Tag Archives: home prices

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 →

How long can home prices hold out? Here’s how I see it

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When will rising interest rates, low inventory and diminishing buyer hopes translate into falling home prices? Windermere Chief Economist Matthew Gardner crunches the numbers and looks at the possibilities of a correction. Continue reading →

Home values surge to new record as median prices climb to $350K

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The median U.S. home price rose to $350,000 in the third quarter, 2 percent higher than the previous record set a quarter earlier, according to new data released Thursday by Attom. Continue reading →

Homes are no longer affordable for the average American, report says

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Home prices could be reaching a breaking point, new report says, as housing affordability drops to lowest level since 2007. The median price of homes and condos is a record $351,250. Continue reading →

Serious mortgage delinquencies poised to bounce from 17-year low

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Early-stage delinquencies have increased for three months in a row, suggesting that delinquency rates may be nearing a bottom, according to first look at Black Knight Mortgage Monitor report. Continue reading →