Today: 5. Nov, 2024
Despite increased available homes, sales of previously owned homes declined in March. The National Association of Realtors (NAR) reported a 4.3% drop from February, marking a seasonally adjusted annualized rate of 4.19 million units. This decrease also represents a 3.7% fall compared…
As the spring housing market unfolds, it’s challenging preconceived notions that anticipated a cooldown in prices and competition. Contrary to the expected impacts of higher mortgage rates, historically dampening demand, and housing prices, this year’s market dynamics are surprisingly resilient. The enduring…
In the ever-evolving landscape of the American dream, owning a home has become increasingly challenging, particularly when compared to the financial realities faced by previous generations. A recent study by Clever, a real estate data company, has shed light on a stark…
The U.S. housing market has kicked off the year positively with a 3.1% increase in sales of previously owned homes in January, reaching 4 million units on a seasonally adjusted annualized basis, as the National Association of Realtors (NAR) reported. Despite a…
In a surprising turn of events, the average rate on the popular 30-year fixed mortgage has soared past the 7% mark, reaching 7.04% on Monday for the first time since December, as reported by Mortgage News Daily. This significant increase follows a…
As 2024 unfolds, the housing market remains a topic of intense interest, especially for those hoping to buy their first home. The landscape has been shaped by fluctuating mortgage rates and persistent housing shortages, creating a complex environment for prospective buyers and…
As 2023 drew close, the United States housing market experienced its most significant downturn since 1995. The National Association of Realtors reported a notable slump in December home sales, reflecting a broader trend of market contraction. This decline culminated in a year…
The housing market, which has experienced its ups and downs during the COVID-19 pandemic, is witnessing a significant upturn as mortgage interest rates drop sharply. This rate decline, a percentage point lower than in October, rekindles buyer interest and potentially sets the…
In a surprising twist, November’s pending home sales remained steady, unaffected by the dramatic fluctuations in mortgage rates. This stability, as reported by the National Association of Realtors, comes amidst a landscape of high home prices and limited supply. With mortgage rates…
The housing market witnessed a remarkable upturn in October 2023, defying expectations amidst soaring mortgage rates. According to the latest S&P CoreLogic Case-Shiller home price index, national home prices experienced a significant 4.8% rise compared to the same month last year, marking…
