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Financing

What the Fed’s Most Recent Rate Hike Means for Homebuyers—Good and Bad News

The 30-year fixed-rate mortgage just surpassed 6%, and while pricier borrowing costs will push homeownership out of reach for some would-be buyers, others will benefit from less competition and more bargaining power 

New-Home Sales

Luxury Home Sales See Biggest Drop on Record Due to Rising Interest Rates

Luxury buyers are pressing pause on high-end home purchases after the most recent interest rate hike, which will make monthly payments thousands of dollars more expensive for million-dollar properties

Affordability

Mortgage Volatility Poses Extended Challenges for Buyers and Homeowners

For two years, buyers and homeowners have been rocked by historic home price increases and rising mortgage rates, and a worsening affordability crisis may still be far from over

Housing Markets

A Record Share of Buyers Are Relocating for Affordability—Here’s Where They’re Going

As the cost of living soars in coastal job centers, homebuyers are migrating in mass numbers to these affordable metros

Housing Markets

As Home-Price Correction Spreads, These Housing Markets See Biggest Changes

After months of rising mortgage rates and slower sales activity, these overheated housing markets are seeing the most significant price reductions

Financing

Why the ‘Lock-in’ Effect Is Prompting Homeowners to Stay Put

New listings are falling across the U.S. as homeowners refuse to sacrifice their low interest rates for new homes with more expensive housing costs

Market Data + Trends

Zillow’s 2022 Consumer Housing Trends Report Reveals New Challenges for Today’s Buyers

Buying a home looks a lot different today than it did prior to the COVID-19 pandemic, but despite new obstacles for today's buyers, some consumer trends have remained the same

New-Home Sales

Home Sellers Are Retreating as Higher Mortgage Rates Price Out Prospective Buyers

Mortgage rates surged to 6% at the end of August, and as a growing number of homebuyers back away from the for-sale market, home sellers are following suit

Market Data + Trends

Housing Experts Forecast Falling Home Prices in the Next Phase of a Market Correction

Housing experts warn that the second stage of a market correction could be underway. Here's what that means for prospective buyers

New-Home Sales

All-Cash Purchases Made Up One-Third of Home Sales in July

The share of U.S. homes bought with all cash is still above pre-pandemic levels after a surge in all-cash purchases during a two-year housing boom

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