Housing Market
All Reports
September 15, 2023
Some homebuyers got cold feet as mortgage rates hit the highest level in over two decades and prices continued to rise, but buyer demand and new listings have stabilized following months of declines. Residential real estate deals are falling through at the highest rate in almost a year as high mortgage rates give homebuyers sticker […]
September 14, 2023
Mortgage rate locks for second homes are down nearly 50% from pre-pandemic levels, compared to a 33% drop for primary homes. Mortgage-rate locks for second homes were down 47% from pre-pandemic levels on a seasonally adjusted basis in August, compared to a 33% decline for primary homes. August marks the 14th-straight month that second-home demand […]
September 14, 2023
7%-plus mortgage rates and increasing home prices have pushed the typical U.S. monthly mortgage payment to a record high, and sent pending home sales down 12% year over year. What homebuyers need to know: It’s more expensive than ever to buy a home. The median monthly mortgage payment hit an all-time high of $2,632 during […]
September 13, 2023
Return-to-office mandates are forcing some people to choose between selling their home at a loss or losing their job. Roughly 20% of surveyed sellers say they’re moving due to safety/crime concerns, a desire to live somewhere more aligned with their social views and/or lower taxes. About 10% of respondents cite discrimination in their neighborhood and/or […]
September 12, 2023
The median asking rent in August was $2,052, just $2 below the record high set a year earlier. Instead of taking a haircut on rents, some landlords are throwing in one-time concessions to attract renters as vacancies rise. The median U.S. asking rent in August was $2,052, just $2 below (-0.1%) the record high set […]
