Forest City Mortgage Rates & Closing Costs

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    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Forest City averaged 6.67% for the week of 2024-12-12, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2024-12-05) was 6.66% and one month ago for the week of 2024-11-07, the average rate was 6.46%.

    Forest City's average rate one year ago was 7.1%.

    For refis of the same type during the week of 2024-12-12, the average rate was 6.6%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-12-12 6.6%
    Forest City 30 Year Fixed Rate 2024-12-12 6.67%
    Forest City 30 Year Fixed Rate Refi 2024-12-12 6.6%
    Forest City 15 Year Fixed Rate 2024-12-12 5.74%
    Forest City 15 Year Fixed Rate Refi 2024-12-12 6.24%
    Forest City 30 Year FHA 2024-12-12 6.48%
    Forest City 30 Year FHA Refi 2024-12-12 6.48%
    Forest City 30 Year USDA 2024-12-12 6.5%
    Forest City 30 Year USDA Refi 2024-12-12 6.4%
    Forest City 30 Year VA 2024-12-12 6.08%
    Forest City 30 Year VA Refi 2024-12-12 6.08%
    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.).

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    STATE EMPLOYEES' 98 5.98% $3,905
    MOVEMENT MORTGAGE, LLC 43 6.82% $5,733
    QUICKEN LOANS, LLC 35 6.68% $6,669
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 25 7.15% $7,028
    LOCAL GOVERNMENT FEDERAL CREDIT UNION 18 6.62% $3,813
    UNITED WHOLESALE MORTGAGE, LLC 14 6.89% $7,206
    First-Citizens Bank & Trust Company 14 6.42% $5,190
    Wells Fargo Bank 10 6.73% $6,031
    HomeTrust Bank 8 6.23% $3,605
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 7.34% $7,583
    Truist 7 7.04% $3,797
    VANDERBILT MORTGAGE AND FINANCE, INC. 6 7.62% $6,685
    GoPrime Mortgage, Inc. 6 6.64% $5,570
    CHARLOTTE METRO FEDERAL CREDIT UNION 6 6.40% $3,474
    UNITED 5 6.83% $4,380
    Mr. Cooper ( Nationstar Mortgage ) 5 6.65% $6,446
    HOMESTAR FINANCIAL CORPORATION 5 7.28% $2,191
    Ameris Bank 5 7.17% $9,592
    LOANDEPOT.COM, LLC 5 6.65% $7,295
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 5 6.65% $7,616
    Champion Credit Union 4 5.38% $6,141
    MUTUAL OF OMAHA MORTGAGE, INC. 4 7.31% $5,741
    PENNYMAC LOAN SERVICES, LLC 4 7.06% $6,607
    HOWARD HANNA FINANCIAL SERVICES, INC. 4 7.47% $8,284
    TD Bank 4 6.53% $5,226
    AMERISAVE MORTGAGE CORPORATION 3 6.04% $6,152
    Bank of America 3 6.33% $9,452
    First National Bank of Pennsylvania 3 6.71% $3,720
    PNC Bank 3 7.08% $2,802
    T2 FINANCIAL LLC 3 7.00% $5,862
    U.S. Bank 3 7.00% $7,501
    Uwharrie Bank 3 7.79% $4,094
    ZILLOW HOME LOANS, LLC 3 7.54% $8,301
    South State Bank 2 7.38% $6,709
    ROYAL UNITED MORTGAGE LLC 2 8.00% $5,196
    INTERCOASTAL MORTGAGE COMPANY 2 7.56% $6,887
    UNION HOME MORTGAGE CORP. 2 7.06% $19,363
    JPMorgan Chase Bank 2 7.63% $1,835
    Regions Bank 2 5.63% $7,519
    Dollar Bank, Federal Savings Bank 2 6.44% $7,425
    FREEDOM MORTGAGE CORPORATION 2 7.44% $11,347
    FOUNDERS FEDERAL CREDIT UNION 2 6.81% $6,006
    American Security Mortgage Corp. 2 7.13% $7,453
