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Mortgage Demand Falls as Rates Move Back to Over 7 Percent

California's median home price hits record high at $900,000

California's median home price has hit a record high at $900,000 according to the California Association of Realtors.

Median US Home Price Hits 'Highest Level on Record' in April: Redfin

More than 90 percent of 221 US metros saw home price gains in the first quarter of 2024.

Monthly Housing Payments Hit Record High in March

Monthly housing payments in the U.S. reached unprecedented levels in March, underscoring the ongoing challenges and shifts in the real estate market. The average monthly U.S. housing payment hit a record high of $2,721 for the four weeks ending March 24, a 10% increase compared to the previous year, according to real estate brokerage Redfin. Payments are high because of high mortgage rates and escalating home prices. Mortgage rates are near 7%, and the median home sale price is up 5% year over y

Down Payment on Homes Jump Nearly 25 Percent in One Year to Almost $56,000