Tag Archives: home prices

Homebuyer demand sags as mortgage rates continue to rise

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With the Federal Reserve expected to begin tapering its purchases of mortgage-backed securities as soon as November, market forces are pushing mortgage rates higher.  Continue reading →

Outlook improves for home sales through end of 2021, beyond: Zillow

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Strong numbers of pending home sales and applications for purchase loans have pushed up sales forecasts through the end of the year. Continue reading →

Home sales predicted to close out 2021 with surprising strength

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Fannie Mae economists now expect that when the final numbers are in, sales of new and existing homes will grow by 4.7 percent to 6.8 million. Continue reading →

As list prices continue to soar, not all homebuyers are willing to play ball

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Homesellers have been pushing list prices to new heights, but a report released Thursday by OJO Labs indicates buyers aren’t as eager to shell out for the pricier pads. Continue reading →

Mortgage rate projected to top 4% in 2022 as Fed tapering plan nears

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The Fed could begin tapering as soon as November, adding momentum to market forces that have been pushing mortgage rates up in recent weeks. Continue reading →

‘OK Boomer’: Older homebuyers make gains as millennials struggle

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Baby boomers made gains over first-time homebuyers in the decade before the pandemic, growing to 24 percent of recent home purchases in 2019, according to a new analysis from Zillow. Continue reading →

Mortgage rates for home loans hit highest levels since June

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Purchase loan applications rose 2 percent week over week, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey, released Wednesday. Continue reading →

As Tesla sets its sights on Austin, listing agents near plant shift gears

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With news of Tesla bringing its headquarters to Austin and a factory nearing its opening, agents are advising sellers nearby to think big. Continue reading →

Homeowners slam brakes on refinancing as mortgage rates rise

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Prospect of higher monthly mortgage payments for homebuyers and impact on affordability also a concern, according to an analysis of mortgage pipeline data by Black Knight. Continue reading →