Falling Mortgage Rates Are Jump-Starting a Stagnant Housing Market
The 30-year fixed-rate mortgage is down nearly a whole percentage point from its 2022 peak, and that boost in affordability is motivating prospective buyers to make a market comeback
December New-Home Sales Slipped Closer to Pre-Pandemic Levels
New-home sales slowed at the close of 2022 as elevated mortgage rates and home prices chilled a previously red-hot housing market
Fewer Adults Plan to Purchase a Home in 2023
The share of Americans looking to buy a home in the next 12 months fell sharply in the final quarter of 2022 as rising mortgage rates continued to put a dent in housing affordability
Two-Thirds of Americans Expect the Housing Market to Crash, but Experts Say It's Unlikely
A market correction is leading to uncertainty among prospective homebuyers, but despite mounting fears of a 2023 recession, housing experts aren't worried
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New-Home Sales
Uptick in Pending Home Sales Signals Rebounding Buyer Demand at the Start of 2023
Pending home sales are rising for the first time in 14 months as a market correction creates new opportunities for priced-out buyers
Market Data + Trends
Home Builder Sentiment Is Rising for the First Time in Over a Year—Here’s Why
A slight drop in mortgage interest rates is motivating prospective buyers to jump back into the for-sale market, and that new activity is boosting home builder sentiment at the start of 2023
Affordability
As Housing Costs Outpace Income Growth, the Typical U.S. Renter Is Now Rent-Burdened
Renters across the U.S. spend 30% of median income on monthly payments as housing costs continue to reach new highs
New-Home Sales
Majority of Americans Still Prioritizing Homeownership Despite Market Challenges
Millions of Americans are looking to become homeowners in the year ahead, but as mortgage rates continue to climb while home prices remain elevated, not all prospective buyers will be successful
Market Data + Trends
Roughly 92% of Millennial Homebuyers Say Inflation Has Affected Their Purchasing Plans
Millennials are entering their prime homebuying years during one of the housing market's most volatile periods in history, but many are forging ahead anyway
Demographics
Single Women Are More Likely to Be Homeowners Than Single Men in 48 States
Single women own nearly 2.5 million more homes than single men and are more likely to be homeowners in 48 states across the U.S.
Market Data + Trends
Homeownership Survey Results: Adapt Your Strategy for Shifting Consumer Sentiment
A recent survey about homeownership finds that while consumers believe in homeownership, many think now is not the right time to buy
New-Home Sales
These Are the Biggest Regrets Among Mid-Pandemic Homebuyers
A number of buyers who purchased homes during the COVID-19 pandemic were forced to raise their budgets and make sacrifices to beat out the competition, and many now regret their decisions
Affordability
As Starter Home Prices Soar, the Luxury Market Is Cooling
While first-time buyers confront a historically low supply of starter homes and surging housing costs, luxury real estate is cooling at its fastest clip in years
Market Data + Trends
Existing Home Sales Declined for 11th Consecutive Month in December
As soaring home prices continued their longest streak on record, existing home sales slowed for the 11th month in a row in December 2022