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U.S. housing market at a glance
Search for a state or metro, or click one on the map.
Insight11 of 51 states saw home values fall over the past 12 months. Biggest gain: New York (+5.6%). Biggest drop: Nevada (−1.6%).
Home value change, past 12 months · 50 states + DC
Source: Data Provided by Zillow Group · As of Sep 2026
Hover a state for its numbers. Click to zoom in.
United States · Past 12 months
- Typical home value
- $366,157
- ↑ 1.2%past 12 months
- Typical rent
- $1,932/mo
- ↑ 2.7%past 12 months
- Homes for sale
- 1.4M
- Active listings
- Days to pending
- 27
- Median days to contract
- 30-yr mortgage
- 7.24%
- ↓ 0.08 ptsvs last week · national
- Unemployment
- 4.0%
- ↓ 0.30 ptsSep 2026 vs a year earlier
- Permits pulled
- 1,083,662
- ↓ 0.5%year to date vs last year
- Population growth
- +0.5%
- past year
Home values and rents: Data Provided by Zillow Group (Sep 2026). Unemployment: BLS. Permits and population: U.S. Census Bureau. Mortgage rate: Freddie Mac PMMS®.
Fund filings
SEC Form DFilings
594
Sold to date
$49.5B
Median minimum
$50,000
- Madison Sunrise, LLC
CA, filed
$5M
- K&M QOF LLC
CA, filed
Indefinite
- K&M 3 LLC
CA, filed
Indefinite
- TP Urban LLC
CA, filed
Indefinite
Source: SEC EDGAR, Form D · As of Nov 4, 2026
Rates
Change vs prior- 30-year fixed7.24%down 0.08 pts
- 15-year fixed6.60%down 0.08 pts
- 10-year Treasury4.95%down 0.04 pts
Loan benchmarks
- 30-Day Average SOFR
- 3.91%up 0.02 ptsNov 4, 2026
- Prime rate
- 7.00%unchanged 0.00 ptsOct 27, 2026
- Construction loans10.43–12.59%—
- Hard money (fix-and-flip)9.99%—
SOFR is rounded to two decimals, and benchmark changes are calculated by Fidelis First. Construction and hard-money figures are survey-based ranges, not quotes.
Source: Freddie Mac Primary Mortgage Market Survey®; U.S. Treasury, daily par yield curve; Federal Reserve Bank of New York, SOFR Averages; Federal Reserve Board, H.15 Selected Interest Rates; NAHB, AD&C Financing Survey; National Private Lenders Association · As of Nov 4, 2026
The 30-Day Average SOFR is subject to the Terms of Use posted at newyorkfed.org. The New York Fed is not responsible for publication of the 30-Day Average SOFR by Fidelis First, does not sanction or endorse any particular republication, and has no liability for your use.
Migration
Census · IRSNet domestic migration by state, 2025
Gaining people
- North Carolina+84.1K people
- Texas+67.3K people
- South Carolina+66.6K people
- Tennessee+42.4K people
- Arizona+31.1K people
- Georgia+27.3K people
Losing people
- Illinois−40K people
- New York−138K people
- California−229K people
Net income moving in by state: movers’ 2022 income, IRS returns filed 2022–23
Gaining income
- Florida+$20.6B in adjusted gross income
- Texas+$5.5B in adjusted gross income
- South Carolina+$4.1B in adjusted gross income
Losing income
- New York−$9.9B in adjusted gross income
- California−$11.9B in adjusted gross income
Source: U.S. Census Bureau, Population Estimates · As of Jul 2025
Source: IRS Statistics of Income, U.S. Population Migration Data
Fidelis First is not affiliated with or endorsed by the Internal Revenue Service.
Top stories
Wednesday, November 4, 2026
Fed & Rates
Kevin Warsh held rates at 3.75%–4% while Cook and Hammack voted for another hike
The Fed chair declined to preview December, most officials have penciled in at least one more increase, and borrowers on floating-rate construction and bridge loans have the most to plan for.
