Over the past few years, some homeowners have decided to delay their move because they don't want to sell and take on a higher mortgage rate on their next home. Maybe you're thinking the same thing. And honestly, that's no surprise. It's a very common roadblock and is one of the biggest factors that's kept the number of homes on the market so low for so long.
But a growing number of homeowner...
With the 2024 Presidential election fast approaching, you might be wondering what impact, if any, it's having on the housing market. Let's break it down.
In any given year, home sales slow down slightly in the fall. It's a typical, seasonal trend. However, according to data from BTIG, in election years there's usually a slightly larger dip in home sales in the month leading up to Election Day (see graph below):
Curious about where the housing market is headed in 2025? The good news is that experts are offering some promising forecasts, especially when it comes to two key factors that directly affect your decisions: mortgage rates and home prices.
Whether you're thinking of buying or selling, here's a look at what the experts are saying and how it might impact your move.
One of the biggest factors likely affecting your plans is mortgage rates, and the
Did you know? Homeowners are often able to put more money down when they buy their next home. That's because, once they sell, they can use the equity they have in their current house toward their next down payment. And it's why as home equity reaches a new height, the median down payment has too.
According to the latest data from Redfin, the typical down payment for U.S. homebuyers is $67,500—that's nearly 15% more than last year, and the highest on record (see graph below):
Seeing your house sit on the market without any bites is the ultimate frustration. And unfortunately, some sellers are in that tricky spot today.
According to data from the National Association of Realtors (NAR), the average time a house spends on the market has increased over the past few years (see graph below):