    COASTAL Federal Credit Union 2 5.75% $3,168
    Flagstar Bank, FSB 2 7.13% $3,200
    The Fidelity Bank 2 7.06% $6,495
    The Huntington National Bank 2 7.25% $4,301
    HOMESIDE FINANCIAL, LLC 2 7.56% $7,376
    Truliant Federal Credit Union 1 6.50% $7,523
    ALLEGACY FEDERAL CREDIT UNION 1 6.63% $5,978
    Ally Bank 1 6.50% $2,242
    AMCAP MORTGAGE, LTD. 1 6.62% $14,182
    AMERICAN FINANCING CORPORATION 1 6.88% $7,520
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.50% $6,726
    CARDINAL FINANCIAL 1 6.99% $7,724
    CHURCHILL MORTGAGE CORPORATION 1 6.50% $5,451
    Citibank 1 5.88% $4,214
    Citizens Bank 1 6.25% $3,771
    CMG MORTGAGE, INC. 1 7.75% $4,378
    Corporate Investors Mortgage Group, Inc. 1 6.88% $2,778
    CROSSCOUNTRY MORTGAGE, LLC 1 5.75% $5,924
    Discover Bank 1 6.74% $0
    EMM LOANS LLC 1 5.88% $9,152
    FBC MORTGAGE, LLC 1 7.49% $10,396
    Fifth Third Bank 1 6.13% $5,846
    First Bank 1 6.13% $3,269
    First Federal Bank 1 6.50% $3,948
    First Heritage Mortgage, LLC 1 7.00% $5,144
    GUARANTEED RATE, INC. 1 7.63% $3,850
    GUILD MORTGAGE COMPANY 1 6.50% $5,359
    LAND HOME FINANCIAL SERVICES, INC. 1 7.38% $5,071
    MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 1 6.38% $4,711
    MIDLAND MORTGAGE CORPORATION 1 7.13% $8,978
    Morgan Stanley Private Bank 1 6.60% $3,976
    Mortgage Research Center, LLC 1 5.88% $11,814
    MY MORTGAGE, INC. 1 5.99% $4,711
    Nations Lending Corporation 1 6.25% $6,747
    NATIONWIDE MORTGAGE BANKERS, INC. 1 7.13% $10,654
    NAVY FEDERAL CREDIT UNION 1 7.13% $7,932
    NBKC BANK 1 8.38% $5,679
    NEWREZ LLC 1 8.13% $6,443
    North American Savings Bank, F.S.B. 1 6.75% $11,362
    PENTAGON FEDERAL CREDIT UNION 1 7.38% $11,296
    PHH Mortgage Corporation 1 5.75% $7,372
    RAPID MORTGAGE COMPANY 1 7.50% $8,937
    RESOURCE FINANCIAL SERVICES, INC. 1 6.50% $3,438
    SIRVA MORTGAGE, INC. 1 6.25% $3,088
    Stifel Bank and Trust 1 5.25% $3,222
    The Federal Savings Bank 1 6.13% $6,782
    The Park National Bank 1 7.13% $4,925
    Third Federal Savings and Loan Association of Cleveland 1 7.69% $295
    AgFirst Farm Credit Bank 1 6.50% $7,484
    Union Savings Bank 1 6.63% $2,843
    United Bank 1 6.38% $3,870
    USAA Federal Savings Bank 1 6.75% $3,414
    Wyndham Capital Mortgage, Inc. 1 7.13% $6,426

    Forest City Average Closing Costs & Other Stats

    Forest City, NC's 96 lenders originated 1,279 loans during 2023. The total origination value was $238,155,000, with an average loan value of $186,204.

    Forest City's average closing costs are $4,749.

    The top Forest City lender as defined by loan originations is STATE EMPLOYEES', with 98 loans originated. Their average total fees are $3,905, which is $1,828 lower than the next largest lender, MOVEMENT MORTGAGE, LLC.

    The lowest fee Forest City lenders (with over 10 loans originated) are LOCAL GOVERNMENT FEDERAL CREDIT UNION ($3,813), STATE EMPLOYEES' ($3,905), First-Citizens Bank & Trust Company ($5,190), MOVEMENT MORTGAGE, LLC ($5,733) and Wells Fargo Bank ($6,031).

