Housing Market
All Reports
May 13, 2024
Demand for second-home mortgages fell twice as fast as mortgage demand for primary homes, as housing costs rose to new heights. An early look at this year’s data shows that demand for vacation homes hasn’t picked up in 2024; interest in second-home mortgages has been sitting near an 8-year low all year. Many of the […]
May 9, 2024
High home prices and rates sent home sellers and buyers to the sidelines in April and the start of May. But last week’s encouraging economic news drove mortgage rates down a bit, which could bring back prospective sellers and house hunters. The median U.S. monthly housing payment hit an all-time high of $2,894 during the […]
May 6, 2024
Roughly 1 in 5 new mortgages went to low-income homebuyers in 2023, down from 23% in 2020. Meanwhile, high-income buyers have gained share because they’re more prepared to weather the storm of high home prices and mortgage rates. Roughly one in five (20.6%) new mortgages issued last year went to low-income Americans, bringing that group’s […]
May 2, 2024
Inventory is below typical April levels, driving home prices up. Continually rising mortgage rates are further eroding affordability–and this week’s Fed meeting confirmed that mortgage rates are likely to hold steady for the foreseeable future. The median home-sale price rose from a year earlier or stayed the same in all 50 of the most populous […]
April 25, 2024
The number of homes for sale in Cape Coral, FL and North Port, FL surged roughly 50% from a year earlier in March—more than anywhere else in the country. And in McAllen, TX, supply jumped 25%. Housing supply is soaring because both states have been building a lot of homes, which is limiting home price […]
