The mortgage giants have earmarked the money for two programs aimed at encouraging the construction and preservation of affordable housing.
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“Now steadily rising mortgage rates, a further drag on affordability, appear to be weighing on demand,” one economist said.
The post New-Home Sales Slump in January as Weather, Rising Interest Rates and COVID-19 Impact Demand appeared first on Real Estate News & Insights | realtor.com®.
Economists expect that the pace of home-price growth will slow in the face of rising interest rates.
The post Home Prices Increase at Fastest Rate in 34 Years in December, but Rising Mortgage Rates Remain a Threat appeared first on Real Estate News & Insights | realtor.com®.
Getty ImagesThe numbers: Existing-home sales increased by nearly 7% between December and January, hitting a seasonally-adjusted, annual rate of 6.5 million, the National Association of Realtors said Friday. Compared to a
The post ‘The Major Question Is Whether Rising Rates Will Quench Housing Demand’: Existing-Home Sales Surge Higher, but Could Be Set for a Downturn appeared first on Real Estate News & Insights | realtor.com®.
It’s the highest average rate for the 30-year loan since May 2019, the last time mortgage rates were above 4%.
The post ‘Affordability Has Become a Substantial Hurdle’: Mortgage Rates Approach 4%, Threatening To Pour Cold Water on Housing Market appeared first on Real Estate News & Insights | realtor.com®.
Economists expected that the pace of new-home construction and building permitting will drop to start off the year.
The post ‘The Housing Market Is Set for a Sustained Softening’: New-Home Construction Falters, Even as Builders Secure More Permits appeared first on Real Estate News & Insights | realtor.com®.
A record low percentage of Americans believe now is a good time to buy a home due to eroding affordability.
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The component that measures the equivalent rent that homeowners would pay for their houses rose 3.8% between December 2020 and December 2021.
The post America’s Housing Market Is In the Grip of an Inflation Storm appeared first on Real Estate News & Insights | realtor.com®.
The 30-year fixed-rate mortgage averaged 3.45% for the week ending Jan. 13, up nearly a quarter of a percent from the previous week.
The post Bad News for Home Buyers: Mortgage Rates Soar to Highest Level Since March 2020 appeared first on Real Estate News & Insights | realtor.com®.
The “New Girl” star bought a home with her “Property Brothers” beau, but unmarried couples should think carefully before jumping into homeownership together.
The post ‘What Could Go Wrong? Yikes, Quite a Bit’: Zooey Deschanel’s Latest Home Purchase Could Be a Risky Gamble—Here’s Why appeared first on Real Estate News & Insights | realtor.com®.