    The lowest rate Forest City lenders (with over 10 loans originated) are STATE EMPLOYEES' (5.98%), First-Citizens Bank & Trust Company (6.42%), LOCAL GOVERNMENT FEDERAL CREDIT UNION (6.62%), QUICKEN LOANS, LLC (6.68%) and Wells Fargo Bank (6.73%).

    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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    STATE EMPLOYEES' $58,360,000 $34,725,000 -40.5% 14.6%
    MOVEMENT MORTGAGE, LLC $21,275,000 $17,985,000 -15.5% 7.6%
    QUICKEN LOANS, LLC $23,420,000 $13,090,000 -44.1% 5.5%
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. $15,955,000 $11,790,000 -26.1% 5.0%
    UNITED WHOLESALE MORTGAGE, LLC $5,015,000 $7,800,000 55.5% 3.3%
    First-Citizens Bank & Trust Company $10,775,000 $7,000,000 -35.0% 2.9%
    HomeTrust Bank $9,290,000 $6,960,000 -25.1% 2.9%
    LOCAL GOVERNMENT FEDERAL CREDIT UNION $11,380,000 $6,195,000 -45.6% 2.6%
    Mortgage Research Center, LLC $8,110,000 $6,085,000 -25.0% 2.6%
    PNC Bank $8,150,000 $4,890,000 -40.0% 2.1%
    HOMESTAR FINANCIAL CORPORATION $6,865,000 $4,750,000 -30.8% 2.0%
    Truist $8,635,000 $4,640,000 -46.3% 1.9%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $5,685,000 $3,915,000 -31.1% 1.6%
    AgFirst Farm Credit Bank $2,295,000 $3,830,000 66.9% 1.6%
    VANDERBILT MORTGAGE AND FINANCE, INC. $4,525,000 $3,695,000 -18.3% 1.6%
    LOANDEPOT.COM, LLC $3,170,000 $2,680,000 -15.5% 1.1%
    Bank of America $3,670,000 $2,560,000 -30.2% 1.1%
    UNITED $3,690,000 $2,345,000 -36.4% 1.0%
    Wells Fargo Bank $5,200,000 $2,320,000 -55.4% 1.0%
    The Fidelity Bank $1,545,000 $2,280,000 47.6% 1.0%
    CHARLOTTE METRO FEDERAL CREDIT UNION $1,420,000 $2,260,000 59.2% 0.9%
    GoPrime Mortgage, Inc. $1,990,000 $2,200,000 10.6% 0.9%
    CARDINAL FINANCIAL $4,320,000 $2,170,000 -49.8% 0.9%
    BROKER SOLUTIONS, INC. $2,925,000 $1,960,000 -33.0% 0.8%
    TD Bank $4,035,000 $1,960,000 -51.4% 0.8%
    Fifth Third Bank $4,610,000 $1,955,000 -57.6% 0.8%
    NAVY FEDERAL CREDIT UNION $4,145,000 $1,915,000 -53.8% 0.8%
    Ameris Bank $1,915,000 $1,885,000 -1.6% 0.8%
    First Bank $1,490,000 $1,830,000 22.8% 0.8%
    United Bank $3,030,000 $1,730,000 -42.9% 0.7%
    HOWARD HANNA FINANCIAL SERVICES, INC. $1,575,000 n/a 0.7%
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $2,250,000 $1,540,000 -31.6% 0.6%
    U.S. Bank $1,680,000 $1,475,000 -12.2% 0.6%
    USAA Federal Savings Bank $1,735,000 $1,465,000 -15.6% 0.6%
    Mr. Cooper ( Nationstar Mortgage ) $2,580,000 $1,445,000 -44.0% 0.6%
    FREEDOM MORTGAGE CORPORATION $2,195,000 $1,395,000 -36.4% 0.6%
    The Huntington National Bank $870,000 $1,390,000 59.8% 0.6%
    CROSSCOUNTRY MORTGAGE, LLC $2,720,000 $1,365,000 -49.8% 0.6%
    Truliant Federal Credit Union $805,000 $1,345,000 67.1% 0.6%
    HOMESIDE FINANCIAL, LLC $1,920,000 $1,325,000 -31.0% 0.6%
    ServisFirst Bank $1,285,000 n/a 0.5%
    Champion Credit Union $695,000 $1,250,000 79.9% 0.5%
    PENNYMAC LOAN SERVICES, LLC $2,990,000 $1,220,000 -59.2% 0.5%
    CMG MORTGAGE, INC. $1,085,000 n/a 0.5%
    Pinnacle Bank $2,210,000 $1,035,000 -53.2% 0.4%
