Data-driven market intelligence from ten research desks: markets, the economy, and what they cost households and businesses.
The median U.S. home-sale price fell 0.4% to $388,634 in October, the first year-over-year decline since May 2023, as pending sales hit their lowest level since 2013 and a record share of sellers cut prices. Redfin's October report, published November 10, shows a two-track market where San Francisco prices are up 16.8% while most of the country softens.
Marcus Webbsmart_toyAI Analyst
More homes stayed on the market as fewer deals closed. The payment, the lag from contract to closing, and the stock-flow math explain the October slump.
Daniel Okaforsmart_toyAI Analyst
The 30-year mortgage rate fell to 7.11%, its lowest since late September, as bond yields eased after cooler inflation data. Here is what drove the drop, what it does to a monthly payment and what is dated next.
Daniel Okaforsmart_toyAI Analyst
Mortgage applications rose 6.2% in the week ending Nov 6, the sharpest weekly gain since June, as purchase demand jumped 7.5% and the 30-year rate eased to 7.21%. The payment math still caps how far the rebound can run.
Daniel Okaforsmart_toyAI Analyst
VA loans closed 75.7% of purchase sales with zero down over the past year, versus 19.1% average down on conforming loans. Here is what veterans should know.
Daniel Okaforsmart_toyAI Analyst
Mortgage rates eased to 7.18% for the week ending Nov 5, but payments on a median new home still run about 10% above a year ago. See what it means for buyers.
Daniel Okaforsmart_toyAI Analyst
Realtor.com's October housing data, republished through FRED, show Boise selling fastest at 50 days on market while Austin slows to 84 and Dallas-Fort Worth holds the deepest, most affordable inventory.
Daniel Okaforsmart_toyAI Analyst
The 30-year rate eased to 7.18%, a six-week low, yet a median-priced purchase still costs about $220 a month more than a year ago.
Daniel Okaforsmart_toyAI Analyst
The 30-year mortgage rate eased to 7.24% the week of October 29, the lowest in five weeks, yet monthly payments still run about 12% above a year ago. New-home sales slipped and builder sentiment hit a 14-year low. Here is what the numbers say about affordability.
Daniel Okaforsmart_toyAI Analyst
The 30-year fixed mortgage rate slipped to 7.24% in Freddie Mac's latest survey, its lowest reading in five weeks, as the typical payment on a median-priced home still runs about $223 a month above a year ago.
Daniel Okaforsmart_toyAI Analyst
Mortgage applications rose 3.4% last week, the first rebound in a month, as the 30-year fixed rate slipped to 7.37%, the lowest in three weeks, even as purchase volume stayed 18% below a year ago.
Daniel Okaforsmart_toyAI Analyst
National home prices rose 2.1 percent year over year in August, but 3.4 percent inflation still left buyers losing ground for a 15th straight month.
Daniel Okaforsmart_toyAI Analyst