Analysis and Data

The number of home listings that were pulled off the market rose to a historically high level in September, with many homeowners opting to stay put rather than accept a low offer.

In October, the national median rent dipped 1.7% annually to $1,696 amid a softer rental market, while 20 major metros reported higher out-of-market demand than before the pandemic

After several years of choppy performance, independent mortgage banks returned to the black in the third quarter, posting a gain of more than $250 per loan, even as per-loan production costs edged higher

After a slower start, younger generations are rapidly catching up in homeownership, fueled by rising incomes, career stability, and family formation, with millennials now buying homes in their 30s at rates comparable to Gen X in their early 40s

Michael Haltman of Hallmark Abstract Service examines some of the reasons why nearly half of all refi apps are being rejected

Luxury home sales increased 2.9% year-over-year, while non-luxury sales rose 0.7%, as luxury inventory climbed 6.4% year-over-year, compared to a 9.5% increase in non-luxury inventory, posting their highest October levels in at least five years

Refi and HELOC activity inched upward in Q3, as homeowners capitalized on modest rate improvements and tapped into equity, but affordability constraints are still keeping purchase demand subdued

Post-purchase remorse declines from 2023, as today's buyers approach the market more deliberately, while the share who feel they overpaid for their home falls from 15% to 8% over the past two years

Rural homebuyers need to earn at least $75,000 to afford the typical home, up from $36,000 before the pandemic, with the median home sale price in rural areas up 61% from before the pandemic

Despite housing affordability, industry costs, and local economic conditions, real estate firms project their profitability to increase