Published by FOX Business | June 9, 2022 This comes ahead of a Federal Reserve meeting where a raise in its main borrowing rate is expected Average long-term U.S. mortgage rates made a swift jump this week, further squeezing cash-strapped American homeowners. On Thursday, a 30-year fixed-rate mortgage averaged 5.23%, according to Freddie Mac. That’s up from …
Published by FOX Business | May 31, 2022 The rise in mortgage rates is pricing out buyers Price drops are “becoming increasingly common” in some of the most popular housing markets across the United States. According to new Redfin data, more than 20% of home sellers dropped their price in seven of the 10 most …
Home Sellers in Hot Markets are Dropping Prices as Demand Wanes Read More »
Published by Forbes.com | May 5, 2022 NAR calculates purchasing a home is now 55% more expensive than a year ago. Two years after enduring the devastating financial impacts of Covid-19, the U.S. economy has made an impressive comeback, in large part due to a booming housing market. But as Lawrence Yun, chief economist for …
Chief Economist For NAR Predicts Uncertainty For Housing Market Read More »
Published by FOX Business | May 2, 2022 Data recently released for February 2022 show that home prices continue to increase across the U.S. as limited supply and a race to lock in rising mortgage rates drove enticed buyers. First American Financial Corporation chief economist Mark Fleming discussed where he believes home prices are going …
Real Estate Expert on Whether Home Prices Could Come Down Amid Fed Rate Hikes Read More »
Published by REALTOR Magazine | April 13, 2022 Over the last year, the cost of shelter has increased 5%, marking the largest increase in four decades The rate of inflation reached 8.5% in March, continuing at a 40-year high and showing few signs of relief for consumers. Higher gas prices, food, and housing costs fueled the consumer …
Published by FOX Business | April 13, 2022 The real estate market isn’t dead despite rising mortgage rates, one market expert says “What we’re still seeing is really strong demand in the housing market because of the shortage of houses that were built over the last eight or so years,” Advisors Capital Management partner Joanne Feeney told FOX …
How Millennials Are Keeping The Housing Market Alive Read More »
Published by CNBC | March 23, 2022 The 30-year fixed mortgage loosely follows the yield on the 10-year U.S. Treasury, which is now at the highest level since May 2019. The average rate on the popular 30-year fixed mortgage hit 4.72% on Tuesday, moving 26 basis points higher since just Friday, according to Mortgage News Daily. …
Published by CNBC | March 2, 2022 While mortgage rates rose to the highest level in two years last week, they have since fallen quite sharply due to the war in Ukraine. Mortgage demand stalled last week, as interest rates hit a multi-year high, but that will likely change quickly. Rates are now falling fast …
Weak Mortgage Demand Could Get a Big Boost Amid Ukraine Crisis Read More »
Published by FOX Business | February 25, 2022 New contract signings fall again with inventory at an all-time low Pending home sales fell for the third month in a row in January, amid all-time low inventory and sky-high prices. The latest data from the National Association of Realtors shows contract signings for home sales dropped 5.7% last …
Published by FOX Business Personal Finance | January 19, 2021 A short sale, also called a pre-foreclosure, happens when a homeowner sells their house for less than what they owe on their mortgage. If you’re in the market to buy a house, it’s a good idea to explore all your options. One option is a …
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