Tag Archives: Odeta Kushi

After the Fed decided to raise rates last week, mortgage rates followed suit and edged up to 4.42%, up 26 basis points over last week and forcing more prospective buyers to the sidelines.

Sales of new single‐family houses were at a seasonally adjusted annual rate of 772,000 in February, falling 2% below January’s rate of 788,000.

For the first time since May of 2019, mortgage rates have risen above the 4% mark, on the heels of news that the Federal Reserve has upped short-term rates.

Overall mortgage application volume fell week-over-week, as investors continue to weigh the impact of rapidly increasing inflation nationwide.

It has been 732 days since the Federal Reserve Open Market Committee (FOMC) cut interest rates in an emergency meeting in light of the then-blossoming COVID-19 pandemic. But all ...

MReport takes a closer look at the ripple effects caused by supply chain issues on the housing market, and when we can target a return to the days of a normal supply of housing inventory.

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

Even with rates heading back down to the 3% mark, many single‐family home buyers are being outpriced with lumber costs again on the upswing.

NAR reports that pending home sales rose in October, with buyers fearing a spike in rates took advantage of the limited supply available.

Still hampered by supply-chain concerns, home builders slowed their pace in October, as buyers absorbed a 12.3% annual increase in construction costs.