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 6.19% for the week of 2024-10-03, compared to the national average of 6.12% for the same period.

The average rate for the prior week (2024-09-26) was 5.95% and one month ago for the week of 2024-08-29, the average rate was 6.42%.

Forest City's average rate one year ago was 7.28%.

For refis of the same type during the week of 2024-10-03, the average rate was 6.72%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-10-03 6.12%
Forest City 30 Year Fixed Rate 2024-10-03 6.19%
Forest City 30 Year Fixed Rate Refi 2024-10-03 6.72%
Forest City 15 Year Fixed Rate 2024-10-03 5.45%
Forest City 15 Year Fixed Rate Refi 2024-10-03 5.85%
Forest City 30 Year FHA 2024-10-03 5.99%
Forest City 30 Year FHA Refi 2024-10-03 5.99%
Forest City 30 Year USDA 2024-10-03 5.87%
Forest City 30 Year USDA Refi 2024-10-03 5.97%
Forest City 30 Year VA 2024-10-03 5.8%
Forest City 30 Year VA Refi 2024-10-03 5.6%
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
Forest City's median listing price for 2024-09-01 was $399,975, a difference of $-14,925 (-3.6%) versus the prior year and $-25 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 2024-09-01 was $549,062, a difference of $-4,992 (-0.9%) versus the prior year and $-23,219 versus the prior month.

For the 2024-09-01 period, Forest City had 303 MLS listings, a difference of 22 listings (8%) versus the prior month and 134 listings (79%) 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
Forest City's median listing age (time on market) for 2024-09-01 was 0 days.

Forest City's median square footage for active listings during the 2024-09-01 period was 1,630 sqft. One year prior, the average listing was 1,664 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.