It’s taking more time for homeowners to sell their homes. And that’s potentially good news for homebuyers, who now have more room to negotiate. Mortgage rates are soaring, with the Read more
Tag: housingcorrection
Mortgage rates surge to the highest level since April 2002. ‘The next several months will undoubtedly be important for the economy and the housing market.’
The numbers: U.S. mortgage rates have resumed their journey upwards, hitting a 20-year high. The 30-year fixed-rate mortgage averaged 6.92% as of October 13, according to data released by Freddie Read more
One chart reveals how sellers are adjusting to higher mortgage rates by slashing home prices
Here’s a chart that speaks a thousand words about the state of the real-estate market right now. The chart above, part of a new report by real-estate brokerage Redfin RDFN, Read more
Mortgage applications fall as rates rise to the highest level in 16 years
The numbers: Mortgage applications fell 2% this week, as rates continue to inch higher, adding hundreds of dollars in costs to potential homebuyers. Rates are a hop and a skip Read more
These 5 charts show the depth and seriousness of the U.S. housing downturn. Expect a ‘further weakening in demand.’
The U.S. housing market has been pushed into a recession, helped by pandemic-era prices and mortgage rates now surpassing 7%. “The headwind from higher mortgage rates has already been visible Read more
‘We want to live in Mexico:’ Should we sell our property in the U.S. before prices drop, and purchase our dream home overseas?
We own several homes, and they all provide solid income. In fact, they more than cover themselves, and allow us to build up contingencies. But we want to live in Read more
Mortgage applications fall to the lowest pace in 25 years in latest week
The numbers: A surge in mortgage rates, and evacuations due to Hurricane Ian, both seriously dampened demand for home purchases and refinances. Rates are inching even closer to 7%, and Read more
Mortgage applications fall to the lowest pace in 25 years in latest week
The numbers: A surge in mortgage rates, and evacuations due to Hurricane Ian, both seriously dampened demand for home purchases and refinances. Rates are inching even closer to 7%, and Read more
Home prices fell in August from July, CoreLogic says. These are the top 5 markets at risk of steep declines.
Home-price growth has slowed for the fourth month in a row, as the housing market continues to cool amid high mortgage rates, according to one measure. Compared to July, home Read more
U.S. will turn into a buyers’ housing marke in 2023, most experts say. Here’s where you’ll see the biggest declines.
Frustrated by the housing market? Housing experts say they’re expecting the market to tip back into buyers’ court by 2023, according to a new report. Mortgage rates are approaching 7%, Read more
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