Key Takeaways: – Down payments reached an average of 14.4% and a median down payment amount of $30,250 in the fourth quarter of 2024. Both values were down from the 2024 Q2 historical peak (15.1%, $32,700), but set a new Q4 record. – Taken as a whole, 2024 saw the highest down payments in theRead …
Down Payments Continue Upward, Hitting a Q4 Peak Read More »
What the February pending home sales data shows Pending home sales picked up 2.0% in February as buyers took advantage of growing inventory and lower mortgage rates. Despite this modest monthly growth, contract signings were 3.6% lower annually, remaining near recent record-lows. Mortgage rates hit a recent peak of 7.04% in January before falling eachRead …
Pending Home Sales Picked Up 2% in February, But Remained Near Recent Lows Read More »
An empty corner is a space that’s begging to be filled—but with what exactly? Here, we tapped three designers (myself included!) for their expert tips on how to fill those awkward voids for around $500. If you want a classic solution: Add an armchair and a side table. One of the most fool-proof empty-corner combinationsRead …
How 3 Designers Would Decorate an Empty Corner for $500 Read More »
Our research team releases monthly housing trends reports. These regular reports break down inventory metrics like the number of active listings and the pace of the market. In addition, we continue to give readers more timely weekly updates, an effort that began in response to the rapid changes in the economy and housing. Generally, youRead …
Weekly Housing Trends View-Data for Week Ending March 22, 2025 Read More »
Freddie Mac Mortgage Rates—March 27, 2025 What happened to mortgage rates this week The Freddie Mac rate for a 30-year fixed rate mortgage dipped slightly this week, falling 2 basis points from 6.67% to 6.65%. We know that many prospective buyers are right on the margin of being able to afford a home purchase, soRead …
Minor Mortgage Rate Relief This Week: A 2 Basis Point Drop to 6.65% Read More »
At the end of 2024, Flow of Funds data from the Federal Reserve showed that the total value of owner-occupied real estate registered $48.1 trillion, the third highest value on record behind the second and third quarter of 2024. Home equity followed a similar trend, also notching the third highest level at $34.7 trillion. MortgageRead …
March 21, 2025 – The Realtor.com® economics teamvideoupdategives you the relevant economic and real estate information you need to know each week every Friday to navigate the housing market as a homebuyer, home seller, or industry professional. – For the week ending March 21, Realtor.com®Chief Economist Danielle Halediscusses the latestFed meetingand what it means formortgageRead …
March 21, 2025 Economic and Housing Market Update Read More »
February 2025 existing-home sales Existing-home sales climbed 4.2% month-over-month to a pace of 4.26 million in February. Despite the growth, this sales pace snapped the 4 month streak of year over year gains, trailing 1.2% behind February 2024’s 4.31M sales–a fairly high bar. Pending home sales eased in both December and January, highlighting that mortgageRead …
Existing-Home Sales Climb 4.2% in February to 4.26M, Trail Year-Ago Pace Read More »
Freddie Mac Mortgage Rates—March 20, 2025 What happened to mortgage rates this week The Freddie Mac rate for a 30-year fixed rate mortgage did not change much this week, rising from 6.65% to just 6.67%. Rates have been stable under the 7% mark for the past several weeks, at a slight improvement from where theyRead …
Mortgage Rates Mostly Unchanged, Up 2 Basis Points from Last Week to 6.67% Read More »
Freddie Mac Mortgage Rates—March 13, 2025 What happened to mortgage rates this week The Freddie Mac rate for a 30-year mortgage held steady in the mid-6% range this week, rising 2 basis points, to 6.65%, as the 10-year Treasury yield slowed its descent. Going forward, we may see a bit more relief from mortgage ratesRead …
