Let's take a look at some of the expert forecasts from late last year and how they stacked up against their most recent forecasts.

Lending standards have tightened, leading to more qualified buyers who can afford to make their mortgage payments. Data from Freddie Mac and Fannie Mae shows the number of homeowners who are seriously behind on their mortgage payments is declining.

Today we will explore some key real estate metrics that are important to both buyers and sellers in the market. By analyzing these metrics, we can gain valuable insights into the current state of the real estate market and understand the correlation between them.

Buyers are still out there touring homes. In fact they’re more active than they were in May 2022 and certainly more than they were in the last normal years.

The reality is, while increasing, the data shows a foreclosure crisis is not where the market is headed. Let’s look at the latest information with context so we can see how this compares to previous years.

To help emphasize just how limited housing inventory still is, let’s take a look at the latest information on active listings, or homes for sale in a given month, as it compares to more normal levels.

Homebuyers are adapting to today’s mortgage rates and getting used to them as the new normal.

Do all those confusing headlines about the housing market leave you with more questions than answers? That’s hard when you’re trying to decide if you’re ready to buy or sell a home. Get your free guides. They’re designed to make sure you have the information you need to make your decision.

Here are two fundamentals that prove this is one of the most foundationally strong housing markets of our lifetime – if not the strongest housing market of our lifetime.

Owning a home grows your net worth over time as your home appreciates in value and as you pay down your mortgage.