Moving means a new house, new routines, and a fresh start. Naturally, it can be exciting. But the actual work of moving isn't quite as fun. Packing up a house, sorting through belongings, cleaning out basements, closets, and storage spaces isn't a task most people look forward to. And, depending how long you've lived in your house, there can be a lot to go through. So how many of us pack up our lives and move each year? Well, according to one recent analysis, around 10 percent. In fact, 9.8 percent of Americans moved in 2019, which was the lowest rate since 1947. However, it wasn't much lower than it's been over the past few years. For example, only 10.1 percent moved in both 2017 and 2018. Of course, the fact that fewer of us have been moving in recent years isn't because we can't bear the thought of cleaning out the garage. Factors like the economy, job market, demographics, home prices, and mortgage rates are far more likely to influence how many Americans move in any given year.

In an age of screens and cameras, do words still matter? Well, the short answer is yes. And that's true even for real estate listings, where photos and videos attract most of the attention. A home's description can help highlight features and add vital information that can't be conveyed in a photograph. How the home is described in the listing can also help sway a prospective buyer by adding details that may not have been obvious otherwise. So what are the most common words and phrases found in home listings these days? Well, according to one recent analysis, it depends on how much the home costs. For example, homes under $250,000 commonly emphasized a “new roof” or being “move-in ready,” while more expensive homes were more likely to mention “natural light,” a “gas fireplace,” and “vaulted ceilings.” Overall, the most frequently found phrases for homes under $5 million were: “granite countertops,” “hardwood floors,” “stainless steel appliances,” “open floor plan,” “fenced backyard,” and “covered patio.” Of course, common phrases for homes over $5 million were a bit different. In that price range, listings were more likely to advertise a “wine cellar,” “guest house,” or a “gourmet kitchen.”

According to the Mortgage Bankers Association's Weekly Applications Survey, average mortgage rates for 30-year fixed-rate mortgages with conforming loan balances fell to their lowest level since July 20 last week. Rates for loans backed by the Federal Housing Administration and 15-year fixed-rate loans also fell, while jumbo loans saw no change from one week earlier. Joel Kan, an MBA economist, told CNBC that the rate drop was due to the fact that the Fed has signaled that they may be more cautious when considering further rate hikes this year. “Treasury yields were lower over the week, primarily driven by a release of FOMC minutes showing that Fed officials may be taking a more cautious approach to the final two expected rate hikes of 2018,” Kan said. But, despite the mortgage rate decline, the number of buyers seeking loans to buy homes did not increase. In fact, the MBA's Purchase Index fell 1 percent from the week before, though it remains 3 percent higher than at the same time last year. Refinance activity was also down, dropping 3 percent. The MBA's weekly survey has been conducted since 1990 and covers 75 percent of all retail residential loan applications. More here.

Housing market conditions are always in flux. One year, there will be more homes for sale than there are interested buyers. And the next, there will be more buyers than available homes. If you're thinking about entering the market, it's good to know where things currently stand and what's likely to happen in the coming months. That's because it'll determine what price you pay and for what. These days, buyer demand is outpacing inventory and, because sellers may have more than one offer to choose from, they can expect to get a higher price for their home. But, since the market is ever-changing, eventually the tide will turn. Because of this, a recent analysis asked 100 real estate economists and experts for their best guess as to when the market will once again favor buyers. Their answers varied. Mostly because where you're looking will determine the exact conditions you encounter. For example, buyers in the Midwest may already be seeing signs of a shift, with home price increases beginning to slow due to a higher number of available homes than there are in other areas. Overall, however, respondents saw buyers regaining some leverage sometime in the next year and a half, depending on where they're looking and what they're looking to buy. More here.

New homes only account for about 10 percent of all home sales. But, despite the fact that they are a small share of overall housing market activity, they are a significant factor in the health of the market. That's because new home construction is an important part of keeping the supply of available homes at a healthy level. And, when new homes are selling, builders build more. That's why it's encouraging that the most recent numbers from the U.S. Census Bureau and the Department of Housing and Urban Development show that sales of newly built single-family homes are now 12.8 percent higher than they were at the same time last year. However, though there has been significant improvement over last year's numbers, July's totals came in below economists' expectations. Economists polled by Reuters had predicted a month-over-month improvement but estimates show an approximately 2 percent drop. Still, gradual gains in the new home market make it more likely that builders will continue to add to the stock of homes for sale, helping to moderate prices and offer buyers more choices. More here.

