Economics Mortgage Rates to Remain High Following Federal Reserve’s Recent Decision The benchmark interest rate has been in the 5.25% to 5.5% range since July 2023
Affordability Despite Population Growth, Existing Home Sales in the US Are Comparable to 1978 Levels Home sales are expected to increase over the next few years, but not nearly to the level of the pandemic housing boom in 2021
Housing Markets These Housing Markets Have Experienced the Most Significant Price Shifts Since Their 2022 Peak Cities that saw major upswings in population during 2022 are now seeing home-price corrections
Remodeling More Homeowners Are Choosing to Remodel Existing Homes Rather Than Buying New Moving into 2025, residential remodeling will continue to benefit from a rebounding housing market and stabilizing materials costs
Affordability Hidden Expenses Are Adding to the Housing Affordability Crisis States such as Hawaii and California lead the way with annual hidden-expense costs just below $30,000
Market Data + Trends Homebuying Sentiment Hits Record Low Only 14% of prospective buyers believe it’s a good time to purchase a home
Market Data + Trends The Average Price per Square Foot of a Home in the US Continues to Grow From 2019 to 2024, the average price per square foot grew more than 50%, with some metros seeing even higher increases
Housing Giants 2024 Housing Giants Report—Top 45 Starter-Home Builders These 45 home builder companies lead the nation in starter-home construction in Pro Builder’s 2024 Housing Giants
Demographics Gen Z Ranks Housing Affordability as Biggest Concern Ahead of 2024 Presidential Election While the issue is most important to young voters, 80% of Americans rank housing affordability as a top priority when considering who will have their vote
Affordability Cinnaire Closes $175M Equity Fund to Create or Preserve More Than 1,200 Affordable Homes in the Midwest To date, the nonprofit organization has closed more than $5 billion in tax credits for affordable housing in 10 states