Tag Archives: home prices

Rising rates and home prices stifle January market: Redfin

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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 →

Strength in home prices helped boost Fannie, Freddie 2023 profits

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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 →

Falling rates helped drive home price growth in Q4, NAR says

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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 →

US home prices tally biggest uptick of 2023 amid steep mortgage rates

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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 →

Fannie Mae, MBA economists still expect mild 2024 recession

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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 →

Rates keep falling, and buyers and sellers are springing into action

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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 →

Homebuyer sentiment tallies record low amid falling rates

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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 →

Hallelujah! Finally, some good news about the real estate market

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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 →

Homebuyers respond to biggest drop in mortgage rates this year

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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 →