It seems the lure of Scotland’s historic charm, breathtaking landscapes and centuries-old castles is proving irresistible to homebuyers from across the pond. US buyers have descended upon the Scottish real estate market like never before, […]
Stubbornly elevated mortgage rates created more affordability pressures for homebuyers in October, according to ICE Mortgage Technology’s November Mortgage Monitor report. In October, the monthly payment needed to purchase a median-priced home exceeded the $2,500 […]
To many, homebuying is a daunting, often confusing process. Admittedly, the myriad of documents requiring signatures can be overwhelming, especially for first-time homebuyers. Thankfully, there are a number of online resources that can help homebuyers […]
The average long-term mortgage rate climbed further above 7% this week to its highest level since 2001, another blow to would-be homebuyers grappling with rising home prices and a stubbornly low supply of properties on […]
On Tuesday, the average 30-year fixed mortgage rate jumped back up to 7.34%. That coupled with home prices that rose dramatically during the pandemic, and in some markets, are still rising, has deteriorated affordability. It’s pricing buyers out […]
The US economy may avoid a recession after all. That’s not great for sidelined homebuyers. A recession would likely cause interest rates to fall, bringing down mortgage rates and adding housing inventory. High borrowing costs […]
Lawrence Yun has as big a stake in the Federal Reserve’s moves as any economist: As the chief economist for the National Association of Realtors, his industry is a target of the Federal Reserve’s efforts […]
We’re revisiting housing inventory today because it’s one of the key sticking points that’s keeping home prices elevated and buyers wary. Jerome Powell said last week that housing activity is bottoming and could be improving already — […]
Only 6.1% of mortgaged home sales used a jumbo loan in April, down from 10.6% a year earlier. The post One-Third of Homebuyers Now Paying in All-Cash Deals appeared first on Weekly Real Estate News.
He does not budge, even as some economic data indicate that the economy is likely to escape recession. For Elon Musk, the entrepreneur behind at least five companies — Tesla, SpaceX, Twitter, Neuralink and Boring Co. […]
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