Forest City Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Forest City averaged
7.1%
for the week of 2023-03-16, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2023-03-09) was
6.93% and
one month ago for the week of 2023-02-09, the
average rate was 6.42%.
Forest City's average rate one year ago was 3.19%.
For refis of the same type during the week of 2023-03-16, the average rate
was 6.64%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
| Forest City 30 Year Fixed Rate | 2023-03-16 | 7.1% |
| Forest City 30 Year Fixed Rate Refi | 2023-03-16 | 6.64% |
| Forest City 15 Year Fixed Rate | 2023-03-16 | 6.48% |
| Forest City 15 Year Fixed Rate Refi | 2023-03-16 | 6.5% |
| Forest City 30 Year FHA | 2023-03-16 | 6.23% |
| Forest City 30 Year FHA Refi | 2023-03-16 | 5.9% |
| Forest City 30 Year USDA | 2023-03-16 | 6.67% |
| Forest City 30 Year USDA Refi | 2023-03-16 | 6% |
| Forest City 30 Year VA | 2023-03-16 | 6.19% |
| Forest City 30 Year VA Refi | 2023-03-16 | 5.87% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Forest City, NC.
Forest City Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Forest City, NC market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
Forest City Average Closing Costs & Other Stats
Forest City, NC's 141 lenders originated 1,907
loans during 2022. The total origination value was $381,815,000, with an average loan value of
$200,218.
Forest City's average closing costs are $4,503.
The top Forest City lender as defined by loan originations is STATE EMPLOYEES', with
173 loans originated. Their average total fees are
$3,791, which is $968
lower than the next largest lender,
MOVEMENT MORTGAGE, LLC.
The lowest fee Forest City lenders (with over 10 loans originated) are
HomeTrust Bank ($3,480), Truist ($3,552), LOCAL GOVERNMENT FEDERAL CREDIT UNION ($3,570), Wells Fargo Bank ($3,704) and STATE EMPLOYEES' ($3,791).
The lowest rate Forest City lenders (with over 10 loans originated) are
LOCAL GOVERNMENT FEDERAL CREDIT UNION (3.89%), STATE EMPLOYEES' (4.06%), Truist (4.33%), First-Citizens Bank & Trust Company (4.39%) and Wells Fargo Bank (4.73%).
Forest City, NC Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| STATE EMPLOYEES' | $55,800,000 | $58,360,000 | 4.6% | 15.3% |
| QUICKEN LOANS, LLC | $40,630,000 | $23,420,000 | -42.4% | 6.1% |
| MOVEMENT MORTGAGE, LLC | $37,135,000 | $21,275,000 | -42.7% | 5.6% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $28,620,000 | $15,955,000 | -44.3% | 4.2% |
| LOCAL GOVERNMENT FEDERAL CREDIT UNION | $14,610,000 | $11,380,000 | -22.1% | 3.0% |
| First-Citizens Bank & Trust Company | $9,470,000 | $10,775,000 | 13.8% | 2.8% |
| HomeTrust Bank | $15,270,000 | $9,290,000 | -39.2% | 2.4% |
| Truist | $11,490,000 | $8,635,000 | -24.8% | 2.3% |
| PNC Bank | $6,890,000 | $8,150,000 | 18.3% | 2.1% |
| Mortgage Research Center, LLC | $8,435,000 | $8,110,000 | -3.9% | 2.1% |
| HOMESTAR FINANCIAL CORPORATION | $11,165,000 | $6,865,000 | -38.5% | 1.8% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $4,595,000 | $5,685,000 | 23.7% | 1.5% |
| Wells Fargo Bank | $10,410,000 | $5,200,000 | -50.0% | 1.4% |
| UNITED WHOLESALE MORTGAGE, LLC | $4,365,000 | $5,015,000 | 14.9% | 1.3% |
