Source: The Hill — The U.S. housing market could be heading toward a correction after more than two years of massive price growth that has more recently been offset by the Federal Reserve’s attempt to […]
Source: Forbes — Housing market sentiment is at lows we haven’t seen since the 1980s. Inventory metrics are moving in the wrong direction, and mortgage rates have risen back to levels from before the financial […]
Source: Atlanta Agent Magazine — The National Association of REALTORS® named Spanish Fork, Utah, Realtor Kenny Parcell as its 2023 president at the NAR NXT convention in Orlando, Florida, this week. Parcell, who is preceded […]
Source: Forbes — Key takeaways The housing market is a hot topic right now, and after experiencing rapid growth over the pandemic years it looks to now be slowing down. Experts are expecting real estate […]
Source: Yahoo! — As of September, the number of newly listed homes had dropped 20% from the year before and homes are lingering on the market for 32 days — 13 more days than the […]
Source: CBS News — America’s home prices could plunge as much as 20% due to the sharp rise in mortgage rates in 2022, which are drastically increasing home ownership costs and “boost the odds of […]
Source: Bankrate — Home prices are up again. Only not as much. The national median price for an existing single-family home price stands at $398,500 — an 8.6 percent year-over-year increase, according to the National […]
Inflation and the resulting increase in interest rates continued to dent home sales activity into the fall. The National Association of Realtors® (NAR) said on Friday that its Pending Home Sales Index (PHSI) which tracks […]
Annual home price growth remained in double digits in September even as home sales and purchase mortgage volume continued their months’ long declines. The CoreLogic Home Price Index (HPI), the earliest look each month at […]
A bit of easing in mortgage rates prompted a tiny uptick in refinancing during the week ended October 28, but overall mortgage application volume continued its long slide. The Mortgage Bankers Association (MBA) said its […]
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