach 22-Year High, but Economists Are Optimistic
The 30-year fixed-rate mortgage reached a 22-year high last week, but market economists say a "glimmer of optimism" lingers on the horizon
Affordability
Mortgage Demand Falls to 28-Year Low
Rising interest rates are causing a growing number of prospective buyers to think twice about buying
Housing Markets
First-Time Buyers Are Really Feeling the Pinch
Starter homes are becoming both harder to find and harder to afford, particularly in these local markets
Economics
Inflation Is Still Rising. Will Mortgage Rates Follow?
While measures of inflation posted a small gain in July, experts say that monthly increase won't necessarily translate to more rate hikes in the housing market
Financing
Mortgage Activity Decreases for Third Consecutive Week as Rates Rise
The average 30-year, fixed-rate mortgage is back into the 7% range, causing purchasing and refinancing activity to drop for the third week in a row
Financials
Record High House Prices Are Boosting Home Equity Levels
While buyers struggle to stay afloat amid soaring home prices in the for-sale market, today's homeowners are reaping the benefits of record appreciation
Financing
The Share of New-Home Sales Backed by FHA Loans Is on the Rise
A rampant housing affordability crisis is leading to an increase in new-home sales financed with government-backed mortgages
Financing
Mortgage Rates Surpass 7% Ahead of Seasonal Soft Window
Rising mortgage rates could set the stage for significant price declines ahead of a typically slow season for homebuying
Financing
More Than 80% Of Americans Feel ‘Locked-In’ by Their Low-Rate Mortgages
Homeowners who moved or refinanced during the COVID-19 pandemic have mortgages with interest rates below 4%, and rather than relocating and losing that low rate, many are staying put
Financing
High Mortgage Rates Are Keeping Home Sellers at Bay, but for How Much Longer?
How low must mortgage rates go before home sellers make their way back into the housing market?
