Analysis and Data

Matching a summer decline in sentiment, builders continue to grapple with high construction and development costs

Low affordability causing buyers to hesitate has led more builders to cut prices so as to bolster sales

Typical homebuyer paid $2,588 during four weeks ending August 11

San Jose and Las Vegas home to 27% year-over-year growth in investor purchases

Zillow predicts the recent drop in mortgage rates will neutralize the market and bring in more homebuyers

July 2024 saw 31,929 properties with foreclosure filings, with the greatest numbers of foreclosure starts in California, Florida, and Texas

Mortgage applications increased almost 17% for the week ending Aug. 9

Core inflation — less food and energy — remains slightly higher than the all items index

Realtor.com's midyear, revised update for its 2024 Forecast predicts mortgage rates will end the year at 6.3%.

A growing share of borrowers are over-leveraged as piggyback mortgages rise in popularity and necessity