Analysis and Data

Rapid price appreciation for homes is driving declines in affordability, despite increased levels of income and low mortgage rates. 

The number of iBuyer or "instant buyer" homes narrowed to 6.1% down year-over-year for the first quarter of 2021, according to Redfin.

According to the latest Mortgage Monitor Report from Black Knight Inc., dwindling levels of inventory are pushing the prices of homes to unseen levels.

Following ten weeks of sub-3% averages, Freddie Mac's Primary Mortgage Market Survey reported that the 30-year fixed-rate mortgage averaged 3.02%.

With spiking home prices in the second quarter of 2021, home affordability for average workers took another hit.

A survey from Realtor.com reported that more than 40% of aspiring Gen Z homeowners plan to purchase a home within the next five years.

The 2020 ServiceLink State of Homebuying Report includes insight from over 1,000 homeowners to examine whether high home prices and low inventory had an impact on their decision to move.

A survey conducted by Lombardo Homes of more than 1,000 millennials revealed that there are still some challenges for millennials to overcome in order to secure a home.

In May of 2020, 7.48% of financial hardship accounts represented mortgage delinquencies. A year later, only 4.07% represented mortgage delinquencies.

A survey from Zillow reported that despite record-low mortgage rates, 78% of homeowners passed up on the opportunity to refinance their home.