Home shoppers have been so put off by elevated home prices and mortgage rates that buying sentiment has hit an all-time low, Fannie Mae FNMA, +1.03% said. The agency on Read more
Tag: mortgagerates
‘Home prices are slowing’: Report says home price growth continues to slow in September as rates continue to stay above 7%
Home prices continue to slow across America. Home prices dropped by 0.5% in September from August, according to CoreLogic’s Home Price Index and Home Price Index Forecast. Home price appreciation Read more
People are keen to move out of big cities due to inflation. They are eyeing these sunny locations for lower-cost living.
Americans are fed up with the high cost of living in big cities, and they’re planning on moving to sunny, more affordable locations. That’s according to a new report by Read more
Decline in U.S. pending home sales gathers steam in September
The numbers: U.S. pending-home sales fell 10.2% in September, which is the fourth straight monthly drop, according to the monthly index released Friday by the National Association of Realtors (NAR). Read more
Mortgage rates surpass 7%, Freddie Mac says — ‘leading to greater stagnation in the housing market’
High mortgage rates continue to pressure the housing market, as the sector undergoes a deep slow down after two years of blockbuster growth. The 30-year fixed-rate mortgage averaged 7.08% as Read more
U.S. new home sales retreat in September, partially reversing surprising gain in prior month
The numbers: U.S. new home sales fell 10.9% to a seasonally-adjusted annual rate of 603,000 in September, from a revised 677,000 in the prior month, the Commerce Department reported Tuesday. Read more
Mortgage applications drop after rates top 7%, the highest since 2001
The numbers: Mortgage applications fell 1.7% this week, as higher mortgage rates continue to depress buyer demand, dragging down the housing sector. Applications continue to trend at the lowest level Read more
The 10 most affordable housing markets for homebuyers, according to Zillow
Rejoice, fans of “The Office” — if you’re looking to buy a home, Scranton, Pa. also happens to be the most affordable housing market in America, according to a new report. Read more
‘Bad news for homeowners’: The number of homes on the market is rising. That’s unusual for this time of the year.
It took a while, but it’s finally happening — the number of for-sale listings on the market is rising, even during what is generally a slow season for the real-estate Read more
Mortgage bankers expect rates to drop to 5.4% in 2023. What will home prices do?
NASHVILLE, Tenn. — High mortgage rates and recession fears are hurting home prices, so expect growth to be flat this year, one expert says. “Our forecast is for home-price growth Read more