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
January's Mortgage Rate Dip Prompts Some Thawing of the Housing Market
A drop in mortgage rates from recent peaks nudged more homebuyers and sellers into the market, signaling the start of greater supply and demand
New-Home Sales
A Mortgage ‘Lock-In’ Effect Is Driving Up New-Home Demand
Existing homes for sale are dwindling as homeowners hold onto their ultra-low mortgage rates, and with few other options, buyers are turning to the new-home market
New-Home Sales
New-Home Sales Drive Mortgage Demand Despite Rising Rates
New-home sales are causing an uptick in mortgage purchase applications, even as interest rates creep higher
Financing
Mortgage Rates Are Falling, but Not Enough to Motivate Cautious Buyers
Mortgage rates may be stabilizing, but they still aren't low enough to bring stalled buyers back into the for-sale market
Community Development
Lowe's Partners With National Nonprofit to Revitalize Neighborhoods Across US
Lowe's is supporting critical home repairs in underserved communities via a two-year partnership extension with national nonprofit Rebuilding Together
Market Data + Trends
The Fed Just Paused Interest Rate Hikes—What Does That Mean for Home Prices?
The Federal Reserve paused interest rate hikes for the first time in nearly a year last week, but experts say one key factor is still sustaining high home prices
Housing Policy + Finance
The Federal Reserve Is Loosening Its Grip on the Housing Market
The Fed opted not to elevate already high interest rates this month, and experts say that rare break could mean greater housing affordability is on the horizon
Market Data + Trends
Experts Are Confident Housing Inflation Will Soon Fall—Here’s Why
Housing experts predict "with a high a degree of confidence" that shelter inflation, which has been persistently high for months, will drop during the second half of 2023
Financing
98% of Borrowers Have a Below-Market Mortgage Rate They Refuse to Give Up
The majority of U.S. homeowners currently have a below-market mortgage rate, and rather than refinancing, many would-be sellers are backing out of the for-sale market
Market Data + Trends
The Biggest Obstacle for Homebuyers Isn’t Rising Mortgage Rates, Experts Say
Elevated mortgage rates are making homeownership more expensive for prospective buyers, but another housing obstacle is exacerbating the affordability crisis
Financing
Mortgage Purchase Applications Slow, Even as Rates Fall
Mortgage rates dropped by one-tenth of a percentage point at the start of June, but that gradual improvement in housing affordability wasn't enough to lure buyers back to the for-sale market
