News Ticker

[ December 21, 2024 ] Retail Chain Party City is Going Out of Business Weely Real Estate News
[ December 20, 2024 ] D.R. Horton to Launch New Master-Planned Community in Utah Weely Real Estate News
[ December 20, 2024 ] Hits and Misses for the Real Estate Week of Dec. 16-20 Weely Real Estate News
[ December 20, 2024 ] Alabama Home Sales Up, Reversing Three-Month Decline Weely Real Estate News
[ December 20, 2024 ] New York State Housing Inventory at 8-Month Low Weely Real Estate News

Daily Real-estate News

U.S. Home Prices Surge to Record High Amid Housing Boom
COVID-19 Pandemic Spurs Home Renovations and Remodeling Boom
Millennials Fueling Strong Demand for Housing, Driving Up Prices
Housing Inventory Remains Low, Pushing Buyers to Compete for Homes
Remote Work Driving Migration to Suburbs and Smaller Cities
New Home Construction Slows Due to Labor Shortages and Rising Costs
Rising Interest Rates Could Cool Down Housing Market Boom
Low Mortgage Rates Continue to Support Housing Market Growth
Increasing Number of Renters Struggling to Afford Housing
Tech Companies Invest in Real Estate for Office and Data Center Space

Builders Concerned About Sudden Pullback in New-Home Market

August 16, 2022 Allen Santos Comments Off

Builders say more buyers are backing out of sales contracts for new homes as traffic fizzles, causing homebuilder confidence to drop for the eighth straight month, the Commerce Department reported Tuesday. Single-family home construction last […]

What Climate, Health Care Bill Doesn’t Do

August 15, 2022 Stu Turley Comments Off

The sweeping climate, healthcare and tax bill that passed the U.S House of Representatives Friday spared affordable housing investment and other real estate from the most feared new taxes. The bill, approved by the Senate, […]

10 Most Affordable Lake Towns

August 15, 2022 Stu Turley Comments Off

Lakefront homes may offer home buyers a chance to buy a waterfront property at a more affordable price than a vacation home on the ocean. Some of the least expensive lake towns may not be […]

Yun: Slowing Inflation Suggests Mortgage Rates Have Topped Out

August 12, 2022 Allen Santos Comments Off

Inflation eased slightly in July, which could bode well for the housing market in the months ahead, says Lawrence Yun, chief economist for the National Association of REALTORS(R). Overall, inflation slowed from 9.1% in June […]

Double-Digit Home Price Gains in Q2 Erode Affordability Even More

August 11, 2022 Allen Santos Comments Off

Despite a slowdown in home sales, home prices continue to soar. Eighty percent of 185 major metro markets across the country posted double-digit annual price appreciation in median single-family existing-home sales prices, the National Association […]

Mortgage Rates Rocket Back Above 5%, But Market ‘Stabilizing’

August 11, 2022 Allen Santos Comments Off

Home buyers are having difficulty gauging opportunities to save on a property purchase as mortgage rates become more volatile. The average for the 30-year fixed-rate mortgage swung above 5% again this week, clocking in at […]

WCR Grants Aim to Inspire More Women Real Estate Leaders

August 8, 2022 Allen Santos Comments Off

The Women’s Council of REALTORS(R) wants to inspire more women to take on leadership roles in the real estate industry through its Supporting Women of Real Estate grants, which provide local and state REALTOR(R) associations […]

Mortgage Rates Dip Below 5%; Buyers Get ‘A Second-Chance Opportunity’

August 4, 2022 Allen Santos Comments Off

After weeks of escalating borrowing costs, home buyers are getting a second chance to lock in lower rates. The 30-year fixed-rate mortgage fell to an average just below 5% for the week ending Aug. 4, […]

Yun: Possible Economic Downturn Likely to Be Mild

August 2, 2022 Allen Santos Comments Off

The country isn’t officially in a recession yet, despite two consecutive quarters of national contraction of the gross domestic product, a commonly cited indicator of an economic downturn, says Lawrence Yun, chief economist for the […]

NAR’s REACH Labs Makes First Multi-Association Alliance

August 1, 2022 Allen Santos Comments Off

Chicagoland REALTOR(R) associations and a multiple listing service are teaming up to bring more real estate tech innovations to its members, billed as the first multi-association and MLS to form a REACH Labs program. REACH […]

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off

Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off

Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off

Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]