Use this dashboard - updated monthly - to get the most recent housing, demographic, economic and affordability statistics for your local area. You can download, save, and share the graphic with your clients, colleagues, and audience. (Login required.)
https://t.co/jT6KHzmf9n
First-time buyers were responsible for 30% of sales in June; Individual investors purchased 14% of homes; All-cash sales accounted for 29% of transactions; Distressed sales represented 3% of sales; Properties typically remained on the market for 27 days. #NAREHS
In 2023, the typical American homeowner was 57, had a median income of $92,915, and owned a property with a median value of $340,265; last year, 74% of all home buyers financed their purchase. Let's see how this all compares across education levels:
https://t.co/tRULR0CxjA
People and income ultimately drive housing markets. The states that led in home price growth were often those with rapid job growth in tech and services, high levels of domestic migration, and limited housing supply or zoning constraints.
https://t.co/3E2DG5HzJp
While millennials were the largest group of home buyers in last year’s Home Buyers and Sellers Generational Trends report, baby boomers have surged ahead this year and now represent 42% of home buyers. Learn more in the 2025 Home Buyers and Sellers Generational Trends report: https://t.co/CLkeTsMc0Y
Home prices have increased more rapidly in states that were less reliant on trade. Notably, states like FL (406% home price rise), WA (379%), and CO (377%), which have more modest export footprints, saw the most significant housing appreciation.
https://t.co/3E2DG5HzJp
Ten-year treasury yields are through 4.5% despite good inflation numbers. A test of 4.75% - 4.80% looks like it's in the cards absent a surprising policy shift.
Instant Reaction: Mortgage Rates, April 10, 2025
"The average 30-year fixed mortgage rate from Freddie Mac decreased to 6.62%, down from 6.64% last week."
https://t.co/IDs2RefcjR
Just released Q4 2024 NMDB data reveals:
🔲20.9% of mortgaged homes have a rate <3%
🔲 33.2% have a rate 3.0 - 3.99%
🔲 18% have a rate 4.0 - 4.99%
🔲 9.9% have a rate 5.0 - 5.99%
🔲 18% have a rate >= 6%
82% of mortgaged homes have a rate below 6%, that's down from the peak of 92.7% in Q2 2022. The share of mortgaged homes with a rate below 6% is the lowest since Q2 2016.
- Multigenerational home buying is on the rise, with Generation X leading the trend.
- Half of older boomers and 40% of younger boomers are purchasing homes entirely with cash.
More insights: https://t.co/pUb4SaP30m
"Baby boomers are really the winners in today's housing market,"
NARS's @JessicaLautz says. "We can see young millennials struggling to get in, really wanting to become first-time homebuyers, but baby boomers have housing equity, and they're making their moves in retirement."
Instant Reaction: Mortgage Rates, February 20, 2025
"The average 30-year fixed mortgage rate from Freddie Mac fell to 6.85% from 6.87% last week."
https://t.co/OzxjIYGk6P
The real estate industry accounted for $5.0 trillion or 17.7% of the US gross state product in 2024. The economic impact of a typical home sale is $125,300 at the national level.
Use the interactive tool to compare these figures at the state level:
https://t.co/uEqwNiHCMX
First-time buyers were responsible for 31% of sales in December, up from 30% in November 2024. Gain more insights in the REALTORS® Confidence Index: https://t.co/mfpS0Wo9xA
https://t.co/K6wTkD7DVV Home prices continue to hit record highs in many of the major indices, and they’re now on pace to deliver 6-8% appreciation in 2023. CoreLogic called prices “resilient” and Case-Shiller said the strength and breadth of their data gives them an “optimistic view about future results.” #homepricerecords #alltimehighhomeprices #mbshighway #mbssocialshare #mortgagemarketnews #mortgageintheknow
Consumer Price Index meets expectations
August CPI released at 8:30 am ET this morning was very much in line with forecasts. The initial reaction though as usual was volatile...
https://t.co/Y5AhHPeqep
#mortgage#arizona#realestate#scottsdale
The Bank of Australia surprised markets
July ISM Manufacturing continued to show contraction for the 9th straight month in the manufacturing sector with a reading of 46.4 versus an estimate of 46.8
https://t.co/0Yi5NbISlM
#mortgage#realestate#arizona#scottsdale