| Fifth Third Bank | $3,005,000 | $4,610,000 | 53.4% | 1.2% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $3,880,000 | $4,525,000 | 16.6% | 1.2% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $4,495,000 | $4,320,000 | -3.9% | 1.1% |
| NAVY FEDERAL CREDIT UNION | $3,915,000 | $4,145,000 | 5.9% | 1.1% |
| TD Bank | $1,160,000 | $4,035,000 | 247.8% | 1.1% |
| United Community Bank | $3,405,000 | $3,955,000 | 16.2% | 1.0% |
| UNITED | $2,430,000 | $3,690,000 | 51.9% | 1.0% |
| Bank of America | $7,365,000 | $3,670,000 | -50.2% | 1.0% |
| T2 FINANCIAL LLC | $175,000 | $3,530,000 | 1,917.1% | 0.9% |
| GUARANTEED RATE, INC. | $4,375,000 | $3,365,000 | -23.1% | 0.9% |
| Citizens Bank | $3,415,000 | $3,185,000 | -6.7% | 0.8% |
| LOANDEPOT.COM, LLC | $7,955,000 | $3,170,000 | -60.2% | 0.8% |
| Bank of England | $2,110,000 | $3,080,000 | 46.0% | 0.8% |
| United Bank | $6,910,000 | $3,030,000 | -56.2% | 0.8% |
| PENNYMAC LOAN SERVICES, LLC | $5,225,000 | $2,990,000 | -42.8% | 0.8% |
| BROKER SOLUTIONS, INC. | $2,245,000 | $2,925,000 | 30.3% | 0.8% |
| Northpointe Bank | $235,000 | $2,910,000 | 1,138.3% | 0.8% |
| CROSSCOUNTRY MORTGAGE, LLC | $2,675,000 | $2,720,000 | 1.7% | 0.7% |
| The Park National Bank | $1,045,000 | $2,715,000 | 159.8% | 0.7% |
| South State Bank | $2,660,000 | $2,620,000 | -1.5% | 0.7% |
| Mr. Cooper ( Nationstar Mortgage ) | $2,695,000 | $2,580,000 | -4.3% | 0.7% |
| AMERISAVE MORTGAGE CORPORATION | $5,680,000 | $2,335,000 | -58.9% | 0.6% |
| AgFirst Farm Credit Bank | $1,055,000 | $2,295,000 | 117.5% | 0.6% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $3,335,000 | $2,250,000 | -32.5% | 0.6% |
| JPMorgan Chase Bank | $3,260,000 | $2,245,000 | -31.1% | 0.6% |
| Pinnacle Bank | $910,000 | $2,210,000 | 142.9% | 0.6% |
| FREEDOM MORTGAGE CORPORATION | $7,070,000 | $2,195,000 | -69.0% | 0.6% |
| GoPrime Mortgage, Inc. | $2,215,000 | $1,990,000 | -10.2% | 0.5% |
| Regions Bank | $865,000 | $1,925,000 | 122.5% | 0.5% |
| HOMESIDE FINANCIAL, LLC | $1,435,000 | $1,920,000 | 33.8% | 0.5% |
| Ameris Bank | $1,300,000 | $1,915,000 | 47.3% | 0.5% |
| Bryant Bank | $1,835,000 | n/a | 0.5% | |
| USAA Federal Savings Bank | $2,080,000 | $1,735,000 | -16.6% | 0.5% |
| American Security Mortgage Corp. | $2,380,000 | $1,720,000 | -27.7% | 0.5% |
| U.S. Bank | $2,820,000 | $1,680,000 | -40.4% | 0.4% |
| GUILD MORTGAGE COMPANY | $1,005,000 | $1,670,000 | 66.2% | 0.4% |
| Flagstar Bank, FSB | $2,135,000 | $1,605,000 | -24.8% | 0.4% |
| The Fidelity Bank | $2,265,000 | $1,545,000 | -31.8% | 0.4% |
| First Bank | $1,580,000 | $1,490,000 | -5.7% | 0.4% |
| CHARLOTTE METRO FEDERAL CREDIT UNION | $1,420,000 | n/a | 0.4% | |
| Wyndham Capital Mortgage, Inc. | $2,585,000 | $1,385,000 | -46.4% | 0.4% |
| UNION HOME MORTGAGE CORP. | $1,760,000 | $1,335,000 | -24.1% | 0.3% |
| The Federal Savings Bank | $495,000 | $1,325,000 | 167.7% | 0.3% |
| First National Bank of Pennsylvania | $1,300,000 | n/a | 0.3% | |
| RESOURCE FINANCIAL SERVICES, INC. | $1,395,000 | $1,240,000 | -11.1% | 0.3% |
| Synovus Bank | $1,190,000 | n/a | 0.3% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $2,260,000 | $1,145,000 | -49.3% | 0.3% |
| INTERCOASTAL MORTGAGE COMPANY | $360,000 | $1,115,000 | 209.7% | 0.3% |
| Barrington Bank & Trust Company, N.A. | $315,000 | $1,090,000 | 246.0% | 0.3% |