    First Community Bank $1,020,000 n/a 0.4%
    ZILLOW HOME LOANS, LLC $1,020,000 n/a 0.4%
    NEW DAY FINANCIAL, LLC $310,000 $1,010,000 225.8% 0.4%
    Uwharrie Bank $1,010,000 $995,000 -1.5% 0.4%
    T2 FINANCIAL LLC $3,530,000 $990,000 -72.0% 0.4%
    UNION HOME MORTGAGE CORP. $1,335,000 $990,000 -25.8% 0.4%
    Regions Bank $1,925,000 $985,000 -48.8% 0.4%
    American Security Mortgage Corp. $1,720,000 $965,000 -43.9% 0.4%
    ON Q FINANCIAL, INC. $145,000 $950,000 555.2% 0.4%
    The Federal Savings Bank $1,325,000 $945,000 -28.7% 0.4%
    AMERISAVE MORTGAGE CORPORATION $2,335,000 $935,000 -60.0% 0.4%
    GUILD MORTGAGE COMPANY $1,670,000 $870,000 -47.9% 0.4%
    JPMorgan Chase Bank $2,245,000 $870,000 -61.2% 0.4%
    COASTAL Federal Credit Union $465,000 $860,000 84.9% 0.4%
    PENTAGON FEDERAL CREDIT UNION $725,000 $815,000 12.4% 0.3%
    Citibank $385,000 $795,000 106.5% 0.3%
    SeaTrust Mortgage Company $175,000 $795,000 354.3% 0.3%
    The Park National Bank $2,715,000 $775,000 -71.5% 0.3%
    First Federal Bank $345,000 $765,000 121.7% 0.3%
    RELIANCE FIRST CAPITAL, LLC $425,000 $765,000 80.0% 0.3%
    EVERETT FINANCIAL, INC. $195,000 $760,000 289.7% 0.3%
    MUTUAL OF OMAHA MORTGAGE, INC. $760,000 $760,000 0.0% 0.3%
    First National Bank of Pennsylvania $1,300,000 $755,000 -41.9% 0.3%
    AMERICAN FINANCING CORPORATION $535,000 $735,000 37.4% 0.3%
    FOUNDERS FEDERAL CREDIT UNION $1,045,000 $695,000 -33.5% 0.3%
    First Heritage Mortgage, LLC $665,000 n/a 0.3%
    South State Bank $2,620,000 $660,000 -74.8% 0.3%
    INTERCOASTAL MORTGAGE COMPANY $1,115,000 $620,000 -44.4% 0.3%
    FINANCE OF AMERICA REVERSE LLC $75,000 $555,000 640.0% 0.2%
    Flagstar Bank, FSB $1,605,000 $540,000 -66.4% 0.2%
    LENDINGHOME FUNDING CORPORATION $765,000 $540,000 -29.4% 0.2%
    PHH Mortgage Corporation $320,000 $540,000 68.8% 0.2%
    FBC MORTGAGE, LLC $525,000 n/a 0.2%
    AMERICAN FINANCIAL RESOURCES, INC. $890,000 $515,000 -42.1% 0.2%
    TOP FLITE FINANCIAL, INC. $505,000 n/a 0.2%
    Equity Prime Mortgage LLC $630,000 $495,000 -21.4% 0.2%
    TOLLESON PRIVATE BANK $475,000 n/a 0.2%
    NATIONWIDE MORTGAGE BANKERS, INC. $470,000 n/a 0.2%
    Stifel Bank and Trust $465,000 n/a 0.2%
    Dollar Bank, Federal Savings Bank $690,000 $460,000 -33.3% 0.2%
    MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $495,000 $425,000 -14.1% 0.2%
    NEWREZ LLC $650,000 $425,000 -34.6% 0.2%
    Encompass Lending Group, LP $405,000 n/a 0.2%
    Greenbox Loans, Inc. $405,000 n/a 0.2%
    ALLEGACY FEDERAL CREDIT UNION $65,000 $400,000 515.4% 0.2%
    SOUTHWEST STAGE FUNDING, LLC $595,000 $400,000 -32.8% 0.2%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $390,000 n/a 0.2%
    CONTOUR MORTGAGE CORPORATION $385,000 n/a 0.2%
    GUARANTEED RATE, INC. $3,365,000 $385,000 -88.6% 0.2%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $385,000 n/a 0.2%
    NBKC BANK $480,000 $385,000 -19.8% 0.2%
    ROYAL UNITED MORTGAGE LLC $440,000 $385,000 -12.5% 0.2%
    The Bank of Marion $345,000 n/a 0.1%
    UBS Bank USA $755,000 $345,000 -54.3% 0.1%
