Tag Archives: Interest rates

“The housing market will continue to rebalance as prices adjust to the reality of higher mortgage rates,” First American's Deputy Chief's Economist Odeta Kushi concluded.

According to Chief Economist Mark Fleming, if inflation decelerates toward the Fed’s target range in the second half of 2023, as is currently expected, it’s possible that mortgage rates may decline modestly in the latter half of the year.

The supply of homes for sale posted a record year-over-year increase in December, according to new data from Redfin's Homebuyer Demand Index, which showed an increasing rise in demand despite many homes lingering on the market due to rising mortgage rates.

According to new MBA Builder Application Survey data for November 2022, findings show mortgage applications for new home purchases decreased an estimated 25% compared to a year ago.

Though high mortgage rates and economic inflation are discouraging many Americans from moving, among the people who are still buying homes, one in four are searching outside of their hometown in relatively affordable areas and hotspots like Las Vegas and Florida.

According to a new report from Redfin, the Homebuyer Demand Index revealed declining rates have lured some homebuyers back into the housing market, with the typical home’s time on market rising at its fastest annual pace on record.

According to Realtor.com's 2023 Housing Forecast, homebuyers won't find increased affordability in the coming year, as home prices aren't projected to decline nationwide amid the volatile market and rising mortgage rates.

The Sunbelt is attracting more homebuyers as they seek out affordable housing options, according to a report.

A new FairPlay analysis of U.S. mortgage approvals reveals deep inequities in mortgage fairness over time, as data found that mortgage fairness for both applicants in a community declines as the population of Black and Native American residents increases.

A majority of Americans are delaying life events and activities due to rising inflation, according to a new study from Bankrate, which found that an estimated 53% of consumers have delayed a major financial milestone due to the state of the economy.