Tag Archives: home sales

Homebuyers are now paying $400 less per month than in October

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After rates fell from October highs, homebuyers with a new mortgage are paying about $400 less each month. Still, there’s no buying spree — yet. Continue reading →

49% of agents sold either 1 home or none at all in the past year: CFA

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Agent “glut” means part-timers are now the majority, leading to “widespread incompetence and pressure to maintain high commission rates,” according to the Consumer Federation of America. 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 →

Economists agree rates have peaked. But will they come down?

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Two closely watched forecasts agree that mortgage rates have probably peaked, but diverge sharply on how quickly they’ll come down over the next two years. 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 →

Impact of ‘lock-in effect’ on listings may have been overstated

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Fannie Mae researchers say rising mortgage rates aren’t the only reason homeowners have been reluctant to sell, and rates coming back down won’t necessarily produce a flood of for-sale listings. Continue reading →

Existing-home sales droop as mortgage rates hit 20-year highs

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Home sales fell 2 percent between August and September and retreated 15.4 percent from a year ago as prices and interest rates climbed. Continue reading →

Buyers continue downward spiral, but new listings may be steadying

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Homebuyers are backing away from the market as mortgage rates continue to climb. But new listings aren’t declining as quickly, Redfin reports. Continue reading →