    AMCAP MORTGAGE, LTD. $335,000 n/a 0.1%
    Morgan Stanley Private Bank $335,000 n/a 0.1%
    BETTER MORTGAGE CORPORATION $795,000 $325,000 -59.1% 0.1%
    Figure Lending LLC $380,000 $320,000 -15.8% 0.1%
    Coastal Bank & Trust $315,000 n/a 0.1%
    Union Savings Bank $305,000 n/a 0.1%
    ANGEL OAK MORTGAGE SOLUTIONS LLC $470,000 $300,000 -36.2% 0.1%
    TOWER $295,000 n/a 0.1%
    AMERICAN PACIFIC MORTGAGE CORPORATION $145,000 $265,000 82.8% 0.1%
    Bank of England $3,080,000 $265,000 -91.4% 0.1%
    MIDLAND MORTGAGE CORPORATION $545,000 $265,000 -51.4% 0.1%
    North American Savings Bank, F.S.B. $155,000 $265,000 71.0% 0.1%
    VILLAGE CAPITAL MORTGAGE $170,000 $265,000 55.9% 0.1%
    1ST SIGNATURE LENDING, LLC $470,000 $255,000 -45.7% 0.1%
    DEEPHAVEN MORTGAGE LLC $255,000 n/a 0.1%
    CALCON MUTUAL MORTGAGE LLC $245,000 n/a 0.1%
    LAND HOME FINANCIAL SERVICES, INC. $345,000 $245,000 -29.0% 0.1%
    MY MORTGAGE, INC. $245,000 n/a 0.1%
    SIRVA MORTGAGE, INC. $245,000 n/a 0.1%
    Wyndham Capital Mortgage, Inc. $1,385,000 $235,000 -83.0% 0.1%
    Bank OZK $460,000 $220,000 -52.2% 0.1%
    RAPID MORTGAGE COMPANY $745,000 $215,000 -71.1% 0.1%
    VELOCITY COMMERCIAL CAPITAL, LLC $215,000 n/a 0.1%
    CHURCHILL MORTGAGE CORPORATION $215,000 $205,000 -4.7% 0.1%
    Gateway First Bank $200,000 n/a 0.1%
    Third Federal Savings and Loan Association of Cleveland $190,000 n/a 0.1%
    AMERICAN FINANCIAL NETWORK, INC. $185,000 n/a 0.1%
    CREDIT HUMAN FEDERAL CREDIT UNION $175,000 n/a 0.1%
    EMM LOANS LLC $670,000 $175,000 -73.9% 0.1%
    First Option Mortgage, LLC $175,000 n/a 0.1%
    RESOURCE FINANCIAL SERVICES, INC. $1,240,000 $175,000 -85.9% 0.1%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $1,145,000 $170,000 -85.2% 0.1%
    CORNING $205,000 $165,000 -19.5% 0.1%
    NETWORK CAPITAL FUNDING CORPORATION $525,000 $165,000 -68.6% 0.1%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $715,000 $165,000 -76.9% 0.1%
    RUOFF MORTGAGE COMPANY, INC. $430,000 $160,000 -62.8% 0.1%
    Corporate Investors Mortgage Group, Inc. $565,000 $155,000 -72.6% 0.1%
    Nations Lending Corporation $675,000 $155,000 -77.0% 0.1%
    RADIUS FINANCIAL GROUP INC. $460,000 $155,000 -66.3% 0.1%
    AMERICAN HERITAGE LENDING, INC. $145,000 n/a 0.1%
    Plains Commerce Bank $145,000 n/a 0.1%
    21ST MORTGAGE CORPORATION $405,000 $135,000 -66.7% 0.1%
    Magnolia Bank $265,000 $135,000 -49.1% 0.1%
    Discover Bank $270,000 $115,000 -57.4% 0.0%
    Alcova Mortgage LLC $725,000 $105,000 -85.5% 0.0%
    Ally Bank $105,000 n/a 0.0%
    Citizens Bank $3,185,000 $100,000 -96.9% 0.0%
    CALIBER HOME LOANS, INC. $740,000 $95,000 -87.2% 0.0%
    Apple Federal Credit Union $55,000 n/a 0.0%
    CAROLINA FOOTHILLS $55,000 n/a 0.0%
    CPM Federal Credit Union $55,000 n/a 0.0%
    Clearview Federal Credit Union $45,000 n/a 0.0%
    DIGITAL Federal Credit Union $45,000 n/a 0.0%
    QUORUM FEDERAL CREDIT UNION $45,000 n/a 0.0%
    Lakeview Community Capital, LLC $35,000 n/a 0.0%
    PLANET HOME LENDING, LLC $125,000 $35,000 -72.0% 0.0%

