Housing Market
All Reports
October 6, 2022
Home prices remain elevated due to low supply, but early demand signals weakened sharply last week.
October 6, 2022
The combination of skyrocketing home prices and intense competition prompted many buyers to up their down payments during the pandemic. But as the housing market cools amid high mortgage rates and economic uncertainty–and buyers can no longer afford as much as they used to–down payments are falling from their peak. The typical U.S. homebuyer who […]
October 4, 2022
Rising rates, combined with home prices that are still higher than they were a year ago, have cut more than 400 square feet out of homes affordable to a San Diego buyer on a $3,000-per-month budget. A San Diego homebuyer with a $3,000 monthly budget can afford a 931-square-foot home at today’s 6.7% mortgage rates. […]
September 29, 2022
Sellers should adjust their price to stay competitive as mortgage rates approach 7%.
September 28, 2022
A house hunter looking for a $500,000 home saw their potential total mortgage payment fall by $64,000 from July to August, and then jump by $118,000 from August to September. Seesawing mortgage rates, which have swung from nearly 6% to below 5% to above 6% in the last three months, are causing headaches for homebuyers. […]
