Analysis and Data
Refinancing activity gains momentum from lowest mortgage rates since August 2023.
Home prices will fall, new listings rise, and mortgage rates will stay above 6%.
CoreLogic projects that annual home price growth will relax to 2.9% by October 2024.
Toledo, Ohio, Oxnard, Calif., and Rochester, N.Y. take top spots in annual ranking
High interest rates are compressing usage by 55% or $54B.
LendingTree study finds 44% of consumers believe a housing crash is coming in 2024
Spending habits are unpredictable, which may impact consumers ability to buy
Redfin's study shows monthly mortgage payments dropping $164 from peak.
For the fifth straight week mortgage interest rates are down.
Rising mortgage rates and limited inventory cast a shadow on real estate market.