| ACOPIA, LLC | $1,245,000 | $1,060,000 | -14.9% | 0.3% |
| FOUNDERS FEDERAL CREDIT UNION | $1,045,000 | n/a | 0.3% | |
| Hometown Equity Mortgage, LLC | $1,045,000 | n/a | 0.3% | |
| Arthur State Bank | $455,000 | $1,030,000 | 126.4% | 0.3% |
| Uwharrie Bank | $1,010,000 | n/a | 0.3% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $1,040,000 | $890,000 | -14.4% | 0.2% |
| The Huntington National Bank | $870,000 | n/a | 0.2% | |
| Baxter Credit Union | $345,000 | $835,000 | 142.0% | 0.2% |
| TEACHERS | $825,000 | n/a | 0.2% | |
| First Home Bank | $805,000 | n/a | 0.2% | |
| Truliant Federal Credit Union | $1,360,000 | $805,000 | -40.8% | 0.2% |
| Commerce Home Mortgage, Inc. | $800,000 | n/a | 0.2% | |
| BETTER MORTGAGE CORPORATION | $3,165,000 | $795,000 | -74.9% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $1,990,000 | $795,000 | -60.1% | 0.2% |
| LENDINGHOME FUNDING CORPORATION | $95,000 | $765,000 | 705.3% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,250,000 | $760,000 | -39.2% | 0.2% |
| INTERLINC MORTGAGE SERVICES, LLC | $755,000 | n/a | 0.2% | |
| Queensborough National Bank & Trust Company | $755,000 | n/a | 0.2% | |
| UBS Bank USA | $1,085,000 | $755,000 | -30.4% | 0.2% |
| AMERIFIRST FINANCIAL CORPORATION | $885,000 | $745,000 | -15.8% | 0.2% |
| RAPID MORTGAGE COMPANY | $485,000 | $745,000 | 53.6% | 0.2% |
| CALIBER HOME LOANS, INC. | $1,215,000 | $740,000 | -39.1% | 0.2% |
| Alcova Mortgage LLC | $1,980,000 | $725,000 | -63.4% | 0.2% |
| PENTAGON FEDERAL CREDIT UNION | $1,150,000 | $725,000 | -37.0% | 0.2% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $895,000 | $715,000 | -20.1% | 0.2% |
| Champion Credit Union | $675,000 | $695,000 | 3.0% | 0.2% |
| Dollar Bank, Federal Savings Bank | $790,000 | $690,000 | -12.7% | 0.2% |
| BAY EQUITY LLC | $990,000 | $685,000 | -30.8% | 0.2% |
| RESIDENTIAL BANCORP. | $680,000 | n/a | 0.2% | |
| Nations Lending Corporation | $365,000 | $675,000 | 84.9% | 0.2% |
| EMM LOANS LLC | $225,000 | $670,000 | 197.8% | 0.2% |
| Towne Bank | $11,340,000 | $660,000 | -94.2% | 0.2% |
| CAROLINAS TELCO FEDERAL CREDIT UNION | $655,000 | n/a | 0.2% | |
| NEWREZ LLC | $1,705,000 | $650,000 | -61.9% | 0.2% |
| Bethpage Federal Credit Union | $635,000 | n/a | 0.2% | |
| Equity Prime Mortgage LLC | $155,000 | $630,000 | 306.5% | 0.2% |
| George Mason Mortgage, LLC | $625,000 | n/a | 0.2% | |
| BNC National Bank | $615,000 | n/a | 0.2% | |
| Carolina Farm Credit, ACA | $615,000 | n/a | 0.2% | |
| CITIZENS EQUITY FIRST | $615,000 | n/a | 0.2% | |
| FIRST HOME MORTGAGE CORPORATION | $420,000 | $615,000 | 46.4% | 0.2% |
| SOUTHWEST STAGE FUNDING, LLC | $820,000 | $595,000 | -27.4% | 0.2% |
| Peoples Bank | $585,000 | n/a | 0.2% | |
| First Guaranty Mortgage Corporation | $1,005,000 | $570,000 | -43.3% | 0.1% |
| Corporate Investors Mortgage Group, Inc. | $215,000 | $565,000 | 162.8% | 0.1% |
| Evolve Bank & Trust | $560,000 | n/a | 0.1% | |
| Carrington Mortgage Services, LLC | $545,000 | $550,000 | 0.9% | 0.1% |
| MIDLAND MORTGAGE CORPORATION | $865,000 | $545,000 | -37.0% | 0.1% |
| CORNERSTONE HOME LENDING, INC. | $720,000 | $540,000 | -25.0% | 0.1% |
| AMERICAN FINANCING CORPORATION | $1,540,000 | $535,000 | -65.3% | 0.1% |