    Forest City's top lender by overall market share is STATE EMPLOYEES', with 14.6% market share. In second place, with 7.6%, is MOVEMENT MORTGAGE, LLC, having originated $17,985,000 in loans. In third place, with 5.5%, is QUICKEN LOANS, LLC, having originated $13,090,000 in loans. In fourth place, with 5.0%, is ATLANTIC BAY MORTGAGE GROUP, L.L.C., having originated $11,790,000 in loans. In fifth place, with 3.3%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $7,800,000 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%) $353,032 (15.3%) 0.00 421
    2018-02-01 $229,450 (5.5%) $367,160 (19.6%) 0.00 396
    2018-03-01 $231,500 (6.6%) $373,750 (20.7%) 0.00 406
    2018-04-01 $247,400 (10.0%) $389,595 (19.9%) 0.00 429
    2018-05-01 $259,700 (8.3%) $404,258 (19.6%) 0.00 459
    2018-06-01 $295,000 (19.0%) $448,995 (30.5%) 0.00 426
    2018-07-01 $291,725 (16.9%) $444,670 (27.2%) 0.00 466
    2018-08-01 $299,900 (17.8%) $461,531 (30.9%) 0.00 467
    2018-09-01 $299,900 (15.8%) $461,718 (28.3%) 0.00 498
    2018-10-01 $299,000 (12.8%) $448,602 (21.6%) 0.00 483
    2018-11-01 $299,000 (15.4%) $441,686 (18.2%) 0.00 480
    2018-12-01 $299,900 (20.0%) $443,907 (18.7%) 0.00 446
    2019-01-01 $299,900 (30.5%) $445,626 (26.2%) 0.00 422
    2019-02-01 $299,900 (30.7%) $445,755 (21.4%) 0.00 415
    2019-03-01 $299,300 (29.3%) $434,822 (16.3%) 0.00 438
    2019-04-01 $299,800 (21.2%) $437,894 (12.4%) 0.00 455
    2019-05-01 $299,700 (15.4%) $432,929 (7.1%) 0.00 487
    2019-06-01 $299,950 (1.7%) $443,239 (-1.3%) 0.00 508
    2019-07-01 $312,450 (7.1%) $439,436 (-1.2%) 0.00 493
    2019-08-01 $314,482 (4.9%) $434,023 (-6.0%) 0.00 478
    2019-09-01 $306,280 (2.1%) $430,408 (-6.8%) 0.00 467
    2019-10-01 $299,450 (0.2%) $425,555 (-5.1%) 0.00 461
    2019-11-01 $297,000 (-0.7%) $409,505 (-7.3%) 0.00 433
    2019-12-01 $287,475 (-4.1%) $399,899 (-9.9%) 0.00 389
    2020-01-01 $298,000 (-0.6%) $413,424 (-7.2%) 0.00 310
    2020-02-01 $294,950 (-1.7%) $417,965 (-6.2%) 0.00 293
    2020-03-01 $299,000 (-0.1%) $427,951 (-1.6%) 0.00 294
    2020-04-01 $295,500 (-1.4%) $430,272 (-1.7%) 0.00 294
    2020-05-01 $325,000 (8.4%) $450,147 (4.0%) 0.00 274
    2020-06-01 $349,800 (16.6%) $462,361 (4.3%) 0.00 254
    2020-07-01 $349,900 (12.0%) $470,013 (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 (2.7%) 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
    2023-03-01 $357,450 (-5.2%) $515,465 (4.6%) 0.00 114
    2023-04-01 $372,450 (-6.9%) $542,765 (7.7%) 0.00 124
    2023-05-01 $425,738 (28.0%) $584,732 (23.1%) 0.00 120
    2023-06-01 $442,700 (36.0%) $572,558 (17.2%) 0.00 141
    2023-07-01 $434,500 (29.7%) $561,971 (12.6%) 0.00 154
    2023-08-01 $412,363 (19.9%) $544,031 (10.2%) 0.00 150
    2023-09-01 $414,900 (20.1%) $554,054 (10.3%) 0.00 169
    2023-10-01 $399,500 (14.2%) $520,966 (6.2%) 0.00 195
    2023-11-01 $399,250 (14.6%) $547,292 (5.7%) 0.00 210
    2023-12-01 $395,000 (19.7%) $540,339 (8.2%) 0.00 193
    2024-01-01 $373,688 (15.3%) $533,780 (14.0%) 0.00 195
    2024-02-01 $361,150 (11.1%) $528,930 (8.5%) 0.00 169
    2024-03-01 $386,750 (8.2%) $529,320 (2.7%) 0.00 166
    2024-04-01 $382,750 (2.8%) $562,944 (3.7%) 0.00 189
    2024-05-01 $400,000 (-6.1%) $589,416 (0.8%) 0.00 194
    2024-06-01 $400,000 (-9.7%) $580,409 (1.4%) 0.00 229
    2024-07-01 $412,500 (-5.1%) $597,840 (6.4%) 0.00 252
    2024-08-01 $400,000 (-3.0%) $572,281 (5.2%) 0.00 281
    2024-09-01 $399,975 (-3.6%) $549,062 (-0.9%) 0.00 303
    2024-10-01 $400,000 (0.1%) $538,407 (3.4%) 0.00 285
    2024-11-01 $400,000 (0.2%) $548,862 (0.3%) 0.00 289
    Forest City's median listing price for 2024-11-01 was $400,000, a difference of $750 (0.2%) versus the prior year and $0 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 2024-11-01 was $548,862, a difference of $1,570 (0.3%) versus the prior year and $10,455 versus the prior month.

