Tag Archives: high mortgage rates

Gino Blefari out as HomeServices CEO, Chris Kelly promoted

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Blefari has helmed HomeServices of America for more than five years. Kelly had been serving as an executive vice president before being promoted. Continue reading →

Build-to-rent homes hit record high in 2024 with no signs of slowing

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In 2024, a record 39,000 single-family rental homes were completed, marking a 15.5 percent jump from the previous year, according to a Point2Homes analysis of Yardi Matrix data released Wednesday. Continue reading →

Existing-home sales dip in January but maintain annual growth

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Existing-home sales dropped in January, as high mortgage rates and rising home prices continued to squeeze buyers, according to the National Association of Realtors (NAR). Existing-home sales fell 4.9 percent in January to a seasonally adjusted rate of… Continue reading →

Homebuyers gain leverage as sellers cut prices: Zillow

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Prospective homebuyers have a better shot at securing a dream home as sellers continue to lower listing prices, according to a recent analysis by Zillow. Despite persistently high mortgage rates, buyers are capitalizing on these price reductions to neg… Continue reading →

Homebuyers remain sidelined despite more listing options

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Even with an uptick in new listings, homebuyers aren’t rushing into the market. Instead, demand has dipped, leaving a growing supply of homes sitting as buyers remain hesitant about their next move, according to Redfin’s latest data analysis. Over the … Continue reading →

Home prices hit record high in November despite cooling demand

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In November, the Federal Housing Finance Agency and the CoreLogic Case-Shiller Indexes recorded annual gains of 4.2 percent and 3.8 percent, respectively, according to new data released Tuesday. Continue reading →

Economists no longer expect big drop in mortgage rates this year

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Elevated rates chill the prospects of a 2025 sales rebound from the lowest level in 30 years, as many would-be homebuyers and sellers would stay on the sidelines. Continue reading →