Monthly housing payments have dropped to their lowest level in four months, but homebuyers and sellers aren’t yet reacting. In addition to pending home sales falling, new listings posted their smallest increase in three months.  The median U.S. monthly housing payment was $2,667 during the four weeks ending July 28, its lowest level since March. […]

Millions of renter households in 2022 would have been able to buy a house that year, according to Zillow, which is based on estimates from the American Community Survey by the U.S. Census Bureau. In 2022, 39% of the 134 million families residing in the U.S. did not own the home they lived in, according […]

There is a mismatch between the prices of homes being built, and the prices home buyers expect to pay, according to recent surveys from NAHB and the U.S. Census Bureau. While 38% of buyers expect to pay less than $250,000 for their next home nationwide (and 19% expect to pay less than $150,000), only 5% […]

WASHINGTON, D.C. (June 13, 2024) – The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for May 2024 shows mortgage applications for new home purchases increased 13.8% compared from a year ago. Compared to April 2024, applications increased by 1%. This change does not include any adjustment for typical seasonal patterns. “There continues to be […]

The amount of money a homebuyer puts down to purchase a home hit a historic high at the end of 2023, but that sum is finally falling. A new report from Realtor.com® shows that the median down payment homebuyers laid on the closing table in the first three months of 2024 was an average of 13.6%—which translates […]

A new report has revealed just how reluctant homeowners are to sell due to the attractiveness of their current mortgage rates.  The April ICE Mortgage Monitor report found that, on average, a homeowner’s payment would more than double if they traded up to a home just 25% more expensive. “After American mortgage holders secured some […]

Sales of existing homes slid 1% from November to December, though sales are expected to move higher this year. Existing Home Sales fell 1% from November to December to a 3.78-million-unit annualized pace, coming in below estimates of an unchanged reading per the National Association of Realtors (NAR). Sales were also 6.2% lower than they were […]