For the fifth consecutive month, the S&P Dow Jones Indices reported declining home prices in the U.S., as potential buyers took a bigger step back from the market.
Read More »Pending Home Sales Increase, Breaking a Six-Month Downturn
“This recent low point in home sales activity is likely over,” said Lawrence Yun, NAR’s Chief Economist. “Mortgage rates are the dominant factor driving home sales, and recent declines in rates are clearly helping to stabilize the market.”
Read More »Renting a Home Now Costs Less Than Homebuying
On average, the monthly cost of buying a starter home in December 2022 was nearly 50% higher than the cost of renting, according to Realtor.com's Monthly Rental Report.
Read More »Housing Market Thaw Begins as Rates Continue to Slide
Freddie Mac reports the fixed-rate mortgage has fallen to its lowest level since mid-September, as buyers begin to return to the market ahead of the spring homebuying season.
Read More »Mortgage Rates Continue to Tumble
For the second consecutive week, mortgage rates have dipped, providing a much-needed boost to the housing marketplace and sparking a rise in overall mortgage app volume.
Read More »Affordability Is Not Only Consideration First-Time Buyers Make
All of the top-10 ranked cities for first-time buyers had ample inventory, short commutes, and more restaurants than average.
Read More »Home Price Growth Moderates to Single-Digit Territory in December
The typical asking price slowed to a single-digit pace for the first time since December 2021, according to the Realtor.com Monthly Housing Trends Report, marking a significant slowdown from the peak 18% year-over-year pace seen in 2022.
Read More »Dip in Rates Drives Refi Volume Upward
The 2023 mortgage market began on a positive note, as Freddie Mac reported a week-over-week slide in mortgage rates leading to an uptick in refinance apps.
Read More »Year Begins With Mortgage Rates on the Upswing
Freddie Mac reports that 2023 has begun with a second consecutive week of mortgage rate hikes, with app activity sinking to a quarter-century low as high rates continue to weaken the housing market.
Read More »Homebuyer Optimism on the Rise as Rates Continue to Decline
Freddie Mac reports the fixed-rate mortgage sliding for the sixth straight week, with the downward trend in rates resulting in a rise in refis, offsetting a week-over-week decrease in purchase activity.
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