Tag Archives: Lawrence Yun

Freddie Mac reported that mortgage rates experienced the largest one-week spike since gauging the metric in 1987—nearly doubling year-over-year.

After nearly a month of declines in mortgage application volume, the MBA reported that apps rose 6.6% week-over-week, as the industry braces itself for the latest rate hike by the Fed.

Month-over-month, pending sales of homes in the U.S. remain in decline, as escalating rates have bumped up the cost of purchasing a home by more than 25% year-over-year.

A rise in mortgage rates over the 5% mark, and an increase in prices has impacted April buyer activity, as buyers wait for the market to show signs of stability.

The rise in interest rates and inflationary pressure have taken a toll on home purchases, as the sale of existing homes continues to slide.

Limited inventory and high demand continue to push the number of pending home sales downward, with contract signings down across all regions month-over-month, except for the Northeast.

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 ...

While pending home sales in the west rose, the other three major regions experienced declines.

Low housing supply and rising prices sent pending sales downward as contract signings dropped in all regions of the nation.

A new report has found that eager home buyers are anticipating a rise in rates with home sales on the upswing in November.