Fixed-rate mortgages continue to edge closer to the 5% mark, rising once again to 4.67%, as an increasing number of buyers are shut out due to affordability concerns.
Read More »New Home Sales Slip in February
Sales of new single‐family houses were at a seasonally adjusted annual rate of 772,000 in February, falling 2% below January’s rate of 788,000.
Read More »Existing Home Sales Drop in February
Continuing a pattern of recent rises and declines over the last few months, existing home sales dropped in February 2022 according to the Existing Home Sales Report from ...
Read More »Fed Raises Rates for First Time in Four Years
It has been 732 days since the Federal Reserve Open Market Committee (FOMC) cut interest rates in an emergency meeting in light of the then-blossoming COVID-19 pandemic. But all ...
Read More »Mortgage Rates Ease Back After Quick Rise
After taking a giant leap toward the 4% mark, mortgage rates scaled back this week, as most economists feel home price growth will remain firm before cooling off later this year.
Read More »Big Tech Cities Dominate January’s Top Rental Markets
The U.S. median rental price surged nearly 20% in January, outpacing monthly starter homeownership costs in a majority of large metro markets.
Read More »Listings, Home Price Growth Continue at Double-Digit Pace
The year is off to a hot start, as the typical U.S. home sold faster than in any prior January, according to a recent Monthly Housing Report from ...
Read More »Affordability Issues Linger Despite Stabilization of Mortgage Rates
Mortgage rates have begun to plateau, with a spike in home buyer demand due to the continued lack of supply and elevation in prices.
Read More »First-Time Buyers Weigh Their Options
A new study examines ideal destinations for first-time buyers, as they consider space, location, and overall pricing.
Read More »Freddie Mac Survey: Ripples From the Fed Announcement
Federal Reserve Board Chair Jerome Powell has reinforced the Fed’s intent to accelerate its tapering actions, resulting in an upward climb in mortgage rates. Here’s what else Freddie Mac’s latest Mortgage Market Survey reveals.
Read More »