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The recent spike in mortgage rates has had a more muted effect on Washington D.C.’s new-home sales than when they started their climb from record lows in 2022.

Despite rates shooting past 7%, the average new-home sales rate has been higher than a year ago, suggesting home buyers have adjusted to the new normal and are budgeting a larger portion of their income to housing.

In the January Zonda Market Ranking, the metro area was significantly overperforming compared with its long-term historical average. Home builders are ramping up new construction, and starts activity has improved over the past six months.

Single‐family housing starts rose 11.6% in February to a rate of 1,129,000, according to the U.S. Census Bureau and the Department of Housing and Urban…

Builders are reporting offering smaller homes, buying land farther from urban centers, and paring back features to help lower costs and sales prices.

Younger generations are ready to make a move in their home buying journey this year, according to the latest ServiceLink State of Homebuying Report.

Homeowners are not moving any time soon. In 2005, homeowners spent 6.5 years in the same residence. That number has jumped to 11.9 years.

The drop of mortgage rates by more than 100 basis points since their peak at 7.8% has translated into savings of approximately $366 every month, according to analysis by Realtor.com. The calculation assumes a median price of $414,000 and a 10% down payment, which results in an average monthly payment of approximately $2,385.

Existing-home sales—completed transactions that include single-family homes, townhomes, condos, and co-ops—decreased 1% from November to a seasonally adjusted annual rate of 3.78 million in December, according to the National Association of Realtors (NAR).

Mortgage financing for luxury condos is a dynamic landscape, and experts in the field must unravel the trends and challenges facing developers and purchasers.

A survey-high 31% of consumers expect mortgage rates to go down, according to the Fannie Mae Home Purchase Sentiment Index.

As the housing market navigates affordability challenges, rising loan limits offer hope for home buyers.

2023 has been a rough ride for homebuyers. Exploding interest rates caused many potential buyers to pump the brakes on diving into homeownership.

Existing home sales dropped once again in October, according to the National Association of Realtors (NAR).

The U.S. real estate market is not for the timid. Another period of heart-stopping inflation, soaring mortgage rates, uncontrollably rising prices, and widespread worry about homeownership followed the unanticipated rollercoaster that was the pandemic.

Home sales aligned with expectations in October. While sales were cooler than September, the rate of sales was well above levels a year ago, according to the October New Home Market Update report from Zonda.

Mortgage applications for new-home purchases increased 39.7% compared with a year ago, according to the October data from the Mortgage Bankers Association (MBA) Builder Application Survey (BAS). Compared with September, applications increased by 6%.