Housing Market
All Reports
August 8, 2024
A soft jobs report and recession jitters sent mortgage rates down last week. Despite the small improvement in affordability, pending sales still posted their biggest year-over-year decline in 9 months–but the rate drop prompted some prospective buyers to start the house-hunting process. Mortgage rates dropped to their lowest level since April 2023 early this week, […]
August 5, 2024
House hunters should consider jumping into the market now, with last week’s soft jobs report sending mortgage rates to their lowest level since April 2023. Daily average mortgage rates have dropped to their lowest level since April 2023, welcome news for homebuyers who have been waiting for affordability to improve. A homebuyer on a $3,000 […]
August 5, 2024
17.3% of house hunters, overall, would trade off their safety to find an affordable home. Concern for safety is also a common reason why people are looking to move in the first place. Access to healthcare services, restaurants, bars and coffee shops top the list of trade-offs house hunters are willing to make in order […]
August 2, 2024
The number of renter households grew 1.9% in the second quarter—one of the biggest gains in recent years. The number of homeowner households rose 0.6%—the smallest uptick since 2022. America’s renter population is growing as the cost of homeownership climbs; mortgage payments are up 90% from before the pandemic, while asking rents are up 23%. […]
August 1, 2024
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. […]
