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Homeowners insurance premiums have surged from $1,902 to $2,530 since 2020, with inland states like Minnesota, Iowa, and Vermont now facing coastal-style rate hikes as climate disasters reshape the insurance market.
The typical U.S. home that sold in January spent 64 days on the market, the longest in six years. Home sellers now outnumber buyers by a record gap as the housing market undergoes its most significant rebalancing since the pandemic.
At age 35, just 56% of millennials own a home compared to 61.5% of baby boomers at the same age. The average homeowner now holds $231,420 in wealth versus $5,200 for the average renter.
U.S. homeowners hold a record $17.6 trillion in equity with $11.5 trillion tappable. First-quarter HELOC withdrawals rose 22% to nearly $25 billion, the largest in 17 years.
The 30-year fixed mortgage rate averaged 6.09% as of February 12, 2026, its lowest level since early 2023. Freddie Mac reports purchase application activity is now higher than a year ago as affordability improves.
JPMorgan projects home prices will fall in 22 U.S. cities in 2026, with Florida and Texas markets leading the decline as the pandemic-era migration boom reverses and inventory floods the market.
National rents have fallen to their lowest level in four years as a historic wave of multifamily construction floods the market with new units. Vacancy rates are rising toward 6%, and 2026 is shaping up to be the most renter-friendly year in a decade.
The 30-year mortgage rate has fallen to 5.87%, its lowest since early 2022, driving a 117% year-over-year surge in refinancing applications as millions of homeowners locked into rates above 7% race to lower their payments.
Mortgage rates have settled near 6.09% as of mid-February, their lowest level in nearly three years. Nearly 5 million homeowners are now 'in the money' to refinance, and the window may not last.
Freddie Mac's weekly rate survey shows the 30-year fixed mortgage at 6.09%, down from 6.87% a year ago, quietly opening a refinancing window for millions of homeowners who locked in rates above 7% in 2023 and 2024.
The National Association of Realtors reported January existing home sales fell 4.9% to a 4.13 million annual pace, partially reversing December's 5.1% gain, while mortgage rates below 6% are creating a rare entry point for patient buyers.
Zillow data shows home prices are declining in half of America's 50 largest metro areas while mortgage rates drop below 6% for the first time in three years, creating what may be the best buying opportunity since before the pandemic.