| NETWORK CAPITAL FUNDING CORPORATION | $525,000 | n/a | 0.1% | |
| Atlantic Coast Mortgage, LLC | $515,000 | n/a | 0.1% | |
| Bank of Tennessee | $505,000 | n/a | 0.1% | |
| BAYER HERITAGE | $495,000 | n/a | 0.1% | |
| MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION | $495,000 | n/a | 0.1% | |
| First Horizon Bank | $480,000 | n/a | 0.1% | |
| LOANPAL, LLC | $445,000 | $480,000 | 7.9% | 0.1% |
| NBKC BANK | $1,885,000 | $480,000 | -74.5% | 0.1% |
| 1ST SIGNATURE LENDING, LLC | $470,000 | n/a | 0.1% | |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $470,000 | n/a | 0.1% | |
| COASTAL Federal Credit Union | $735,000 | $465,000 | -36.7% | 0.1% |
| Bank OZK | $630,000 | $460,000 | -27.0% | 0.1% |
| RADIUS FINANCIAL GROUP INC. | $560,000 | $460,000 | -17.9% | 0.1% |
| Mid-Continent Funding, Inc. | $280,000 | $440,000 | 57.1% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $805,000 | $440,000 | -45.3% | 0.1% |
| AmeriHome Mortgage Company, LLC | $1,755,000 | $435,000 | -75.2% | 0.1% |
| RUOFF MORTGAGE COMPANY, INC. | $385,000 | $430,000 | 11.7% | 0.1% |
| RELIANCE FIRST CAPITAL, LLC | $330,000 | $425,000 | 28.8% | 0.1% |
| SHARONVIEW FEDERAL CREDIT UNION | $1,085,000 | $425,000 | -60.8% | 0.1% |
| KeyBank | $415,000 | n/a | 0.1% | |
| 21ST MORTGAGE CORPORATION | $375,000 | $405,000 | 8.0% | 0.1% |
| MID AMERICA MORTGAGE, INC. | $400,000 | n/a | 0.1% | |
| Citibank | $385,000 | n/a | 0.1% | |
| Figure Lending LLC | $130,000 | $380,000 | 192.3% | 0.1% |
| HOME POINT FINANCIAL CORPORATION | $1,315,000 | $375,000 | -71.5% | 0.1% |
| SOUTHPOINT FINANCIAL SERVICES, INC. | $145,000 | $365,000 | 151.7% | 0.1% |
| ALLIED MORTGAGE GROUP, INC. | $225,000 | $360,000 | 60.0% | 0.1% |
| First Federal Bank | $265,000 | $345,000 | 30.2% | 0.1% |
| LAND HOME FINANCIAL SERVICES, INC. | $345,000 | n/a | 0.1% | |
| Blue Ridge Bank | $4,790,000 | $335,000 | -93.0% | 0.1% |
| SPRING EQ, LLC | $335,000 | n/a | 0.1% | |
| THE MORTGAGE FIRM, INC. | $2,055,000 | $325,000 | -84.2% | 0.1% |
| PHH Mortgage Corporation | $700,000 | $320,000 | -54.3% | 0.1% |
| DIRECT MORTGAGE LOANS, LLC | $1,375,000 | $315,000 | -77.1% | 0.1% |
| NEW DAY FINANCIAL, LLC | $2,035,000 | $310,000 | -84.8% | 0.1% |
| Hometown Lenders, Inc. | $220,000 | $305,000 | 38.6% | 0.1% |
| NFM, INC. | $330,000 | $305,000 | -7.6% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $125,000 | $305,000 | 144.0% | 0.1% |
| F & M BANK CORP. | $295,000 | n/a | 0.1% | |
| DOMINION FINANCIAL SERVICES, LLC | $290,000 | $285,000 | -1.7% | 0.1% |
| Mortgage Network, Inc. | $1,710,000 | $275,000 | -83.9% | 0.1% |
| Discover Bank | $55,000 | $270,000 | 390.9% | 0.1% |
| EQUITY RESOURCES, INC. | $425,000 | $270,000 | -36.5% | 0.1% |
| Magnolia Bank | $610,000 | $265,000 | -56.6% | 0.1% |
| Strong Home Mortgage, LLC | $265,000 | n/a | 0.1% | |
| NexBank | $85,000 | $255,000 | 200.0% | 0.1% |
| Towne Mortgage of the Carolinas, LLC | $255,000 | n/a | 0.1% | |
| TRIAD FINANCIAL SERVICES, INC. | $255,000 | n/a | 0.1% | |
| SOVEREIGN LENDING GROUP INCORPORATED | $820,000 | $245,000 | -70.1% | 0.1% |
| FIRST SAVINGS MORTGAGE CORPORATION | $225,000 | n/a | 0.1% | |
| GENEVA FINANCIAL, LLC | $225,000 | n/a | 0.1% | |
