The Federal Reserve’s policy shift depressed homebuyer and homeseller activity in January, according to Redfin. Monthly new and active listing growth dropped to the lowest levels since last summer. Continue reading
With a combined net worth of $125 billion after earnings this week, the mortgage giants remain on a path that could lead to eventual release from government conservatorship if political winds shift. Continue reading
U.S. home prices shot up in 86 percent of the 221 metropolitan areas tracked by the National Association of Realtors and rose 3.5 percent in the fourth quarter, according to data released Thursday by NAR. Continue reading
The S&P CoreLogic Case-Shiller National Home Price Index posted a yearly increase of 4.8 percent during October, their fastest annual rate increase of 2023. Continue reading
The good news for real estate pros is that closely watched forecasts agree home sales will bottom in Q4 2023, and mortgage rates are looking ready to come down significantly next year. Continue reading
Listings and pending sales hit the highest level in roughly a year, according to a new report from Redfin. Still, a record number of contracts were canceled. Continue reading
Fannie Mae economist warns that, while mortgage rates have retreated, the primary drivers of housing pessimism are persistent affordability challenges and worries about household finances. Continue reading
You loved last week’s good news on mortgage rates, and this week brought even more smiles to real estate agents and brokers. Continue reading
Purchase mortgage applications trended up last week for the first time in nearly a month as mortgage rates retreated from 2023 highs, according to the MBA’s weekly survey of lenders. Continue reading
When will rising interest rates, low inventory and diminishing buyer hopes translate into falling home prices? Windermere Chief Economist Matthew Gardner crunches the numbers and looks at the possibilities of a correction. Continue reading