Data

“Consumers also indicated that they don’t expect these affordability constraints to improve in the near future, with significant majorities thinking that both home prices and mortgage rates will either increase or remain the same over the next year,” said Mark Palim, Fannie Mae’s VP and Deputy Chief Economist.

According to Chase’s latest First-Time Homebuyer Study, new data revealed that confidence levels remain high among buyers, with 44% of respondents indicating they are confident they’ll be financially ready to purchase in the coming year.

According to a new report from Redfin, some 33.4% of U.S. home purchases in April were made in cash, marking the highest share of all-cash home sales since 2014.

Mortgage application volume fell has fallen for a month straight, with purchase activity constrained by rates nearing the 7% mark and a lack of for-sale inventory.

A new analysis from LendingTree revealed Gen Zers account for nearly 15% of potential homebuyers across the 50 largest metros in the U.S., a figure experts say will likely grow over the coming years. Click through to learn which metros are the least and most popular for Gen Z buyers across the nation.

According to Realtor.com’s data, Western shoppers are the most likely to look for out-of-market homes, but Northeastern shoppers sit closely behind in second place. Here's what else the report reveals.

Nationwide home prices increased 2% year-over-year in April compared to the same time last year. In a new report, CoreLogic experts project home price growth in 2023 will fall in line with the historical 4% annual average as mortgage rate uncertainty continues to fuel homebuyer hesitation.

In a new Zillow report, research shows support is growing among both homeowners and renters for "missing middle" housing developments, as 70% of respondents believe new housing is crucial to producing affordability in their community and support building them in their neighborhoods.

While U.S. pandemic migration trends show no sign of reversing, Bank of America Institute's latest housing market report revealed home prices are slowing rapidly even in cities with large inflows of people.

“It's crucial, especially in higher-rate environments, for Americans to talk to a mortgage advisor who can help prepare buyers for the homebuying process, work to determine how much a person can afford and clear up the misconceptions about the many paths to homeownership that exist," said Thomas Parrish, Head of U.S. Retail Lending Product Management at BMO.