Alex Pham · Nov 3 · 4 min read
Fund Raises
Brookfield and CPP Investments closed their $5.2 billion buyout of LXP Industrial
Katia Clara · Nov 3 · 3 min read
Business
Amazon’s planned data center spending in northwest Louisiana reached $18 billion
Raymond de Clairmont · Nov 3 · 3 min read
Fund Raises
Blackstone's real estate arm fell to $309 billion as Jon Gray raised cap rates
Katia Clara · Nov 3 · 3 min read
Policy
FICO shares fell 24% after Pulte put VantageScore on the same price grid
Alex Pham · Nov 3 · 3 min read
What the big money is doing
Who is raising, buying and building, told through the people moving the money. Every story cites its sources.
Industry news by top CEOs (and the Fed)
MarketsApollo is paying $1.34 billion for two-thirds of 19 UDR apartment communitiesNov 3, 2026 · 4 min read
BusinessCostco plans $7.5 billion of spending in fiscal 2027 to open 33 warehousesNov 3, 2026 · 3 min read
BusinessMerck, GSK and PhilaPort committed $4.5 billion around Philadelphia in one weekNov 3, 2026 · 3 min read
BusinessChipotle opened 84 restaurants last quarter as Starbucks closed about 250Nov 3, 2026 · 3 min read
BusinessSmall workplaces posted 3.6 million job openings in September, up 20% in a yearNov 3, 2026 · 3 min read
MarketsResidential construction spending fell 5.5% in September, office spending rose 5.5%Nov 3, 2026 · 3 min read
Developers
HomebuildersD.R. Horton spent $3.6 billion on its own stock and owns 23% of its lotsNov 3, 2026 · 3 min read$3.6B
HomebuildersDream Finders closed its $2.2 billion Beazer deal with $1.1 billion from MillroseNov 3, 2026 · 3 min read$2.2B
HomebuildersLGI’s cancellation rate hit 48.9% as Century’s locked loans averaged about 4.9%Nov 3, 2026 · 3 min read48.9%
HomebuildersGreen Brick earned a 28% margin on its own land, Dream Finders 14.9%Nov 3, 2026 · 3 min read28.0%
HomebuildersMargins fell at all seven builders we tracked, with incentives near 11% to 12%Nov 3, 2026 · 3 min read12%
HomebuildersLennar has $7.33 billion in land deposits while LGI owns 86% of its lotsNov 3, 2026 · 3 min read$7.33B
Rates
How borrowing costs have moved
The 30-year fixed mortgage rate is 7.24%, up 1.05 points from 12 months ago.
| Rate | Latest | 12 months ago | Change | Trend |
|---|---|---|---|---|
| 30-year fixed mortgageFreddie Mac Primary Mortgage Market Survey® · as of Oct 29, 2026 | 7.24% | 6.19% | ▲ 1.05 pts | |
| 15-year fixed mortgageFreddie Mac Primary Mortgage Market Survey® · as of Oct 29, 2026 | 6.60% | 5.44% | ▲ 1.16 pts | |
| 10-year TreasuryU.S. Treasury, daily par yield curve · as of Nov 3, 2026 | 4.95% | 4.11% | ▲ 0.84 pts | |
| 30-Day Average SOFRFederal Reserve Bank of New York, SOFR Averages · as of Nov 4, 2026 | 3.91% | 4.20% | ▼ 0.29 pts | |
| Prime rateFederal Reserve Board, H.15 Selected Interest Rates · as of Oct 27, 2026 | 7.00% | 7.25% | ▼ 0.25 pts |
Construction loans and hard money are indicative ranges from industry surveys and aren’t tracked week to week, so they’re in the rates card above, not here. 30-Day Average SOFR rounded and changes calculated by Fidelis First. The 30-Day Average SOFR is subject to the Terms of Use posted at newyorkfed.org. The New York Fed is not responsible for publication of the 30-Day Average SOFR by Fidelis First, does not sanction or endorse any particular republication, and has no liability for your use.