Tag Archives: home prices

Purchase loan demand perks up as mortgage rates plateau

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MBA forecaster Joel Kan sees the uptick in loan requests as a “potentially a good sign for the spring home buying season, which has seen a slow start thus far.” Continue reading →

Pending home sales keep falling as market conditions ‘normalize’: NAR

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Pending home sales dipped for the fifth-straight month in March, with the Pending Home Sales Index dropping 1.2 percent from February to 103.7, according to the National Association of Realtors. Continue reading →

Is the pandemic over, or isn’t it?

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Is the pandemic over? Teresa Boardman explores her feelings about masks, the economy, in-person meetings and the lasting heartache around COVID-19. Continue reading →

New home sales hit 4-month low

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New home sales took an 8.6 percent hit in March as rising home prices and mortgage rates made homebuyers think twice before purchasing a new home, according to data released Tuesday from the U.S. Census Bureau Continue reading →

Zillow changes tune on 2023 home values and sales. Here’s why

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Zillow now expects home value growth to reach 14.9% through March 2023, down from its previous estimate of 16.5% growth. What’s with the downgrade? Continue reading →

‘Modest recession’ eyed in 2023, Fannie Mae economists predict

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Home sales now expected to decline by 7.4 percent this year and 9.7 percent in 2023, a dramatic adjustment from March, when Fannie Mae forecast a 4.1 percent decrease in home sales this year and 2.7 percent in 2023. Continue reading →

Despite March’s home sale slump, prices grow at fastest clip since 2013

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Nearly 4 percent fewer homes sold in March than did the month before, after accounting for seasonal factors. Prices rose by 6 percent, the largest monthly price increase since 2013. Continue reading →

Divyy Homes CEO: Rising home prices and rates are business drivers

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“Our goal is not necessarily to expand a ton into new markets,” Divvy CEO Adena Hefets told Inman ahead of Inman Connect New York next week, following company’s latest $200 million round. Continue reading →

Would-be homebuyers rushed to lock in mortgage rates in March

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Despite the fastest one-month rise in mortgage rates in nearly 13 years, purchase lock volume climbed 31 percent from February. Continue reading →

Homebuyer sentiment hits record low

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Only 24 percent of consumers think now is a good time to buy a home — the lowest reading ever recorded in a monthly survey conducted by Fannie Mae since 2010. Continue reading →