NAR Releases 2023 Profile Of Home Buyers And Sellers
In the face of high interest rates and rising home prices, the typical buyer’s income rose 22% to $107K. 1 […]
Inflation Eased In Oct. As It Continues To Cool
Gas, cars and airfare cost less last month. Prices rose 3.2% year-to-year in Oct. – still higher than the Fed’s
The 1% Rate Difference On Monthly Mortgage Payments
Interest rate volatility on the 30-year fixed-rate mortgage has dramatically reshaped the housing industry since the onset of the Covid
Average 30-Year Mortgage Rate Falls To 7.44%
Last week, it was 7.5%. It’s the third weekly drop in a row, good news for buyers facing persistently high
Latest Data Shows Home Prices, Rates May Improve
Freddie Mac Chief Economist: “New data indicate inflationary pressures are receding” – which, along with lower mortgage rates, may lure
What’s Pushing Inflation Down?
Answer: More goods, workers and housing. Overall inflation didn’t rise from Sept. to Oct., the 1st time consumer prices haven’t
New Home Lot Inventory Modestly Climbs Again
Zonda’s New Home Lot Supply index showed the U.S. lot supply loosened year-over-year in the 3Q. But Miami was in the
New Home Purchase Applications Up Nearly 40% In October
Mortgage applications for new home purchases during October were up by 6% from September and up by 39.7% from one
U.S. Unemployment Claims Drop, Showing Resiliency
Despite high interest rates, jobless claims this week dropped to 209K. The economy’s durability raises hopes the Fed can continue
Home Sales Likely To Weaken In Near Term
Fannie Mae researchers: Mortgage rates in 2024 will retreat from recent highs and average 6.8% by year’s end; in turn,
