The average 30-year fixed rate mortgage exceeded 5% in April, the highest level
since 2011, according to Freddie Mac. The recent surge in mortgage rates has
reduced the pool of eligible buyers and has caused mortgage applications to
decline, with a significant impact on refinancing applications, which …
Nationally, existing home sales recently dropped to a 6-month low, falling 7.2% as
buyers struggled to find a home amid rising prices and historic low inventory.
Pending sales are also down, declining 4.1% as of last measure, according to the
National Association of REALTORS®. Builders are working …
The U.S. real estate market remains hot ahead of the spring selling season, with
existing home sales up 6.7% as of last measure, according to the National
Association of REALTORS®. Experts attribute the growth in sales to an uptick in
mortgage interest rates, as buyers rushed to …
The 2022 real estate market begins where 2021 left off, in which existing home sales
reached their highest level since 2006, with the National Association of REALTORS®
reporting sales were up 8.5% compared to the previous year as homebuyers rushed
to take advantage of historically low mortgage …
The 2021 housing market was one for the history books. After three consecutive
months of increases recently, existing home sales are on pace to hit their highest
level in 15 years, with an estimated 6 million homes sold in 2021 according to the
National Association of REALTORS®. …
The economy is improving, unemployment is falling, and the U.S. real estate market
remains strong as we head into the holiday season, a period when activity typically
slows as people take time to travel, celebrate, and spend time with loved ones.
Although the market is not as …
The U.S. housing market remains robust, with strong activity reported across both
rental and residential housing fronts. Single-family rent prices are increasing rapidly,
as demand for single-family housing and inventory constraints forces some buyers
to rent, increasing competition and pushing rents up across the nation. Meanwhile,
sales …
Nationwide, existing home sales were down slightly in August, falling 2% after two
consecutive months of increases, according to the National Association of
REALTORS®. The decline in existing home sales coincides with rising sales prices,
which have continued to soar into fall, with the median sales price …
The booming U.S. housing market has spilled over to the rental market, which has
seen demand for apartment and single-family rentals skyrocket this year, as high
sales prices and an inadequate supply of available housing have forced many
prospective buyers to rent for the foreseeable future. Increased …
The White House recently announced additional measures to help struggling
homeowners avoid foreclosure as they exit forbearance, including loan
modifications and payment reductions. Borrowers with federally backed mortgages
can lock in lower interest rates and extend the length of their mortgages. For
borrowers who can’t resume their …
