Analysis and Data
Over two-thirds of respondents expect mortgage rates to go up in next 12 months
It may not be as destructive as 2008 due to some factors
Threshold broken faster than expected, but rates are in flux.
Asian Americans/Pacific Islanders pay the most
MBA says overall mortgage volume continues to decline, driven by high rates
Homebuyers 30 and younger can't afford California and Florida
The primary culprit for rapid price gains are the record low number of homes for sale, according to CoreLogic.
Homebuyers are younger this year.
Market still feels hot, but slowdown in online searches, home tours and mortgage applications suggests more buyers are getting priced out.
Longest streak for adding 400,000 jobs in 82 years; unemployment rate nears pre-pandemic level