U.S. population trends are returning to pre-pandemic levels because of decreased deaths and increased migration, resulting in the largest gains since 2018.
December 2023's pending home sales rose 8.3% from last month and 1.3% from a year ago, reaching the highest level since July of 2023.
Mortgage interest rates ticked down slightly this week to 6.63% from 6.69% the previous week, down considerably from October 2023.
After dropping for two consecutive years, the share of young adults living at home is back on the rise; this might make it easier for them to save for a down payment on a home.
Data from the 2023 Profile of Home Buyers and Sellers shows the makeup of households and how relationships play a role in shaping homebuying decisions.
As anticipated, the Federal Reserve did not alter its short-term interest rate today, keeping it at 5.375%.
Single women home buyers are surpassing all odds in the housing market and purchasing homes with lower household incomes in an increasingly unaffordable housing market.
The monthly mortgage payment decreased by 2.7% compared to the prior month, while the median price of single-family homes declined by 1.0%.
Home buyers are responding to the lowering of mortgage interest rates with increases in foot traffic and mortgage applications.
At 4.09 million, the annual pace of 2023's existing-home sales was the lowest number recorded since 1995, when it was 3.85 million. A then-and-now comparison highlights the challenges buyers faced in 2023.
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