Over the past few years, rising buyer demand combined with a lower-than-normal number of homes for sale has led to higher home prices in markets across the country. And, though the rate at which prices have increased may differ from one market to the next, affordability conditions aren't what they were just a few years ago. However, new data may indicate that change is on the way. That's because there is evidence that home price growth may be starting to slow. In fact, according to one recent analysis, price increases are slowing in almost 75 percent of the nation's largest markets, including Seattle, Orlando, Boston, Los Angeles, and Portland. In some cases, the drop has been dramatic. For example, in Seattle – last year's fastest-appreciating market – the rate at which prices grew fell from 14.2 percent to 9.1 percent. But, though this is undoubtedly good news for buyers interested in purchasing a home, it doesn't mean we're headed for a buyer's market any time real soon. That's because, year-over-year growth is still faster than historically normal. More here.

According to the Mortgage Bankers Association's Weekly Applications Survey, average mortgage rates were mostly flat last week, with little movement seen across all loan categories including 30-year fixed-rate mortgages with both conforming and jumbo balances, loans backed by the Federal Housing Administration, and 15-year fixed-rate loans. The lack of volatility in the mortgage market led to an increase in demand for both refinance and purchase loans. In fact, mortgage demand was up 4.2 percent over the week before. But Joel Kan, an MBA economist, told CNBC that, despite boosted demand last week, overall purchase application volume is still being hampered by “persistent problems of affordability and low inventory.” Still, demand for loans to buy homes is just above where it was last year at this time and buyer demand remains high – though home sales remain strongest on the higher end of the market. The MBA's weekly survey has been conducted since 1990 and covers 75 percent of all retail residential mortgage applications. More here.

The National Association of Home Builders' Housing Market Index measures how optimistic builders are about the new home market. Scored on a scale where any number above 50 indicates more builders view conditions as good than poor, the survey has been conducted for 30 years and is a good indicator of where the current new home market is and where it may be headed. In August, the index fell one point but remains high at 67. Randy Noel, NAHB's chairman, says there are some challenges but overall builders are seeing strong demand for new homes. “The good news is that builders continue to report strong demand for new housing, fueled by steady job and income growth along with rising household formations,” Noel said. “However, they are increasingly focused on growing affordability concerns, stemming from rising construction costs, shortages of skilled labor, and dearth of buildable lots.” Three-month moving averages show the South and West have the highest level of builder confidence with each scoring in the 70s. The Northeast and Midwest score lower, but that may be due to the fact that there are more existing homes available in those regions, leading to less demand for new homes. More here.

Saving for a down payment is one of the biggest obstacles first-time home buyers face. While repeat buyers can use the sale of their home to help fund a down payment on a new house, first timers have to save from scratch. And this can be difficult when also facing hurdles like higher rent payments and student loan debt. But, like everything real-estate related, location matters. In fact, according to a new analysis, saving a down payment for an entry-level home is much easier in some locations than others. For example, after factoring the median household income among millennials and their estimated annual savings, the analysis determined that a first-time home buyer could save for a 20 percent down payment in under five years in 10 major cities, including Chicago, Dallas, Baltimore, St. Louis, Austin, and Washington DC. Of course, the time it takes to save a down payment is longer on the West Coast, where home prices are higher. But considering the fact that a 20 percent down payment is not a requirement, even in pricier areas saving up enough to buy a home is not an unattainable goal. More here.

If you're shopping for a house to buy, you're probably concerned about affordability. After all, even in a buyer's market, house hunters have an interest in getting the best deal. Which means, most prospective home buyers have an eye on home prices and where they're headed. In today's market, the best way to get a feel for what's happening with home values is to look at inventory. That's because, prices have been increasing lately due to the fact that there are more buyers than there are homes for sale. And the quickest way to slow down rising prices is to build more homes. That's why the U.S. Census Bureau and the Department of Housing and Urban Development's new residential construction statistics for July offer some encouraging news. According to the report, permits to build new homes are now 4.2 percent higher than at the same time last year. And, since building permits are a good indicator of future home construction, that means home builders are building more homes, which could mean a better balanced market and more choices for buyers. More here.