Although inventory is closer to catching up with last year, home shoppers are still contending with fewer homes for sale. The national inventory of active listings declined by 12.2% over last year, while the total […]
Higher home prices and sharply higher mortgage rates have reduced buyer activity. KEY TAKEAWAYS Existing-home sales fell for the third straight month to a seasonally adjusted annual rate of 5.61 million. Sales fell 2.4% from […]
Freddie Mac officials say the volatility is causing purchase demand to wane. Freddie Mac’s weekly Primary Mortgage Market Survey report released Thursday showed two decreases in mortgage rates and one increase, signaling that economic volatility is causing […]
Home sales and mortgage originations are predicted to drop. While U.S. gross domestic product was weaker than expected, contracting by 1.4% on an annualized basis, persistent inflation, rising interest rates and weakening global growth led […]
Zillow sees signs that a rebalancing could be around the corner, but for now the market is moving at record speed. KEY TAKEAWAYS U.S. home values continue to grow at a record pace, up nearly […]
Townhouses were more likely to receive multiple bids. Just over 60% of home offers encountered competitive bids on a seasonally adjusted basis in April, the lowest level since March 2021, says online real estate brokerage […]
People spent $2.8 trillion on homes last year, setting an all-time high. KEY TAKEAWAYS According to the report, at the end of 2021, prices were 50% above their highest point before the market crash in […]
Forty-six percent of bank executives predict overall economic conditions will worsen over the next 12 months Bankers are not feeling good about the next year. According to a survey released Wednesday by IntraFi Network, 46% of bank […]
There has been a lot of volatility in the bond market recently. Because bonds drive interest rate changes, that’s meant plenty of volatility in the mortgage market as well. The month of May has been […]
“One minute you’re young and having fun. The next, you’re turning down the car stereo to see better.” Gone are the days when all loan officers wanted to see from their company was decent pricing […]
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