Housing Market
All Reports
October 5, 2023
A homebuyer on a $3,000 monthly budget has lost nearly $40,000 in purchasing power over the last year, as mortgage rates have risen from around 6.5% in October 2022 to nearly 8% today. The glimmer of hope for the housing market: a small September uptick in new listings. Mortgage rates hit their highest level in […]
October 4, 2023
Baby Boomers were most likely to say the opposite, with nearly half saying dating is more stressful than homebuying. Divorce and finding a new job were the only two listed life events that a majority of respondents said are more stressful than purchasing a home. White respondents said buying a home is more stressful than […]
September 28, 2023
Originally published to Forbes on September 12, 2023. For many young Americans, the dream of owning a home feels less like a middle-class milestone and more like a prize available only to those with family money or extraordinary incomes. The monthly mortgage payment on a median-priced home has increased 15% in the last year, while incomes […]
September 28, 2023
Record-high monthly mortgage payments are motivating sellers to drop asking prices to attract buyers, who are unwilling to pay a dollar more than necessary for their new home. Roughly one in 15 (6.5%) U.S. homes for sale had a price drop during the four weeks ending September 24, on average, up from 5.8% a month […]
September 22, 2023
With monthly housing payments at an all-time high, would-be buyers are waiting for homes to become more affordable. But slightly more homeowners are listing their homes this month, providing a glimmer of hope for buyers who want more to choose from. What homebuyers are doing: Waiting for homes to become more affordable and for more […]
