Existing-home sales will fall in 2023 to the lowest rate since 2008, National Association of Realtors forecasts.
The post U.S. Pending Home Sales Stay Near Record Low Despite Modest Pickup in September appeared first on Real Estate News & Insights | realtor.com®.
After spiking to an alarming 23-year high last week, mortgage rates have skyrocketed even further into the stratosphere for a frightening kickoff to October.
The post Mortgage Rates Just Hit Their Highest Level ‘in a Generation’—Is 8% Next? appeared first on Real Estate News & Insights | realtor.com®.
Rates for a 30-year fixed-rate loan rose to its highest level since 2000, landing at an average of 7.31%, which will likely hit today’s shaky real estate market especially hard.
The post So Much for the Federal Reserve: Mortgage Rates Hit a High Not Seen Since 2000 appeared first on Real Estate News & Insights | realtor.com®.
“Increased housing inventory and better interest rates are essential to revive the housing market,” Lawrence Yun of the National Association of Realtors says.
The post Contract Signings for U.S. Homes Drop in August to Lowest Level Since April 2020 appeared first on Real Estate News & Insights | realtor.com®.
According to a new Realtor.com report on America’s Hottest Housing Markets of August 2023, Rochester, NY, is popular due to its affordability.
The post America’s ‘Inhospitable’ Housing Market Has Driven Buyers to One City That’ll Surprise You appeared first on Real Estate News & Insights | realtor.com®.
What is going on in this contradiction-riddled housing market? There are so many factors keeping both prices and mortgage rates high.
The post Confused by the Housing Market? You’re Not Alone! We Explain the Head-Spinning Contradictions appeared first on Real Estate News & Insights | realtor.com®.
In the wake of the Federal Reserve’s much-anticipated decision to not raise rates on Wednesday, mortgage interest rates also held surprisingly steady.
The post A Close Look at the Latest Mortgage Rates, Fed Rumblings, and the ‘Promising’ Future of Housing appeared first on Real Estate News & Insights | realtor.com®.
After two weeks of declines, mortgage rates rose this week, averaging 7.18% for a 30-year fixed-rate loan—but next week may bring better news.
The post Mortgage Rates Just Went Up—but Here’s Why Next Week Offers Homebuyers Hope appeared first on Real Estate News & Insights | realtor.com®.
As a tepid summer real estate season wraps up, we explain what latest real estate statistics mean for buyers and sellers.
The post Mortgage Rates Finally Drop—but Is It Enough To Revive the Fall Housing Market? appeared first on Real Estate News & Insights | realtor.com®.
Everyone took a vacation this August—including would-be home sellers willing to put out a “For Sale” sign.
The post An Up-Close and Uncomfortable Look at the Housing Market’s ‘Inventory Crunch’ appeared first on Real Estate News & Insights | realtor.com®.