Mortgage rates surge to 6.94%, a 20-year high, leading to steep decline in home sales
admin The numbers: Mortgage rates have risen to the highest level in 20 years. The 30-year…
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For-sale homes are spending more time on the market. That may be good news for home buyers.
It’s taking more time for homeowners to sell their homes. And that’s potentially good news…
Read MoreWhy the housing market should brace for double-digit mortgage rates in 2023
Even if Federal Reserve Chairman Jerome Powell and his cohorts stopped hiking policy rates soon,…
Read MoreBuilder sentiment drops to the lowest level since 2012. Home builders say the ‘situation is unhealthy and unsustainable.’
The numbers: The National Association of Home Builders’ (NAHB) monthly confidence fell 8 points to…
Read MoreBuilder sentiment drops to the lowest level since 2012. Home builders say the ‘situation is unhealthy and unsustainable.’
The numbers: The National Association of Home Builders’ (NAHB) monthly confidence fell 8 points to…
Read MoreMortgage 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…
Read MoreOne 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…
Read MoreShort-term rentals ‘gobbled up’ homes, worsening housing supply, Philly Fed president says. But Airbnb pushes back, saying it’s too easy an explanation.
Short-term rentals are partly to blame for the shortage of homes on the market, a…
Read MoreMortgage 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…
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Home builders sentiment index falls for record tenth month in a row in October. Home builders say the ‘situation is unhealthy and unsustainable.’
The numbers: The National Association of Home Builders’ (NAHB) monthly confidence fell 8 points to…
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