Mortgage rates rose sharply over the past week on labor market strength and a more hawkish Fed
After falling slightly last week, mortgage rates rose sharply this week, erasing some of the progress made on the housing affordability front in the past few months.
Slowing economy pushes mortgage rates down
Mortgage rates fell this week, resuming a downward trend and erasing most of last week’s increase.
November 2022 Case-Shiller Results & Forecast: Steady Decline
Home prices continued cooling off in November as the fall freeze took over the housing market.
Three Roommates or Four Jobs Needed to Afford a Two-Bedroom Rental on Minimum Wage
Rent affordability is better in cities with higher minimum wages, even in expensive markets.
New Home Sales: New Sales Slipping Further from Peak
The housing market cooled off during the fall and early winter of 2022, and new home sales followed suit with new sales lagging far behind 2021 and setting back closer to pre-pandemic levels.
Mortgage Rates Edge Slightly Higher as Investors Weigh Recession Risks
Mortgage rates ticked up this week, the first weekly increase of the year, as the market jockeys for position ahead of next week’s updates on monetary policy and the labor market.
December 2022 Existing Home Sales: Sales Fell For the 11th Consecutive Month
Existing home sales fell less than expected in December. More sellers are accepting lower offers.
December Housing Starts: Homebuilding Activity Continues to Slow Amid Cooling Market
A record number of housing units are currently under construction
Home values slipped 0.2% in December, a repeat of November’s modest decline, leaving the typical home value at $356,819, or 0.7% below the peak set in June, according to the Zillow Home Value Index.