| ACADEMY MORTGAGE CORPORATION | $215,000 | n/a | 0.1% | |
| CHURCHILL MORTGAGE CORPORATION | $785,000 | $215,000 | -72.6% | 0.1% |
| GTE Federal Credit Union | $215,000 | n/a | 0.1% | |
| Merchants Bank of Indiana | $215,000 | n/a | 0.1% | |
| CORNING | $205,000 | n/a | 0.1% | |
| Platinum Home Mortgage Corporation | $265,000 | $205,000 | -22.6% | 0.1% |
| Valley National Bank | $205,000 | n/a | 0.1% | |
| EVERETT FINANCIAL, INC. | $195,000 | n/a | 0.1% | |
| FINANCE OF AMERICA MORTGAGE LLC | $195,000 | n/a | 0.1% | |
| MORIA DEVELOPMENT, INC. | $195,000 | n/a | 0.1% | |
| Northwest Federal Credit Union | $105,000 | $185,000 | 76.2% | 0.0% |
| AMERICAN ADVISORS GROUP | $355,000 | $175,000 | -50.7% | 0.0% |
| Cornerstone First Mortgage, Inc | $175,000 | n/a | 0.0% | |
| SeaTrust Mortgage Company | $500,000 | $175,000 | -65.0% | 0.0% |
| VILLAGE CAPITAL MORTGAGE | $2,150,000 | $170,000 | -92.1% | 0.0% |
| LIBERTY HOME MORTGAGE CORPORATION | $165,000 | n/a | 0.0% | |
| DELTA COMMUNITY CREDIT UNION | $155,000 | n/a | 0.0% | |
| North American Savings Bank, F.S.B. | $155,000 | n/a | 0.0% | |
| Secured Investment Corp. | $155,000 | n/a | 0.0% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $145,000 | n/a | 0.0% | |
| CLEARPATH LENDING | $1,015,000 | $145,000 | -85.7% | 0.0% |
| NATION ONE MORTGAGE CORPORATION | $145,000 | n/a | 0.0% | |
| ON Q FINANCIAL, INC. | $95,000 | $145,000 | 52.6% | 0.0% |
| TruHome Solutions, LLC | $145,000 | n/a | 0.0% | |
| BANK OF LITTLE ROCK MORTGAGE CORPORATION | $135,000 | n/a | 0.0% | |
| COUNTRYPLACE MORTGAGE, LTD. | $135,000 | n/a | 0.0% | |
| LIMA ONE CAPITAL, LLC | $135,000 | n/a | 0.0% | |
| Telco Community Credit Union | $125,000 | $135,000 | 8.0% | 0.0% |
| WINGS FINANCIAL | $135,000 | n/a | 0.0% | |
| Carter Bank & Trust | $130,000 | n/a | 0.0% | |
| EASTMAN | $125,000 | n/a | 0.0% | |
| PLANET HOME LENDING, LLC | $125,000 | n/a | 0.0% | |
| GUARANTEED RATE AFFINITY, LLC | $415,000 | $115,000 | -72.3% | 0.0% |
| American Airlines Federal Credit Union | $485,000 | $105,000 | -78.4% | 0.0% |
| BankPlus | $105,000 | n/a | 0.0% | |
| Beverly - Hanks Mortgage Services, Inc. | $95,000 | n/a | 0.0% | |
| First Reliance Bank | $85,000 | n/a | 0.0% | |
| UTILITIES EMPLOYEES CREDIT UNION | $85,000 | n/a | 0.0% | |
| ANDREWS FEDERAL CREDIT UNION | $75,000 | n/a | 0.0% | |
| FINANCE OF AMERICA REVERSE LLC | $345,000 | $75,000 | -78.3% | 0.0% |
| N R L Federal Credit Union | $125,000 | $75,000 | -40.0% | 0.0% |
| ALLEGACY FEDERAL CREDIT UNION | $810,000 | $65,000 | -92.0% | 0.0% |
| BMO Harris Bank | $55,000 | n/a | 0.0% | |
| ILLINOIS STATE CREDIT UNION | $55,000 | n/a | 0.0% | |
| MORTGAGE EQUITY PARTNERS LLC | $315,000 | $55,000 | -82.5% | 0.0% |
| Santander Bank, N.A. | $55,000 | n/a | 0.0% |
Forest City's top lender by overall market share is STATE EMPLOYEES', with 15.3% market share. In second place, with 6.1%, is QUICKEN LOANS, LLC, having originated $23,420,000 in loans. In third place, with 5.6%, is MOVEMENT MORTGAGE, LLC, having originated $21,275,000 in loans. In fourth place, with 4.2%, is ATLANTIC BAY MORTGAGE GROUP, L.L.C., having originated $15,955,000 in loans. In fifth place, with 3.0%, is LOCAL GOVERNMENT FEDERAL CREDIT UNION, having originated $11,380,000 in loans.
