Key Points: Existing-home sales are expected to increase modestly in May despite higher mortgage rates. Markets with more normal new-listing levels tend to have more normal sales activity. Affordability remains a constraint, but the new listings gap is the clearer driver. Existing-home sales are expected to increase modestly in May for the second ... Read More ›

Key Points: Existing-home sales are expected to increase modestly in April, but remain low compared with historical norms. Housing affordability recently improved 11 percent over the past year, with gains across all top 100 markets. Markets with greater affordability gains tend to show stronger sales growth, though outcomes vary based on local ... Read More ›

Key Points: Consumer confidence has weakened as economic uncertainty has increased, driven by rising geopolitical tensions, energy prices, and financial market volatility. Housing fundamentals have improved compared with a year ago, with both house-buying power and inventory improving over last year, but recent mortgage rate increases have reduced ... Read More ›

Key Points: For-sale inventory is up 9 percent year over year, and house-buying power has increased roughly 12 percent, easing some pressure on affordability. While overall inventory has improved, new listings are still down 4 percent from a year ago—limiting how much sales can rebound. Despite recent mortgage rate volatility and disappointing ... Read More ›

Key Points: A record number of single women owned homes in 2025, despite a dip in the homeownership rate. Long-term gains in educational attainment and real household income continue to boost women’s participation in the housing market. Affordability has improved to its best level since 2022, potentially supporting further homeownership growth ... Read More ›

Key Points: Existing-home sales are improving, but remain well below pre-pandemic norms. Sales equal just 3.3 percent of U.S. households, compared with a pre-pandemic average of 4.2 percent. Closing that gap would require over one million additional sales at today’s household base, underscoring just how far the market still has to go. ... Read More ›