High interest rates and limited inventory are key factors in restricting affordability.

Mortgage debt has grown 30% since before the pandemic. But the majority of mortgage debt holders have rates below 5%.

People who sold a median-price home last year made more than $120,000 in profit on a typical sale, according to a new report out today from the property data company ATTOM.

Some builders are starting to see more interest from buyers, including those who spent 2023 on the sidelines, waiting for better rates.

Housing demand has been improving in recent months, as mortgage rates have ticked down. And while that’s putting upward pressure on home prices, there are a few factors that could keep a lid on home price appreciation.

High mortgage costs, low supply of houses for purchase and high rents made for a pretty bleak year. But there’s a glimmer of light on the horizon.

There’s research that shows when the left-most digit of a number changes, we tend to give the change more weight.

Realty firm Redfin said homes are less affordable than at any time since they started tallying the numbers 11 years ago.

A lot of homebuilders are working with lenders to offer lower mortgage rates — or they’re offering other incentives like money towards closing costs.

The average monthly payment on a new mortgage rose 46% in 2022, and home prices and mortgage rates have continued to climb in 2023.