Today: 1. Jul, 2024
Home prices set another record in April, even as mortgage rates rose and the supply of homes for sale increased. Usually, under those circumstances, prices would weaken, but today’s housing market is unlike any other in recent history. This article explores the…
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…
Pending home sales significantly dropped in April, reaching their lowest level since the onset of the pandemic. According to the National Association of Realtors (NAR), signed sales contracts on existing homes fell by 7.7% compared to March, marking the slowest pace since…
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…
Buyers and sellers keenly observe fluctuating mortgage rates as the spring housing market unfolds. With the Federal Reserve’s decisions hanging in the balance, the real estate landscape this season is heavily influenced by the uncertainty of interest rates. According to Freddie Mac,…
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…
In the fluctuating world of real estate and mortgage rates, whether to refinance a mortgage is pivotal for homeowners looking to save money. With the Federal Reserve’s interest rate cuts uncertain, those who secured mortgages when rates ranged between 6% and 8%…
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…
