When we move, we typically don’t move far. In fact, between 1989 and 2021, the median distance moved was between 10 and 15 miles. Lately, though, that distance has been growing. In 2022, it grew to almost 50 miles. Today, it’s closer to 20 miles. The pandemic started the trend, with a higher share of potential buyers searching for extra space outside of their metro areas. But according to a new analysis from the National Association of Realtors’ consumer website, the trend hasn’t subsided. Danielle Hale, the website’s chief economist, says there are a number of reasons for this. “Affordability remains a primary driver of home searches, but evolving workplace policies, job opportunities, and shifting local conditions also play a role,” Hale said. The result? During the second quarter of this year, 58.9 percent of online home shoppers in the 100 largest cities looked at listings outside of their current metro area. That’s an 11 percent jump from 2019, when just 48.1 percent of shoppers were looking to live elsewhere. (source)

The housing market has been in flux for the past couple of years. After getting red hot during the pandemic, it began to cool in 2022 when mortgage rates headed higher after spending years near historic lows. That slowed buyer demand and allowed the number of homes available for sale to rebound. Now, hopeful home buyers and sellers are having to adjust to conditions that have changed drastically over the past three years. For example, a new report from the National Association of Realtors found home sellers struggling to find the right price in today’s market. “Price cuts have emerged as a key trend in this spring’s housing market,” the group’s June housing report reads. “With demand softening and competition increasing, sellers are adjusting – albeit selectively. In June, more than 1 in 5 listings saw a price reduction. Yet despite growing markdowns, national median list prices have held steady, suggesting most sellers are still anchored to peak-era expectations.” (source)

There are a few common reasons people decide to buy a house. Things like getting married, starting a family, or a new job are regularly cited by recent home buyers as the reason they decided to buy. Feeling financially secure isn’t typically mentioned but it sure doesn’t hurt. That’s why the results of the Federal Reserve Bank of New York’s June 2025 Survey of Consumer Expectations are encouraging. The survey found Americans are generally feeling more optimistic about their finances this year. In fact, compared to last year at this time, there are a smaller share of households expecting their financial situation to worsen in the next year and a growing share that expect to be in better shape. Respondents also say they expect better access to credit and fewer worries about losing their job. In other words, Americans are feeling more financially optimistic than they’ve been recently and – with home price increases slowing and mortgage rates expected to moderate – that could mean more buyers entering the market in the months ahead. (source)

Home buyers have been feeling discouraged over the past few years. Higher home prices, rising mortgage rates, and a lack of available homes for sale took some of the excitement out of buying a house. Shopping for a house became stressful and buyers grew hesitant. Last summer, for example, Fannie Mae’s Home Purchase Sentiment Index – which measures how Americans feel about buying and selling a home, mortgage rates, home prices, and the economy – found just 17 percent of survey respondents thought it was a good time to buy. Lately, though, there’s been a bit of a turnaround. The most recent survey results show buyers have gotten more optimistic. In fact, the share of participants who think it’s a good time to buy is now up more than 10 percent from last summer. And with price increases slowing, stable mortgage rates, and a growing number of homes for sale, buyer optimism may continue to grow as the year goes on. (source)

There are plenty of exciting things about buying a house. Packing up and moving everything you own isn’t one of them. In fact, according to a new survey, it’s something more than two-thirds of Americans say they dread – so much so, they’d prefer getting a root canal or serving on a jury over having to do it. That’s pretty bad. The survey – conducted by Duck, a brand of moving supplies – found that, despite how much movers dislike the packing process, 32 percent of them are still planning to do the work themselves and 45 percent have started decluttering in hopes of lessening the load and saving some money on supplies and expenses. That might work to cut costs but it won’t box up your belongings or help you move your furniture. That’s what friends and family are for and, fortunately for future movers, 90 percent of Americans say they’re willing to lend a hand. (source)

During the pandemic, a combination of too few homes available for sale and a growing number of interested home buyers caused both home prices and competition between buyers to increase. The market was out of balance and buyers were frustrated. Fortunately, since then, things have changed – price increases have slowed, listings are lasting longer on the market, and there are fewer bidding wars between buyers. It’s due to the rebounding number of homes for sale. In a growing number of housing markets, inventory has improved and, in some, has even returned to pre-pandemic levels. In fact, according to a new analysis from the National Association of Realtors’ consumer website, 22 of the 50 largest U.S. metro areas have more active listings now than they did before the pandemic. Danielle Hale, the website’s chief economist, says affordability conditions and new home construction have helped. “In some areas, affordability concerns have slowed buyer demand, giving the market room to breathe and contributing to gains in homes for sale,” Hale said. “In general, we’re seeing strong inventory rebounds in metros that have built more in the last six years.” In particular, markets in the South and West have shown the most improvement, with Denver, Austin, Seattle, Dallas, and San Antonio leading the list of cities where homes for sale have bounced back. (source)

According to the Mortgage Bankers Association’s Weekly Applications Survey, average mortgage rates fell across all loan categories last week. Rates were down from the week before for 30-year fixed-rate loans with both conforming and jumbo balances, loans backed by the Federal Housing Administration, 15-year fixed-rate loans, and 5/1 ARMs. Joel Kan, MBA’s vice president and deputy chief economist, says rates are now at an almost three-month low. “Mortgage rates were lower across all loan types last week, with the 30-year fixed rate declining to its lowest level since April …,” Kan said. “This decline prompted an increase in refinance applications, driven by a 10 percent increase in conventional applications and a 22 percent increase in VA refinance applications.” Demand for loans to buy homes, on the other hand, was flat week-over-week, registering a 0.1 percent increase. The MBA’s weekly survey has been conducted since 1990 and covers 75 percent of all retail residential mortgage applications. (source)

Typically, prospective home buyers are advised that no more than 28 percent of their income should go toward their mortgage. That’s been the established standard. A house that consumes 28 percent or less of your household income is considered comfortably affordable, meaning you’d likely have no trouble handling its costs and expenses as well as your other financial obligations. These days, though, can a home buyer expect to find a home that meets that standard of affordability? Well, according to ATTOM Data Solutions’ most recent Home Affordability Report, it may be a challenge. The group found the costs associated with a median-priced home now consume 33.7 percent of the average American’s income – a slight increase from 32 percent during the first quarter of this year and almost 6 percent more than the recommended share. Rob Barber, ATTOM’s CEO, says summer buyers should be prepared. “The squeeze is really on for would-be buyers as we go into the summer, which is usually when the housing market is most active,” Barber said. (source)