The numbers: U.S. new home sales surged 28.8% to a seasonally-adjusted annual rate of 685,000 in August, from a revised 532,000 in the prior month, the Commerce Department reported Tuesday. Read more
Tag: housingcrash
U.S. home prices fell in July, as mortgage rates approach 7%
The numbers: The S&P CoreLogic Case-Shiller 20-city house price index rise slowed to 16.1% year-over-year in July, a lower rise than the 18.7% jump in the previous month. In the Read more
U.S. home prices see biggest deceleration in the history of the Case-Shiller index, as mortgage rates approach 7%
The numbers: The S&P CoreLogic Case-Shiller 20-city house price index rise slowed to 16.1% year-over-year in July, a lower rise than the 18.7% jump in the previous month. In the Read more
‘They’re waiting to see if home prices fall’: Home buyers are backing out of contracts in the Sun Belt at a record rate
The tide has turned, and buyers are now backing out of deals in the Sun Belt as rates rise and home prices remain unaffordable. Once pandemic boomtowns, 15.2% of homes Read more
Mortgage rates hit 6% for the first time since 2008, while applications fall to lowest level since 1999
The numbers: A surge in mortgage rates to 6% is giving home shoppers chills, pushing them to wait to refinance or buy a home. With rates doubling from where they Read more
Mortgage rates fall amid rising concerns over a recession
The 30-year fixed-rate mortgage averaged 5.3% for the week ending July 7, according to according to data released by Freddie Mac on Thursday. That’s down 40 basis points from the previous week — Read more