Realtor.com; Getty Images (1) Mortgage rates dipped this week, with the average rate for a 30-year fixed home loan going from 6.78% last week to 6.73% for the week ending August 1, according to Freddie Mac. “Mortgage rates declined to their lowest level since early February,” Sam Khater, Freddie Mac’s chief economist, said in a […]

Illustration by Realtor.com. Source: Getty Images (2) Median home prices fell in July, marking the first-ever seasonal decline in a month that’s typically a peak time for home sales. The national median list price dipped from $445,000 in June to $439,950 in July, according to a new monthly housing report by Realtor.com®. This downturn can

Al Drago/Bloomberg via Getty Images Mortgage rates may remain high for the rest of the summer, but there are signs that could change in the fall. The Federal Reserve’s Open Market Committee left its base interest rate steady at a range of 5.25% to 5.5% on Wednesday. The Fed released a statement after its meeting

Realtor.com; Getty Images (1) Mortgage rates inched up—just barely—this week, with the average rate for a 30-year fixed home loan going from 6.77% last week to 6.78% for the week ending July 25, according to Freddie Mac. “Mortgage rates essentially remained flat from last week but have decreased nearly half a percent from their peak

Realtor.com; Getty Images (6) Homebuyers looking for a top housing market can ignore the West Coast’s sunny appeal and the East Coast’s seasonal charms. Instead, home shoppers should concentrate on the country’s heartland, in particular, Fort Wayne, IN. The midsized city is the hub of Northeast Indiana and has ranked No. 1 in the Wall

Getty/Bloomberg The numbers: Sales of newly built homes in the U.S. dipped in June as buyers continue to deal with an unaffordable housing market. Buyers are constrained by high home prices and elevated mortgage rates. Sales of new homes are at the lowest level since November 2023. Sales of newly built homes in the U.S. fell 0.6%

Getty Images Home prices hit a new high in June even as the number of closings slipped again, continuing recent trends in a market battered by soaring mortgage rates. Total existing-home sales dropped 5.4% from May, to a seasonally adjusted annual rate of 3.89 million in June, the National Association of Realtors® reported on Tuesday.

Photo-illustration by Realtor.com; Source: Getty Images (3) In his lengthy speech accepting the Republican presidential nomination on Thursday, Donald Trump touched on dysfunction in the housing market as he pressed his case to replace incumbent President Joe Biden. Tying rising housing costs to inflation, a lingering weakness for Biden, Trump exaggerated several statistics even as

Realtor.com; Getty Images (1) Mortgage rates dipped this week, with the average rate for a 30-year fixed home loan going from 6.89% last week to 6.77% for the week ending July 18, according to Freddie Mac. “The 30-year fixed-rate mortgage fell to its lowest level since mid-March, dropping 12 basis points from last week,” Sam Khater,

Getty Images Construction activity on single-family homes dropped for the fourth straight month in June, as high interest rates weighed on building activity. Single-family housing starts were at a seasonally adjusted annual rate of 980,000 last month, down 2.2% from May, according to U.S. Census data released on Wednesday. Permits for single-family homes also dropped