“The average 30-year, fixed mortgage rate trended upward throughout September, approaching 8% in early October. Higher mortgage rates have a dual impact on the housing market–reducing affordability for buyers and strengthening the rate lock-in effect for potential sellers,” said Mark Fleming, Chief Economist at First American.

“In a homebuyer’s ideal world, rising mortgage rates would push demand and home prices down enough to make up for high interest payments. But that’s not what’s happening now,” said Redfin Economics Research Lead Chen Zhao.

“Both fiscal and monetary policies have contributed to the much higher level of mortgage rates in 2023,” said Mike Fratantoni, Chief Economist and SVP for Research and Industry Technology for the MBA.

Saving for a standard 20% down payment can take years, but many homebuyers today are turning to family members to expedite the process.

A new study of all 50 states and D.C. revealed remote workers are flocking to Colorado, due in part to a high ratio of remote homebuying tools such as 3D-tours, virtual walkthroughs, and remote online notarization.

New commentary from DBRS Morningstar highlights how the company looks at banks’ management of climate-related risks—in particular, from a credit perspective.

Political unrest, global economic health, office occupancies and valuations, housing shortages, and artificial intelligence are among the key issues shaping real estate's near future, according to a new report.

"Rental housing is a narrow margin industry that is often mischaracterized, but the data shows the truth," said Bob Pinnegar, National Apartment Association President and CEO.

“At age 30, the millennial homeownership rate is approximately six percentage points lower than that of their generational predecessors, Generation X, at the same age,” First American Economist Ksenia Potapov said.

Experts have said for decades that rent/housing costs should not exceed more than 30% of your income. Here’s where the current average salary gets you the furthest.