After a few weeks of decline, Freddie Mac reports mortgage rates hit a mark last seen in November 2008, having increased by more than two full percentage points since the beginning of 2022.
Read More »Median Sales Price Surpass Record $400k
While existing-home sales fell 3.4% in May, median sale prices exceeded $400,000 for the first time, representing a nearly 15% increase from 2021.
Read More »Prices Leaving More ‘Unable or Unwilling’ to Buy a Home
S&P CoreLogic Case-Shiller reports steady acceleration in U.S. home prices to close out Q1, a period that presented some of the most competitive market conditions since the start of the pandemic.
Read More »Existing-Home Sales Tail Off in April
A rise in mortgage rates over the 5% mark, and an increase in prices has impacted April buyer activity, as buyers wait for the market to show signs of stability.
Read More »New Home Sales Dip in March
Following a drop in existing-home sales in March, new home sales fell 8.6% below February rate amid rising rates and inflationary concerns.
Read More »Homeowners Gain Nearly $225K in Equity Over the Past Decade
Homeowners in metro areas are likely to have accumulated enough equity in the past 10 years to purchase a single-family home.
Read More »Existing-Home Sales Rise for Third Straight Month
A new report has found that eager home buyers are anticipating a rise in rates with home sales on the upswing in November.
Read More »Existing-Home Sales Rise for Second Consecutive Month
A slight month-over-month uptick of 0.8% in October continued the trend of a second straight month of gains for this metric.
Read More »Home Buying Competition Begins to Ease
A new report finds that the seasonal fall market, while still hot, is cooling and buyers who waited out the storm will benefit.
Read More »Remote Work Drives Demand for Vacation Homes
Demand for vacation homes swelled during the coronavirus pandemic—surging as much as 172% in April—as many sought escape from cramped city life amid lockdown restrictions.
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