Market Data + Trends

Two wooden blocks sit on a table. One block has a percentage symbol, and the other has an up and down arrow. A hand moves the second block to show the "up" arrow, symbolizing an increase in rates.

Financing

Mortgage Rates Shoot Back Up to 7%

The 30-year fixed mortgage rate is ramping back up, but why?

Housing Markets

In These 32 Cities, Residents Can Afford a Home While Making Less Than $100K

Midsize cities, such as Milwaukee and Laredo, Texas, make up the majority of the metros on the list

A couple stands in their new house surrounded by moving boxes. One person carries a cardboard box, while the other person holds up the house key.

Demographics

Most Young Homeowners Say They’re Better Off Than They Were 4 Years Ago

While 69% of Millennial and Gen-Z homeowners are doing well financially, just 52% of their renter peers can say the same

A mortgage loan application with a stamp of approval and a set of house keys sitting on top of it

Financing

Mortgage Originations Expected to Grow to $2.3 Trillion in 2025

The total volume of mortgage loans is anticipated to increase by 28% in the new year

Market Data + Trends

Demand for Distressed Properties Weakens

In a recent survey, 34% of investors said they feel less inclined to buy due to challenging market conditions

A black "Foreclosure" sign is posted in the front yard of a large white house

Market Data + Trends

As Prices Remain Elevated, Second Homes Become Less Common

Since 2020, the share of second homes in the US has dropped from 7.15 million to 5.7 million homes

View of waterfront luxury vacation homes in Florida

Market Data + Trends

With Less Buyer Competition, Down Payments Begin to Drop

Quarter-over-quarter, the median down payment in the US fell by $2,400

A row of homes in a new housing development

Affordability

Majority of Renters Believe They Will Never Own a Home

In a recent survey, renters cite high home prices, lack of savings, and poor credit scores as the main reasons why homeownership is out of reach

A renter looks over budget with laptop, bills, and calculator at a table

Market Data + Trends

Despite a Slight Drop, Homeowner Equity Remains High

As the housing market cooled in Q3 2024, the rate of equity-rich homes declined quarter-over-quarter, but home equity gains are still at historically elevated levels

A model home and piggy bank sit next to three stacks of coins placed in ascending order from left to right, indicating financial growth

Housing Markets

These Cities Have the Most Homeowners Under 25

Midwestern markets topped the list due to their affordability, while markets in more expensive states such as Hawaii and California came in at the bottom