News

If mortgage interest rates were to rise to 3.9%, a homebuyer with a $2,000 monthly housing budget could afford a $382,250 home. That’s down from the $396,000 home a buyer with the same budget can afford with a 3.5% rate—roughly where[...]

Saving pandemic-related stimulus money is the second-most common way to accumulate money for a down payment. Nearly one-quarter (24%) of first-time homebuyers are using stimulus money for their down payment, according to a recent[...]

As the job market strengthened for lower-wage workers, mortgage forbearance came to an end and investors ramped up purchases, sales and supply rose in the most affordable part of the housing market at the end of last year. Meanwhile, sales[...]

Homebuyers are grappling with the hottest January on record, as 45% of homes now find a buyer within two weeks on the market. Thirty-five percent go under contract within a week. Both rates are the highest we’ve ever seen for this time of[...]