If you live in either Boise, Idaho or Austin, Texas, there is some great news for buyers: Redfin is reporting that homes in those two cities are selling for about...
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Industry Experts Take to Capitol Hill to Debate LLPAs Changes
...his testimony. “Uncertainty in the U.S. economy, rising inflation, increasing mortgage rates, and lack of affordable inventory continue to devastate buyer confidence. This year, U.S. home purchase mortgage applications dropped...
Read More »Affordable Suburbs Near Red-Hot Housing Markets Heighten Homeownership Opportunities
...cities is becoming an impossible dream for many, if not most, Americans. As interest rates continue their climb, dwindling inventory is making all aspiring homebuyers feel like unwilling participants in...
Read More »Everything Is Negotiable (Including Home Prices)
...$409,000 in April month-over-month; inventory also increased by 1.8% to 1.3 months of supply. "The data tells a story, but it's just one side of the story," says RE/MAX, LLC...
Read More »New Home Purchase Apps Rise 4% YoY
...more on new construction to boost for-sale inventory levels. Mortgage rates have settled in the 6.5% range lately and remain over a percentage point higher than last year. The higher...
Read More »Fannie Mae: Recessionary Conditions Still Expected in 2023
...economy. Existing-home sales have remained near predictions made by the ESR’s forecasts for additional gradual declines by the end of the year due to affordability constraints and a tight inventory...
Read More »Elevated Mortgage Rates Continue to Handcuff the Housing Market
...data shows prices are dropping in fewer metros nationwide as mortgage rates continue to rise. That’s because there’s so little inventory hitting the market, leaving homeowners handcuffed to their houses...
Read More »The Week Ahead: Balancing the Economy and Housing
...or email them separately to [email protected]. During WFG’s Q1 2023 webinar, Stone and Conerly addressed the economy, consumer confidence, mortgage rates, property values, housing inventory and affordability, the likelihood of...
Read More »Rates Keeping Many Prospective First-Time Homebuyers on Sidelines
...said Mortgage Bankers Association (MBA) President and CEO Bob Broeksmit. “Higher rates and low inventory levels continue to keep many prospective first-time buyers on the sidelines. Purchase applications for FHA...
Read More »â€˜Bouncing Back and Forth’: Existing-Home Sales Drop in April
...unsold existing homes increased 7.2% from March to 1.04 million by the end of the month, equivalent to 2.9 months of inventory supply. This information comes to us by way...
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