Forest City Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Forest City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
|---|---|---|---|---|
| 2018-01-01 | $229,900 (8.2%) | $351,676 (14.8%) | 0.00 | 423 |
| 2018-02-01 | $229,000 (5.3%) | $365,681 (19.2%) | 0.00 | 398 |
| 2018-03-01 | $229,900 (5.8%) | $372,238 (20.2%) | 0.00 | 409 |
| 2018-04-01 | $247,175 (9.9%) | $387,957 (19.4%) | 0.00 | 431 |
| 2018-05-01 | $259,575 (8.2%) | $402,605 (19.1%) | 0.00 | 461 |
| 2018-06-01 | $295,000 (19.0%) | $448,691 (30.5%) | 0.00 | 426 |
| 2018-07-01 | $293,000 (17.4%) | $445,459 (27.4%) | 0.00 | 465 |
| 2018-08-01 | $299,900 (17.8%) | $462,746 (31.3%) | 0.00 | 465 |
| 2018-09-01 | $299,900 (15.8%) | $462,433 (28.5%) | 0.00 | 496 |
| 2018-10-01 | $299,225 (12.9%) | $448,715 (21.7%) | 0.00 | 482 |
| 2018-11-01 | $299,000 (15.4%) | $442,060 (18.3%) | 0.00 | 479 |
| 2018-12-01 | $299,900 (20.0%) | $444,101 (18.8%) | 0.00 | 444 |
| 2019-01-01 | $299,450 (30.3%) | $446,051 (26.8%) | 0.00 | 420 |
| 2019-02-01 | $299,900 (31.0%) | $445,973 (22.0%) | 0.00 | 414 |
| 2019-03-01 | $299,386 (30.2%) | $435,465 (17.0%) | 0.00 | 438 |
| 2019-04-01 | $299,900 (21.3%) | $439,636 (13.3%) | 0.00 | 453 |
| 2019-05-01 | $299,900 (15.5%) | $434,264 (7.9%) | 0.00 | 485 |
| 2019-06-01 | $300,000 (1.7%) | $443,833 (-1.1%) | 0.00 | 507 |
| 2019-07-01 | $312,500 (6.7%) | $440,022 (-1.2%) | 0.00 | 492 |
| 2019-08-01 | $314,482 (4.9%) | $434,023 (-6.2%) | 0.00 | 478 |
| 2019-09-01 | $306,280 (2.1%) | $430,408 (-6.9%) | 0.00 | 467 |
| 2019-10-01 | $299,450 (0.1%) | $425,555 (-5.2%) | 0.00 | 461 |
| 2019-11-01 | $297,000 (-0.7%) | $409,505 (-7.4%) | 0.00 | 433 |
| 2019-12-01 | $287,475 (-4.1%) | $399,899 (-10.0%) | 0.00 | 389 |
| 2020-01-01 | $298,000 (-0.5%) | $413,424 (-7.3%) | 0.00 | 310 |
| 2020-02-01 | $294,950 (-1.7%) | $417,965 (-6.3%) | 0.00 | 293 |
| 2020-03-01 | $299,000 (-0.1%) | $427,951 (-1.7%) | 0.00 | 294 |
| 2020-04-01 | $295,500 (-1.5%) | $430,272 (-2.1%) | 0.00 | 294 |
| 2020-05-01 | $325,000 (8.4%) | $450,147 (3.7%) | 0.00 | 274 |
| 2020-06-01 | $349,800 (16.6%) | $462,361 (4.2%) | 0.00 | 254 |
| 2020-07-01 | $349,900 (12.0%) | $470,747 (7.0%) | 0.00 | 231 |
| 2020-08-01 | $349,000 (11.0%) | $471,745 (8.7%) | 0.00 | 200 |
| 2020-09-01 | $349,000 (14.0%) | $473,777 (10.1%) | 0.00 | 163 |
| 2020-10-01 | $312,000 (4.2%) | $442,113 (3.9%) | 0.00 | 157 |
| 2020-11-01 | $299,250 (0.8%) | $434,808 (6.2%) | 0.00 | 150 |
| 2020-12-01 | $298,225 (3.7%) | $443,495 (10.9%) | 0.00 | 128 |
| 2021-01-01 | $284,500 (-4.5%) | $412,099 (-0.3%) | 0.00 | 109 |
| 2021-02-01 | $269,900 (-8.5%) | $396,613 (-5.1%) | 0.00 | 109 |
| 2021-03-01 | $278,200 (-7.0%) | $441,213 (3.1%) | 0.00 | 84 |
| 2021-04-01 | $307,975 (4.2%) | $478,908 (11.3%) | 0.00 | 79 |
| 2021-05-01 | $414,600 (27.6%) | $539,821 (19.9%) | 0.00 | 84 |
| 2021-06-01 | $409,375 (17.0%) | $527,544 (14.1%) | 0.00 | 114 |
| 2021-07-01 | $349,000 (-0.3%) | $482,663 (2.5%) | 0.00 | 134 |
| 2021-08-01 | $344,500 (-1.3%) | $478,854 (1.5%) | 0.00 | 137 |
| 2021-09-01 | $361,950 (3.7%) | $496,566 (4.8%) | 0.00 | 127 |
| 2021-10-01 | $344,000 (10.3%) | $486,376 (10.0%) | 0.00 | 133 |
| 2021-11-01 | $340,000 (13.6%) | $458,302 (5.4%) | 0.00 | 117 |
