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
Yield Giving Organization Donates $10 Million for Affordable Housing
MacKenzie Scott's philanthropic organization, Yield Giving, is providing D.C.-based National Housing Trust with a onetime donation of $10 million to support affordable housing development
Financing
No Relief for Summer Buyers as the Rate Hike Saga Continues
The Federal Reserve continues to raise its rates amid stubborn inflation in the U.S. economy, and the housing market is suffering the consequences
Market Data + Trends
Why One Expert Says a Decade-Long Home Price Rally Could Be Coming to an End
After more than 10 years of steady home price increases, the Federal Reserve could soon reset the U.S. housing market
Market Data + Trends
Fannie Mae Raises Its Forecasts for Single-Family Housing Starts and Mortgage Originations
Fannie Mae upgraded its single-family housing starts forecast for 2023 by 72,000 units and its 2023 forecast for mortgage originations from $1.59 trillion to $1.62 trillion
Financing
One Way to Help Vulnerable Borrowers Sustain Homeownership
Mortgage reserve accounts offer one option for helping preserve homeownership and make mortgage outcomes more equitable
Financing
How Many US Homeowners Actually Have Low Mortgage Rates?
Mortgage rates are high right now, but just one-tenth of existing mortgages have an interest rate above 6%, and that imbalance has significant ramifications for the housing market
Financing
What Does the Bond Market Have to Do With Housing Affordability Right Now?
Even as the Federal Reserve nears the end of its interest-rate hikes, it looks like homebuyers’ economic challenges in affording a home may not ease
Financing
Foreclosure Activity Across the US Rises Toward Pre-Pandemic Levels
A new report shows the number of foreclosure is up, with Maryland and Delaware leading with the highest rates
Affordability
Home Prices Reached a Record High in May Despite Surging Rates
Elevated mortgage rates may be slowing home sales and cooling the for-sale market, but they're also limiting housing inventory, which is sending prices to new highs
Financing
Mortgage Rates Just Reached Their Highest Average of the Year
The Federal Reserve isn't backing down in its efforts to tame persistent inflation, and the housing market is its No. 1 target