The deceleration in home prices seen last fall didn’t continue in January as home buyers rushed to lock in deals
The post Home Prices Soar at One of the Fastest Rates on Record, but Higher Mortgage Rates Should Slow Future Growth appeared first on Real Estate News & Insights | realtor.com®.
Fast-rising mortgage rates are straining affordability for a growing number of families, putting homeownership out of reach for some.
The post Pending Home Sales Decline for 4th Consecutive Month, as Interest Rates Rise: ‘Many People Looking for a Home Have Hit a Ceiling’ appeared first on Real Estate News & Insights | realtor.com®.
U.S. new-home sales decreased 2% to an annual rate of 772,000 in February. Compared to a year earlier, sales were down more than 6%.
The post New Home Sales Decline, Surprising Analysts, Even Though the Inventory of Properties for Sale Has Hit the Highest Level Since 2008 appeared first on Real Estate News & Insights | realtor.com®.
The popular spring home-buying season is just ramping up. But one analyst is warning that it could be a bust.
The post ‘The Housing Market Is in the Early Stages of a Substantial Downshift’: Home Sales May Drop 25% by the End of Summer, According to This Analyst appeared first on Real Estate News & Insights | realtor.com®.
Existing-home sales decreased 7.2% between January and February, falling to a seasonally-adjusted, annual rate of 6.02 million, the National Association of Realtors said Friday.
The post ‘Buyers Are Getting a Double Whammy’: Existing-Home Sales Fall as Affordability Concerns Mount appeared first on Real Estate News & Insights | realtor.com®.
Housing starts climbed in February, but a downturn in building permits suggests that construction companies are focusing on their existing pool of permits.
The post New-Home Construction Improves as Builders Work Through Backlog of Permits—but Pressure From Inflation, Labor Shortages and Rising Rates Remain appeared first on Real Estate News & Insights | realtor.com®.
Rising rates threaten to pressure home buyers’ budgets as the popular spring season for the real-estate market gets underway.
The post Mortgage Rates Soar Above 4% for the First Time Since 2019 appeared first on Real Estate News & Insights | realtor.com®.
The outlook regarding the sales of new homes over the next six months has dropped to its lowest level since June 2020.
The post Home Builder Confidence Sinks as Expectations Around Future Home Sales Worsen appeared first on Real Estate News & Insights | realtor.com®.
Mortgage rates have moved higher once again. Where they will go in the short term, though, largely depends on what happens overseas.
The post Mortgage Rates Rise As the War in Ukraine Stokes Volatility appeared first on Real Estate News & Insights | realtor.com®.
“January data showing national rents continued to surge by double-digits over last year—and at a faster pace than for-sale home prices.”
The post Barely Mentioned in Biden’s State of the Union: Rents Are Skyrocketing, Complicating Americans’ Ability To Save for a House appeared first on Real Estate News & Insights | realtor.com®.