Today: 16. Nov, 2024
The housing market’s trajectory for the latter half of 2024 has experts divided, with some anticipating improvements while others remain cautious. Initial Optimism and Varied Predictions “Mostly, we think the housing market is going to improve over the next half of the…
In a notable development that has garnered the attention of homeowners and those looking to buy, US mortgage rates have climbed to approximately 7%, representing a doubling in just three years. This uptick is gradually transforming the dynamics of the housing market,…
As mortgage rates experienced a modest decline last week, a noticeable uptick in refinancing interest emerged, particularly following a sustained period of rate increases. This trend underscores a complex landscape in the housing finance sector, where rate fluctuations continue to dictate market…
As the spring housing market grapples with numerous challenges, including low supply, elevated prices, and surging interest rates, new home sales have surprisingly moved upward. Despite the deterrent of 7% mortgage rates, new construction draws attention with better incentives and availability than…
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…
The latest survey from the Royal Institution of Chartered Surveyors (RICS) provides a promising outlook for the UK housing market, indicating that house prices are expected to grow over the next year. This recovery follows a period of stabilization in March after…
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 a housing market that’s been anything but predictable, a new analysis from Redfin brings to light a striking trend: home price growth has decelerated to rates reminiscent of the pre-pandemic era. February saw U.S. home prices increase by 0.6% from the…
In recent events, the housing market has witnessed a significant downturn in mortgage demand, mainly attributed to the spike in interest rates. According to the Mortgage Bankers Association’s seasonally adjusted index, there was a noticeable 5.6% drop in total mortgage application volume…
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…
