Realtor.com announced that the ‘Let America Build’ campaign put on a first-of-its-kind mobile activation highlighting the national housing supply crisis in Boston, driving a glass house mounted on a truck through the city streets, symbolizing America’s staggering 4.03 million-home supply gap. According to a release, the campaign aims to inform the public, elevate housing supply…
Mortgage rates continue to climb, this week reaching their highest point since January 2025, and leaving buyers with an uphill battle at a time when the summer lull typically retreats. And, with a swath of housing indicators–existing home sales, pending home sales, home purchase applications–hitting recent lows or reaching negative territory along with no sign…
Homebuyers and owners looking to refinance pushed the pause button again this week as rates soared over 7%, a move economists attribute to ongoing economic uncertainty and geopolitical forces, namely the continuing conflict in the Middle East. The latest Market Composite Index from the Mortgage Bankers Association (MBA)—its measure of mortgage loan activity volume and…
From portal giants to brokerages, associations, lenders, nonprofits, industry media outlets and more, colleagues from across the real estate industry today came together to launch “Let America Build,” a national public awareness campaign grounded on a simple premise: If America wants more homes, America must build more homes. According to a release detailing the new…
Mortgage rates ticked up again this week, seemingly caught in an ongoing cycle of upward pressure as renewed tensions in the Middle East drive oil prices higher, stoke inflation concerns and push Treasury yields up, bringing mortgage rates along with them. This past week, rates reached a 14-month high at 6.76% for the average 30-year…
Across the West, 35 to 40 million people rely on the Colorado River Basin for water. The region is experiencing a 26-year drought, with Lake Mead, Lake Powell and the Colorado River all at historic low levels, according to the U.S. Department of the Interior. Federal officials issued major restrictions in late August, ordering California,…
As U.S. homebuyers continue to navigate a bittersweet housing market–one where inventory is becoming more balanced in many markets but prices and mortgage rates remain elevated–home purchase application activity pulled back this past week as rates hit their highest point since June 2025. The latest Market Composite Index from the Mortgage Bankers Association (MBA)—its measure…
Above, from left, Keith Smith, Ken Baris, Katy McGrath, Ennis Antoine and John Featherston Housing affordability in the U.S. remains one of the most pressing challenges facing the real estate industry, with the high cost of homes, mortgage rates remaining elevated and limited inventory in many regions continuing to put homeownership out of reach for…
In the-real-estate-market-that-could, home-purchase applications ticked up this past week as increased inventory in many markets seems to be buoying transaction volume, despite weekly ups and downs in activity and rates sustained at elevated levels. The latest Market Composite Index from the Mortgage Bankers Association (MBA)—its measure of mortgage loan activity volume and includes purchases and…
Zillow has reported more than 1.78 million on-time rent payments to credit bureaus at no cost to participating renters since the launch of rent reporting in 2024. More than 78,000 renters had on-time rent payments reported in July, the highest monthly total since launching. According to a release, more than one-third of renters planning a…
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