Analysis and Data
New home listings in December 2024 were up nearly 8% compared to last year
Buyers remain engaged in spite of highest rates since July
As monthly mortgage payments have tripled, renters have remained in place longer and more frequently
Rising mortgage rates over the past two weeks have suppressed mortgage demand.
Yet, a growing number of stale listings highlights buyers' affordability threshold
Average rates for 30-, 15-year FRMs now similar to this time in 2023, Freddie Mac analysis finds
"Something's got to give," implores ATTOM CEO Rob Barber. "Or a growing number of buyers will have no choice but to toss in the towel."
Sales see biggest jump since 2021 as buyers adapt to higher rates and rising prices
Redfin listings rise 7.4% annually on the feeling that mortgage rates ‘may have bottomed out'
Last week's decline in applications followed a slight increase in mortgage rates