| 2021-12-01 | $345,000 (15.7%) | $475,651 (7.3%) | 0.00 | 116 |
| 2022-01-01 | $320,000 (12.5%) | $458,027 (11.1%) | 0.00 | 95 |
| 2022-02-01 | $327,500 (21.3%) | $451,837 (13.9%) | 0.00 | 84 |
| 2022-03-01 | $377,200 (35.6%) | $492,847 (11.7%) | 0.00 | 78 |
| 2022-04-01 | $400,000 (29.9%) | $503,768 (5.2%) | 0.00 | 79 |
| 2022-05-01 | $332,725 (-19.8%) | $474,891 (-12.0%) | 0.00 | 96 |
| 2022-06-01 | $325,450 (-20.5%) | $488,440 (-7.4%) | 0.00 | 108 |
| 2022-07-01 | $335,000 (-4.0%) | $499,314 (3.5%) | 0.00 | 155 |
| 2022-08-01 | $343,975 (-0.2%) | $493,602 (3.1%) | 0.00 | 180 |
| 2022-09-01 | $345,450 (-4.6%) | $502,280 (1.2%) | 0.00 | 165 |
| 2022-10-01 | $349,900 (1.7%) | $490,634 (0.9%) | 0.00 | 178 |
| 2022-11-01 | $348,450 (2.5%) | $517,655 (13.0%) | 0.00 | 174 |
| 2022-12-01 | $330,000 (-4.4%) | $499,296 (5.0%) | 0.00 | 175 |
| 2023-01-01 | $324,000 (1.3%) | $468,131 (2.2%) | 0.00 | 152 |
| 2023-02-01 | $325,000 (-0.8%) | $487,416 (7.9%) | 0.00 | 120 |
Forest City's median listing price for 2023-02-01 was $325,000, a difference of
$-2,500
(-0.8%) versus the prior year and
$1,000 versus the prior month.
Forest City's median listing price comes in at 0% of the national average.
Forest City's average listing price for 2023-02-01 was $487,416, a difference of $35,579 (7.9%) versus the prior year and $19,285 versus the prior month.
For the 2023-02-01 period, Forest City had 120 MLS listings, a difference of -32 listings (-21%) versus the prior month and 36 listings (43%) versus the prior year.
Forest City's median listing price comes in at 0% of the national average.
Forest City's average listing price for 2023-02-01 was $487,416, a difference of $35,579 (7.9%) versus the prior year and $19,285 versus the prior month.
For the 2023-02-01 period, Forest City had 120 MLS listings, a difference of -32 listings (-21%) versus the prior month and 36 listings (43%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Forest City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,942 sqft |
| 2018-02-01 | 0 days | 1,917 sqft |
| 2018-03-01 | 0 days | 1,962 sqft |
| 2018-04-01 | 0 days | 2,006 sqft |
| 2018-05-01 | 0 days | 2,005 sqft |
| 2018-06-01 | 0 days | 2,003 sqft |
| 2018-07-01 | 0 days | 2,025 sqft |
| 2018-08-01 | 0 days | 2,048 sqft |
| 2018-09-01 | 0 days | 2,076 sqft |
| 2018-10-01 | 0 days | 2,074 sqft |
| 2018-11-01 | 0 days | 2,077 sqft |
| 2018-12-01 | 0 days | 2,094 sqft |
| 2019-01-01 | 0 days | 2,094 sqft |
| 2019-02-01 | 0 days | 2,039 sqft |
| 2019-03-01 | 0 days | 2,025 sqft |
| 2019-04-01 | 0 days | 2,043 sqft |
| 2019-05-01 | 0 days | 2,084 sqft |
| 2019-06-01 | 0 days | 2,184 sqft |
| 2019-07-01 | 0 days | 2,180 sqft |
| 2019-08-01 | 0 days | 2,186 sqft |
| 2019-09-01 | 0 days | 2,134 sqft |
| 2019-10-01 | 0 days | 2,099 sqft |
| 2019-11-01 | 0 days | 2,006 sqft |
| 2019-12-01 | 0 days | 1,959 sqft |
| 2020-01-01 | 0 days | 1,950 sqft |
| 2020-02-01 | 0 days | 1,899 sqft |
| 2020-03-01 | 0 days | 1,968 sqft |
| 2020-04-01 | 0 days | 2,000 sqft |
| 2020-05-01 | 0 days | 2,000 sqft |
| 2020-06-01 | 0 days | 2,100 sqft |
| 2020-07-01 | 0 days | 2,145 sqft |
| 2020-08-01 | 0 days | 2,079 sqft |
| 2020-09-01 | 0 days | 1,951 sqft |
