Market Data + Trends

A realtor presents a couple with documentation for their new home

Pending Home Sales Increase in September

This trend is expected to continue over the next two years as home prices stabilize

A contractor walks up the stairs in a partially constructed home

Labor + Trade Relations

Share of Open Construction Jobs Continues to Fall

At the end of September, construction job openings were down by 12% month-over-month

Coins are placed in ascending order from left to right. At the end of the row is a wooden model home, showing price changes in the housing market.

Market Data + Trends

Home Price Growth Slows Even Further

As of August, home price growth slowed to 4.25%, and by next August, growth is expected to slow to just 2.3%

Market Data + Trends

Housing Vacancies Remain Stable During Q3 2024

Homeowner and rental vacancy rates have only risen slightly year-over-year

Market Data + Trends

As Mortgage Rates Rise, Buyers Lose Purchasing Power

A buyer earning $3,000 per month can now only afford a $442,500 home, while one year ago, that same buyer could afford a $475,750 home

Aerial view of a residential street in a suburban neighborhood

Build to Rent

Renters Are Choosing Single-Family Homes for These Features

A look at which rental listing keywords are attracting the attention of single-family renters

A single-family home that has a red "For Rent" sign in the front yard

Financing

Mortgage Rates Shoot Back Up to 7%

The 30-year fixed mortgage rate is ramping back up, but why?

Two wooden blocks sit on a table. One block has a percentage symbol, and the other has an up and down arrow. A hand moves the second block to show the "up" arrow, symbolizing an increase in rates.

Housing Markets

In These 32 Cities, Residents Can Afford a Home While Making Less Than $100K

Midsize cities, such as Milwaukee and Laredo, Texas, make up the majority of the metros on the list

Demographics

Most Young Homeowners Say They’re Better Off Than They Were 4 Years Ago

While 69% of Millennial and Gen-Z homeowners are doing well financially, just 52% of their renter peers can say the same

A couple stands in their new house surrounded by moving boxes. One person carries a cardboard box, while the other person holds up the house key.

Financing

Mortgage Originations Expected to Grow to $2.3 Trillion in 2025

The total volume of mortgage loans is anticipated to increase by 28% in the new year

A mortgage loan application with a stamp of approval and a set of house keys sitting on top of it

Market Data + Trends

Demand for Distressed Properties Weakens

In a recent survey, 34% of investors said they feel less inclined to buy due to challenging market conditions

A black "Foreclosure" sign is posted in the front yard of a large white house

Market Data + Trends

As Prices Remain Elevated, Second Homes Become Less Common

Since 2020, the share of second homes in the US has dropped from 7.15 million to 5.7 million homes

View of waterfront luxury vacation homes in Florida

Market Data + Trends

With Less Buyer Competition, Down Payments Begin to Drop

Quarter-over-quarter, the median down payment in the US fell by $2,400

A row of homes in a new housing development

Affordability

Majority of Renters Believe They Will Never Own a Home

In a recent survey, renters cite high home prices, lack of savings, and poor credit scores as the main reasons why homeownership is out of reach

A renter looks over budget with laptop, bills, and calculator at a table

Pending Home Sales Increase in September

Share of Open Construction Jobs Continues to Fall

Home Price Growth Slows Even Further

Housing Vacancies Remain Stable During Q3 2024

Home Builders Institute's Schools to Skills Grant Application Open Through December

As Mortgage Rates Rise, Buyers Lose Purchasing Power

Renters Are Choosing Single-Family Homes for These Features