The typical home that went under contract in February spent 66 days on the market—the slowest February pace in a decade. The typical buyer scored 1.8% off the list price—the biggest February discount since 2023; sellers outnumber buyers, giving buyers negotiating power. Pending home sales and new listings both inched down last month, while home […]
Homebuyers Can Afford to Take Their Time Heading Into Spring 2026 Read More »
The average rate for an ARM so far this month is 5.51%, compared with a 6.19% average for a 30-year fixed rate mortgage. The typical homebuyer using an ARM takes on a monthly payment of $2,578, down 7% from last year. Today’s ARM discount is big enough that buyers should talk to their lender about
By comparison, the bottom 20% of U.S. earners hold just 5% of real estate wealth. The top 1% of earners in America hold 12.7% of the country’s real estate wealth, and those in the 80th to 99th income percentile hold 43.7%. All together, that means the top 20% of earners hold more than half (56.4%)
The Top 20% of Earners Hold Nearly 60% of America’s Real Estate Wealth Read More »
For the first time, the oldest Americans (70+) held a larger share of real estate wealth than middle-aged Americans (40-54). The 70+ age group is the only one that has experienced consistent gains in real estate wealth. Younger Americans, who have grappled with rising home prices and mortgage rates, have seen their portion of the
The Oldest Americans Held More Real Estate Wealth Than Ever Before In 2025 Read More »
The share of homeowners who are “in the money” for a refinance has hit its highest level in over four years as mortgage rates dip to around 6%. But less than 1 in 10 eligible homeowners have refinanced, even though they stand to save money. One in five (19.8%) U.S. homeowners with a mortgage could
Nearly 45,000 sellers who delisted their homes last year relisted them in January—the highest January number in records dating back a decade. This could further boost housing supply, enabling homebuyers to score even bigger discounts than they’re already getting. Relistings are most common in pricey West Coast markets like the Bay Area, and least common
Back on the Market: Relistings Jump as Home Sellers Bet on Stronger Spring Market Read More »
