With a key inflation report due Friday, mortgage rates and long-term Treasury yields have retreated to levels not seen in two weeks after Fed signals it could ease up on “quantitative tightening.” Continue reading
Thirty-six percent of Gen Zers and millennials who plan to buy a home in the near future intend to use a cash gift from family to contribute to a down payment, according to data from Redfin released Wednesday. Continue reading
The S&P Core Logic Case-Schiller National Home Price Index tallied a 6 percent annual increase in January, reaching its fastest annual rate in more than a year, according to data released Tuesday. Continue reading
Existing-home sales were on the upswing in February, according to a National Association of Realtors report published on Thursday. The sale of existing single-family homes, townhomes, condominiums and co-ops declined 3.3 percent year-over-year from 4.5… Continue reading
Listing agents have less than a month to prepare homesellers for the spring housing season, according to Realtor.com’s annual “Best Day to Sell” analysis, published on Thursday. This year, the portal says the week of April 14 is the best time to close … Continue reading
In addition to anticipating three rate cuts this year, Federal Reserve policymakers are considering whether to taper the pace at which they unwind the central bank’s $7 trillion balance sheet. Continue reading
After two consecutive weeks of rising demand, applications for purchase mortgages dropped by a seasonally adjusted 1 percent last week compared to the week before, and 14 percent from a year ago. Continue reading
The recent surge in mortgage rates could take some air out of a projected rebound in 2024 home sales, with deals driven mostly by households who can no longer put off their moves due to life events. Continue reading
As the first day of spring arrives, three economists shared with Inman why headwinds will continue to plague the housing market in 2024, long after a recovery was expected to revive U.S. home sales. Continue reading
Ahead of the National Association of Realtors’ commission settlements Friday, some agents are reevaluating their memberships and considering the American Real Estate Association instead. Continue reading