Current Market Data

Decreasing mortgage rates mean buyers and sellers are returning to the market

Homebuyers can now afford $400,000 homes with $2,500 monthly budgets for the first time in four months, according to a new report from Redfin.

Redfin: Housing market has started to recover

Homebuyers are returning, but sellers still aren’t filling the need as inventory remains low.

Home sales improve as more buyers return to the market

Homebuyer demand is rising, as mortgage applications rose 28% since November, and more prospective buyers are scheduling home tours.

New-home sales rise in December 

The median sales price of a new home was down on a monthly basis but up on an annual one. 

Real Data Q4 results are in! See which agents and brokerages brought their A-game

Brokers and their clients got a bit of relief in the fourth quarter, as interest rates began to decline. Check out our quarterly Real Data report in collaboration with Midwest Real Estate Data.

NAR: Existing-home sales dip 1.5% in December 

House prices, however, continued to rise, marking the 130th consecutive month for price gains, the longest streak on record, the National Association of REALTORS® said.   

Home prices increase as falling mortgage rates attract buyers

More buyers have entered the market in the past four weeks as mortgage rates fell.

Single-family starts, builder confidence rise 

The increase in builder confidence breaks a string of 12 straight monthly declines in the NAHB/Wells Fargo Housing Market Index. 

Pending home sales drop to lowest level in seven years

Redfin attributes the drop to the record high mortgage rates, recession concerns, record low inventory, extreme winter weather and the holiday slowdown. 

Buyer concessions make a comeback in the fourth quarter

A record share of sellers are giving buyers concessions including money for repairs and mortgage-rate buydowns.

CoreLogic: Annual home-price growth rate slows to 2-year low 

Geographically, the largest home-price increases took place in the Southeast, led by Florida (18%), South Carolina (13.9%) and Georgia (13.6%), CoreLogic reported, citing its November Home Price Insights report.    

Home supply posts record year-over-year increase

Homes linger on market longer as buyers take their time.

NAR: Pending-home sales slide for sixth month in a row in November 

Regionally, the pending-sales index fell 7.9% month over month in the Northeast, 6.6% in the Midwest, 2.3% in the South and 0.9% in the West. 

New-home sales rise again in November 

At the same time, the median sales price of a new house slid to $471,200 from $484,700 in October and $430,300 a year earlier, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported. 

NAR: Existing-home sales fall 7.7% in November 

The month-over-month decline in sales came as prices rose for the 129th consecutive month, the National Association of REALTORS® said. 

New-home construction slides in November as builders pull back 

New-home permits fell 11.2% month over month, while housing completions jumped 10.8% in what one observer said could have “worrisome” long-term consequences for the nation’s housing supply. 

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