News

The housing market is becoming more balanced, but at a great cost to both buyers, who are footing the bill of high monthly mortgage payments, and sellers, whose stronghold on the market has slipped away as mortgage rates doubled this year.[...]

A surge in mortgage rates over the holiday weekend sapped much of the remaining energy out of the housing market.Home-touring activity took a nosedive, and the share of sellers dropping their price remained near a record high. As a result[...]

Nearly one-third (31.4%) of U.S. home purchases were paid for with all cash in July, near the eight-year high reached in February and up from 27.5% a year earlier. The share of all-cash purchases jumped in early 2021 during the[...]

Roughly six of every seven (85%) U.S. homeowners with mortgages have a mortgage interest rate far below today’s level of 6%. With rates now at the highest since the 2008 financial crisis, some of those homeowners are discouraged from[...]

America is increasingly building homes in places endangered by natural disasters. More than half (55%) of homes built so far this decade face fire risk, while 45% face drought risk. By comparison, just 14% of homes built from 1900 to 1959[...]