Home prices rose strongly in November as higher rates during the month had no effect on market activity throughout the mid-Atlantic.
Read More »Measuring the Quantifiable Benefits of Selling Through MLS
A new study reveals that homes marketed through a multiple listing service sell for approximately 18% more than the average asking price.
Read More »Housing Market Improves Marginally in April
"The U.S. housing market continued to strengthen in April 2023," says Craig J. Lazzara, Managing Director at S&P DJI. "Home prices peaked in June 2022, declined until January 2023, and then began to recover.
Read More »Federal Reserve: No Rise in Interest Rates This Month
“The Committee seeks to achieve maximum employment and inflation at the rate of 2% over the longer run. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 5.00% to 5.25%,” the Fed said in a prepared statement.
Read More »Mortgage Apps Fall Nearly 5% Week-Over-Week
With mortgage rates rising to levels last seen in March, the MBA reports that overall application volume dropped 4.6% week-over-week, amid a continued lack in the nation’s housing inventory.
Read More »‘Bouncing Back and Forth’: Existing-Home Sales Drop in April
"Home sales … remain above recent cyclical lows," said National Association of Realtors Chief Economist Lawrence Yun, who noted that economic factors were creating “an environment of push-pull housing demand.”
Read More »Industry Reaction: Fed Once Again Hikes Interest Rates
For the tenth time, the Federal Reserve raised the nominal interest rate—this time by 25 basis points. Click through for comments from the Fed and other industry leaders.
Read More »Existing Home Sales Rise for First Time in 12 Months
"Conscious of changing mortgage rates, home buyers are taking advantage of any rate declines," said NAR Chief Economist Lawrence Yun.
Read More »Single-Family Permits Up Over 7% From January
“Single-family housing permits, a leading indicator of future starts, also increased 7.6% compared with the previous month. The uptick in single-family housing permits and starts aligns with the recent increase in homebuilder sentiment,” said First American Deputy Chief Economist Odeta Kushi.
Read More »Weekly Mortgage Rates Swing Up Again
“Mortgage rates moved up for the second consecutive week,” said Sam Khater, Freddie Mac’s Chief Economist. “The economy is showing signs of resilience, mainly due to consumer spending, and rates are increasing.”
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