| 2020-10-01 | 0 days | 1,836 sqft |
| 2020-11-01 | 0 days | 1,741 sqft |
| 2020-12-01 | 0 days | 1,739 sqft |
| 2021-01-01 | 0 days | 1,662 sqft |
| 2021-02-01 | 0 days | 1,661 sqft |
| 2021-03-01 | 0 days | 1,716 sqft |
| 2021-04-01 | 0 days | 1,757 sqft |
| 2021-05-01 | 0 days | 2,076 sqft |
| 2021-06-01 | 0 days | 2,147 sqft |
| 2021-07-01 | 0 days | 1,906 sqft |
| 2021-08-01 | 0 days | 1,892 sqft |
| 2021-09-01 | 0 days | 1,906 sqft |
| 2021-10-01 | 0 days | 1,971 sqft |
| 2021-11-01 | 0 days | 1,849 sqft |
| 2021-12-01 | 0 days | 1,820 sqft |
| 2022-01-01 | 0 days | 1,570 sqft |
| 2022-02-01 | 0 days | 1,735 sqft |
| 2022-03-01 | 0 days | 1,914 sqft |
| 2022-04-01 | 0 days | 1,802 sqft |
| 2022-05-01 | 0 days | 1,805 sqft |
| 2022-06-01 | 0 days | 1,790 sqft |
| 2022-07-01 | 0 days | 1,741 sqft |
| 2022-08-01 | 0 days | 1,698 sqft |
| 2022-09-01 | 0 days | 1,673 sqft |
| 2022-10-01 | 0 days | 1,684 sqft |
| 2022-11-01 | 0 days | 1,676 sqft |
| 2022-12-01 | 0 days | 1,668 sqft |
| 2023-01-01 | 0 days | 1,670 sqft |
| 2023-02-01 | 0 days | 1,590 sqft |
Forest City's median listing age (time on market) for 2023-02-01 was 0 days.
Forest City's median square footage for active listings during the 2023-02-01 period was 1,590 sqft. One year prior, the average listing was 1,735 sqft.
Forest City's median square footage for active listings during the 2023-02-01 period was 1,590 sqft. One year prior, the average listing was 1,735 sqft.
Forest City, NC Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,021 | $256,075,000 | $250,808 |
| Cash Out Refi | 280 | $52,830,000 | $188,679 |
| Refi | 276 | $43,120,000 | $156,232 |
| Other | 172 | $16,320,000 | $94,884 |
| Home Improvement | 158 | $13,470,000 | $85,253 |
Forest City's most frequently cited loan purpose was Home Purchase, with 1,021 originations. The 2nd most popular reason was Cash Out Refi, with 280 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 558 | $105,830,000 | $189,659 |
| 5-6% | 436 | $97,230,000 | $223,005 |
| 4-5% | 375 | $88,405,000 | $235,747 |
| 2.5-3% | 207 | $32,325,000 | $156,159 |
| 6-7% | 185 | $35,565,000 | $192,243 |
| 7-8% | 73 | $14,195,000 | $194,452 |
| Over 8% | 38 | $3,680,000 | $96,842 |
| <2.5% | 33 | $4,195,000 | $127,121 |
During 2022, Forest City's most frequently originated rate bucket was 3-4%, with 558 originations.
Loan Sizing (Forest City, NC MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 722 | $106,170,000 | $147,050 |
| $200k-400k | 557 | $151,545,000 | $272,074 |
| $100,000 or less | 462 | $27,170,000 | $58,810 |
| $400k-600k | 112 | $53,330,000 | $476,161 |
| $600k-1000k | 44 | $30,840,000 | $700,909 |
| $Over $1MM | 10 | $12,760,000 | $1,276,000 |
Forest City's loan sizing saw the bucket of loans from $100k-200k with 722 originations, totaling $106,170,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 737 | $177,435,000 | $240,753 |
| 60-80% | 435 | $117,365,000 | $269,805 |
| 20-40% | 253 | $26,115,000 | $103,221 |
| 40-60% | 248 | $43,040,000 | $173,548 |
| Under 20% | 192 | $8,760,000 | $45,625 |
| Over 100% | 35 | $7,335,000 | $209,571 |
Forest City's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 737 originations, totaling $177,435,000 in origination value.