Today: 5. Nov, 2024
In a surprising turn of events, the housing market showed signs of life in July, with home sales rising for the first time in five months. According to the National Association of Realtors (NAR), closed sales of previously owned homes increased by…
The heat in the housing market is beginning to wane, with home prices showing signs of cooling despite still being higher than last year. New reports indicate shrinking price gains and a shift in seller behavior after a stagnant spring market. Shrinking…
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 recent development that has caught the attention of potential homeowners and real estate analysts alike, mortgage rates have experienced a slight decline, falling just below the 7% mark. This rate adjustment has sparked a notable surge in mortgage demand, marking…
In a recent shift, the demand for mortgages has decreased after weeks of steady increase, highlighting buyers’ challenges in an increasingly competitive housing market. The Mortgage Bankers Association’s seasonally adjusted index reveals a 7.2% decline in total mortgage application volume compared to…
As mortgage interest rates continue progressing upward, the mortgage industry is witnessing a significant shift in consumer preferences and behaviours. The demand for mortgages has slowed down to its lowest pace since 1995, with total application volume experiencing a 1% drop last…
