Affordability

Why did NAR Chief Economist Lawrence Yun state that "the Federal Reserve simply cannot keep raising interest rates”? Check out the latest housing market data breakdown from the Existing-Home Sales Report.

“Incoming data shows that the construction of new homes rebounded in September, but as rates keep rising, home builders appear to be losing confidence,” said Freddie Mac Chief Economist Sam Khater. Check out the data and further insights after the link.

As record-high mortgage rates continue to hinder potential homebuyers nationwide, new home purchase activity weakened in September, according to the MBA's Builder Application Survey.

As home seller profits continue to rise, profit margins on typical home sales also increased nationwide, while the median U.S. home price surged to a new all-time high in Q3, according to ATTOM's 2023 U.S. Home Sales Report. Read the latest to find out why “any predictions of an extended market fallback may have been premature.”

FHFA Director Sandra L. Thompson noted, "Today's announcement exemplifies our commitment to developing a more efficient and equitable valuation system that supports liquid and sustainable housing finance."

While U.S. mortgage rates sit at an all-time high, a new report from Real Estate Witch revealed that while Americans grapple with housing affordability, an estimated 63% of homebuyers would offer below-market value for a haunted home. Click here to see more.

As mortgage rates drive upward for the sixth consecutive week, overall application volume fell after a week of rebounding, falling to levels last seen 28 years ago.

While elevated housing costs continue to hinder homebuyers and renters nationwide, a new study from Apartment List revealed that the share of American renters who are cost-burdened has risen to the highest level since 2012, according to recent Census data.

“In a homebuyer’s ideal world, rising mortgage rates would push demand and home prices down enough to make up for high interest payments. But that’s not what’s happening now,” said Redfin Economics Research Lead Chen Zhao.

Zillow's 2024 hottest home trends list reveals which home features are becoming more popular, and which are going out of style. Where do homebuyers stand on Brutalist architecture and sensory gardens? There’s only one way to find out.