For Week Ending February 11, 2023 Nationally, the median age of owner-occupied homes is 40 years, according to the 2021 American Community Survey (ACS), the most recent survey available. Among owner-occupied homes, nearly half were built before 1979, while only … Continue reading →

For Week Ending February 4, 2023 Mortgage rates continued their downward trend, with the 30-year fixed-rate mortgage averaging 6.09% the week ending 2/2/23, according to Freddie Mac. Mortgage rates have declined steadily for the past 4 weeks and are now … Continue reading →

For Week Ending January 28, 2023 U.S. housing starts declined in 2022, as homebuilders scaled back production due to high construction costs, affordability challenges, and a pullback in buyer demand. According to the U.S. Census Bureau, 1.55 million homes were … Continue reading →

For Week Ending January 21, 2023 Housing inventory is increasing across most of the country, as home sales continue to slow amid higher mortgage rates and elevated home prices. According to Realtor.com’s December Housing Report, inventory rose in 49 out … Continue reading →

For Week Ending January 14, 2023 Despite softening home prices, housing affordability continued to decline nationwide in Q4 2022 due in part to elevated interest rates. According to ATTOM’s Q4 2022 U.S. Home Affordability Report, median priced single-family homes and … Continue reading →