    For the 2024-11-01 period, Forest City had 289 MLS listings, a difference of 4 listings (1%) versus the prior month and 79 listings (38%) 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 1,941 sqft
    2018-02-01 0 days 1,917 sqft
    2018-03-01 0 days 1,978 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 2,024 sqft
    2018-08-01 0 days 2,041 sqft
    2018-09-01 0 days 2,073 sqft
    2018-10-01 0 days 2,077 sqft
    2018-11-01 0 days 2,078 sqft
    2018-12-01 0 days 2,100 sqft
    2019-01-01 0 days 2,101 sqft
    2019-02-01 0 days 2,042 sqft
    2019-03-01 0 days 2,024 sqft
    2019-04-01 0 days 2,030 sqft
    2019-05-01 0 days 2,043 sqft
    2019-06-01 0 days 2,180 sqft
    2019-07-01 0 days 2,171 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 1,974 sqft
    2020-04-01 0 days 2,002 sqft
    2020-05-01 0 days 2,005 sqft
    2020-06-01 0 days 2,100 sqft
    2020-07-01 0 days 2,135 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 2,064 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 1,961 sqft
    2021-11-01 0 days 1,835 sqft
    2021-12-01 0 days 1,833 sqft
    2022-01-01 0 days 1,572 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 1,787 sqft
    2022-07-01 0 days 1,718 sqft
    2022-08-01 0 days 1,698 sqft
    2022-09-01 0 days 1,672 sqft
    2022-10-01 0 days 1,688 sqft
    2022-11-01 0 days 1,677 sqft
    2022-12-01 0 days 1,664 sqft
    2023-01-01 0 days 1,665 sqft
    2023-02-01 0 days 1,590 sqft
    2023-03-01 0 days 1,601 sqft
    2023-04-01 0 days 1,636 sqft
    2023-05-01 0 days 1,800 sqft
    2023-06-01 0 days 1,831 sqft
    2023-07-01 0 days 1,802 sqft
    2023-08-01 0 days 1,662 sqft
    2023-09-01 0 days 1,664 sqft
    2023-10-01 0 days 1,702 sqft
    2023-11-01 0 days 1,752 sqft
    2023-12-01 0 days 1,751 sqft
    2024-01-01 0 days 1,684 sqft
    2024-02-01 0 days 1,807 sqft
    2024-03-01 0 days 1,815 sqft
    2024-04-01 0 days 1,700 sqft
    2024-05-01 0 days 1,674 sqft
    2024-06-01 0 days 1,673 sqft
    2024-07-01 0 days 1,701 sqft
    2024-08-01 0 days 1,600 sqft
    2024-09-01 0 days 1,630 sqft
    2024-10-01 0 days 1,650 sqft
    2024-11-01 0 days 1,685 sqft
    Forest City's median listing age (time on market) for 2024-11-01 was 0 days.

