S&P CoreLogic Case-Shiller National Home Price Index gained 1% from a year earlier.
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U.S. Home Sales Fall in August to the Lowest Level Since January
“It’s possible that mortgage rates may go up to 8%,” says Lawrence Yun, chief economist at the National Association of Realtors.
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U.S. Mortgage Demand Rises Ahead of Fed Decision on Rates
Applications are rising despite the 30-year rate being at its highest level in four weeks, industry group says.
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U.S. Housing Starts Drop to Lowest Level Since June 2020
Construction of new U.S. homes fell 11.3% in August as builders scaled back new projects to focus on completions.
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The Fall in Home Prices May Already Be Over
Quick recovery in prices suggests housing downturn could be shorter, shallower than expected.
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Luxury Homes Are Selling Surprisingly Fast in These Cities
Tech hubs topped the list, while there’s a clear slowdown in some New York City commuter towns.
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What’s Worse Than Record High Rent? Record High Rent, Plus Fees.
Some fees, such as those for parking and pets, have been around for years, but many renters now pay up for things they were rarely charged for in the past.
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Housing Affordability Is Now at Its Worst Level Since 1984, Black Knight Says
In January 2013, the payment-to-income ratio was just 17.1%. In July 2023, it was 38%.
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The 30-Year Mortgage Rate Has Surpassed 7%, but Some Buyers Are Only Paying 6%. Here’s How They Do It.
Mortgage rates have surged to 20-year highs of more than 7%, and are poised to rise even further. But buyers of new homes aren’t necessarily feeling the pinch.
The post The 30-Year Mortgage Rate Has Surpassed 7%, but Some Buyers Are Only Paying 6%. Here’s How They Do It. appeared first on Real Estate News & Insights | realtor.com®.
Mortgage Rates Fall to Lowest Level in Six Weeks
The 30-year mortgage rate is averaging at 6.32% Freddie Mac said in its latest weekly survey on Thursday.
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