Financing February Listings Received an Average of Four Offers Buyer competition intensified in February with an average of four offers per home sold last month. The National Association of Realtors says...
Financing Mortgage Rates Return to March 2020 Levels Mortgage rates increased again this week as the market heads into the busy spring season, but it doesn’t appear to be scaring many buyers...
Market Data + Trends Will Rising Mortgage Rates and Home Prices Slow Housing Demand? Single and multifamily construction starts dropped to the lowest pace since August 2020, which could mean the market will soon reach a...
Market Data + Trends Home Prices, Pending Sales, and Sale-to-List Price Ratio Advance Housing marketing data for the four-week period ending March 7 reflect a market filled with high demand as median home prices jumped,...
Market Data + Trends Prospective Buyer Savings Significantly Lower Than Average Down Payment Down payments are one of the biggest barriers to homeownership, and recent research found 75% of current prospective buyers have saved much...
Affordability NAHB Research Finds 40.1 Million Households Cannot Afford $175,000 Home The National Association of Home Builders’ housing affordability pyramid for 2021 shows the highest priced home households can afford based...
Financing Mortgage Rates Exceed 3%, Dropping Refinance Demand Rates jumped to 3.26% for 30-year fixed-rate mortgages, shrinking the share of borrowers who could benefit from refinancing. As a result,...
Economics How Might an Uptick in Mortgage Rates Affect Housing? For the first time since July 2020, mortgages rates have surpassed 3%, but that’s not likely enough to put an end to strong housing demand,...
Financing First-Time Buyers Are Choosing Conventional Over FHA Financing An increasing number of first-time buyers opted for conventional, conforming loans rather than FHA-insured mortgages in January. Just 24% of...
Market Data + Trends Home Prices Jumped Double-Digits in December, Highest Pace Since 2013 Despite being known as the slowest month for the housing market, December home prices advanced 10.4% from 2019 to 2020. This marks the...