Tag Archives: Daryl Fairweather

Fueled by the trajectory of both the economy and the pandemic, mortgage rates advanced upward this week; however, the housing market is expected to remain strong as 2021 comes to an end.

With mortgage rates hitting near 18-month highs, a new report found a 6.3% slide in both purchase and refi apps week-over-week.

New listings of homes for sale fell 9% from a year earlier, and closed home sales were down 5%.

Three Florida metros saw a 36% gain in rent prices, as more continue to escape expensive northeast metros in favor of southern markets.

A new study has found the typical home was only on the market for 16 days, with lingering short supply driving demand.

Housing inventory was strong in August, experiencing its highest share in volume in 21 months according to a new report.

Economic uncertainty and a rise in Delta variant cases has kept mortgage rates low over the past month, with refinance volume wavering, yet continuing to outpace purchase apps.

Despite climate risk, more and more are flocking to Miami as the Sunshine State tops the list of popular migration destinations.

NAR is set to release their latest analysis of pending home sales, as buyer interest is increasingly waning due to high asking prices.

While still below the 3% range, the window of opportunity for refis remains wide open; however, high asking prices are turning many away from the purchase market despite the record low rates.