With mortgage rates continuing to edge closer to the 8% mark, home builders have reduced home prices in order to boost sales. Just how many reported cutting home prices in October? We’ve got the answers.
Read More »New Residential Sales Slow in August
Month-over-month, HUD and the Census Bureau reported an 8.7% drop-off in new home sales in August, with sales impeded by mortgage rates over the 7% mark.
Read More »How Are Mortgage Rates Impacting Home Sales?
A new Zillow survey reveals that 80% of mortgage holders report having a rate of less than 5%, as over time, homeowners will come to terms with higher rates as commonplace.
Read More »Purchase Mortgage Apps Rise for Third Consecutive Week
The MBA reports that new home sales have been driving purchase activity in recent months, as buyers continue to seek options beyond the existing-home market.
Read More »Home Builder Confidence Shifts Into Positive Territory
For the first time in nearly 11 months, solid demand, a lack of existing inventory, and an improvement in supply chain efficiency have all contributed to an uptick in home builder confidence nationwide.
Read More »New Home Purchase Apps Rise 4% YoY
The MBA reports April marked the third consecutive month of year-over-year growth in new home purchase apps, as the mortgage rate environment continues to factor into homebuying and selling decisions.
Read More »Rates Keeping Many Prospective First-Time Homebuyers on Sidelines
Freddie Mac reports that, after retreating for two consecutive weeks, the 30-year fixed-rate mortgage edged back upward this week, nearing the 6.40%-mark, and forcing app volume downward.
Read More »Builder Confidence Up Due to Lack of Existing Inventory
“Lack of existing inventory continues to drive buyers to new construction,” said National Association of Home Builders Chief Economist Robert Dietz.
Read More »Urban, Rural, Tribal Housing Challenges Discussed by Senate Committee
According to recent data, the U.S. is short approximately four million housing units, a gap which is only growing, as well as the number of over-burdened renters and owners.
Read More »The Week Ahead: Senate Examines the Housing Space
An upcoming Senate Banking Committee hearing will examine the nation’s housing space, as rates continue to drop and buyers are re-entering the fray.
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