Housing Market
All Reports
August 27, 2024
The mortgage rate lock-in effect is prompting many homeowners to stay put, contributing to America’s housing shortage. But the lock-in effect is slowly easing because eventually, people have to move; 86% of homeowners with mortgages have interest rates below 6%, down from 91% in 2023 and a record 93% in 2022. Nationwide, 85.7% of U.S. […]
August 26, 2024
Pending starter home sales grew 10% in July year over year, while other price brackets fell. The median price for a U.S. starter home climbed to $250,000 in July, but price growth was slower than for other price brackets. Starter homebuyers are moving off the sidelines as mortgage rates fall and inventory rises. Pending sales […]
August 22, 2024
HOA dues are up more than 15% from a year ago in Tampa, Orlando and Fort Lauderdale, compared with a median gain of 6% across the 43 metros Redfin analyzed. The Sunshine State is seeing HOA fees jump due to skyrocketing insurance costs and new safety requirements in the wake of the Surfside condo collapse. […]
August 22, 2024
Signals of early-stage homebuying demand, including home tours, are gaining momentum as mortgage rates stabilize at a 15-month low. The median U.S. monthly mortgage payment was $2,587 during the four weeks ending August 18, its lowest level since February and down 0.1% from a year earlier. That’s a tiny drop, but it marks the first […]
August 20, 2024
Democratic presidential nominee Kamala Harris unveiled a plan that promises to combat the housing affordability crisis, and boost supply and demand. Harris’s plan is appealing, but will take a careful balancing act to pull it off. U.S. home-sale prices have risen nearly 40% since President Biden took office, mortgage rates are just now coming down […]
