Tag Archives: National Association of Realtors (NAR)

A slight month-over-month uptick of 0.8% in October continued the trend of a second straight month of gains for this metric.

After dipping below the 3% mark last week, fixed-rate mortgages climbed on the strength of a rise in consumer spending and improvements in unemployment.

Continued shortages in building materials, labor, and land contributed to a monthly decline in October new housing starts.

Overall mortgage application and refi volume fell week-over-week, as well as dropping 31% year-over-year.

Buying homes at an auction is becoming more mainstream, as consumers explore new purchase options in a market of high prices and tight inventory.

Home sales may be at their highest levels in 15 years, but a number of factors may force the market to cool next year.

For the first time in over a month, mortgage rates have dropped below the 3% mark, signaling a strong finish for the purchase and refi markets to close out 2021.

According to a report, the median sales price of single-family existing homes climbed 16% from one year ago, but the rate of growth slowed when compared to the prior quarter.

The days of rates in the 3% range may be numbered, as yesterday’s actions by the Fed to begin tapering may put upward pressure on rates moving forward.

Fed Chair Jerome Powell has announced a slow tapering of the U.S. economy, as MReport examines the impact of the Fed’s actions on the nation’s housing market.