    Forest City's median square footage for active listings during the 2024-11-01 period was 1,685 sqft. One year prior, the average listing was 1,752 sqft.

    Forest City, NC Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 707 $167,705,000 $237,207
    Other 152 $13,070,000 $85,987
    Cash Out Refi 146 $25,770,000 $176,507
    Refi 140 $21,650,000 $154,643
    Home Improvement 134 $9,960,000 $74,328

    Forest City's most frequently cited loan purpose was Home Purchase, with 707 originations. The 2nd most popular reason was Other, with 152 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    7-8% 370 $69,910,000 $188,946
    6-7% 365 $83,575,000 $228,973
    Over 8% 212 $26,200,000 $123,585
    5-6% 203 $47,375,000 $233,374
    4-5% 91 $9,715,000 $106,758
    <2.5% 30 $440,000 $14,667
    3-4% 1 $205,000 $205,000

    During 2023, Forest City's most frequently originated rate bucket was 7-8%, with 370 originations.

    Loan Sizing (Forest City, NC MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 440 $65,200,000 $148,182
    $100,000 or less 376 $19,440,000 $51,702
    $200k-400k 375 $102,475,000 $273,267
    $400k-600k 62 $29,210,000 $471,129
    $600k-1000k 20 $14,250,000 $712,500
    $Over $1MM 6 $7,580,000 $1,263,333

    Forest City's loan sizing saw the bucket of loans from $100k-200k with 440 originations, totaling $65,200,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 463 $107,915,000 $233,078
    60-80% 253 $69,815,000 $275,949
    Under 20% 228 $9,900,000 $43,421
    20-40% 158 $16,600,000 $105,063
    40-60% 152 $27,920,000 $183,684
    Over 100% 21 $4,735,000 $225,476

    Forest City's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 463 originations, totaling $107,915,000 in origination value.