Housing market challenges aren’t over yet, Barbara Corcoran warns

Mortgage rates have inched downward, with the 30-year fixed rate falling down “by a fraction of a point to 6.96 percent,” Corcoran said, representing the lowest rate in six weeks. The 15-fixed loan rate was 6.21 percent as of Thursday. However, Corcora… Continue reading

Luxury sales surge near Mar-a-Lago as Trump settles into 2nd term

Luxury home sales have taken off since Donald Trump’s re-election, and Palm Beach, Florida, home to his Mar-a-Lago resort, is at the center of the boom, Mansion Global reported Thursday. Continue reading

Homebuyers remain sidelined despite more listing options

Even with an uptick in new listings, homebuyers aren’t rushing into the market. Instead, demand has dipped, leaving a growing supply of homes sitting as buyers remain hesitant about their next move, according to Redfin’s latest data analysis. Over the … Continue reading

Inventories on track to normalize in 40% of US markets this year

After growing by 22 percent last year, inventory is “a bright spot for a market that’s been dealing with deep deficits in recent years,” according to ICE Mortgage Monitor report for February. Continue reading

Housing inventory hits post-2020 high as unsold homes linger

In November, active listings rose 0.5 percent month over month and 12.1 percent year over year, according to Redfin’s analysis. Continue reading

US housing turnover rate hits 30-year low as lock-in effect lingers

In the first eight months of 2024, only 25 out of every 1,000 U.S. homes changed ownership, marking the lowest housing turnover rate since 1994, according to an analysis by Redfin released Monday. Continue reading

Typical monthly mortgage plunges from all-time high recorded in April

The latest adjustment marks the lowest a typical payment has been in six months — and, with a mere 1 percent month-over-month increase, the smallest uptick in five years, according to a Redfin analysis. Continue reading

Housing inventory growth doesn’t guarantee greater affordability

In June, five of the top U.S. markets showed some improvement in housing affordability and supply year-over-year, according to First American’s Real House Price Index, while some markets with improved inventory still struggled with rising costs. Continue reading

Compass CEO: Pandemic craze will return once mortgage rates hit 5%

Compass CEO Robert Reffkin revealed on CNBC how volatile mortgage rates are sidelining homesellers and why a boost in existing-home inventory could happen as early as December. Continue reading

Housing is outperforming, but recession may still be in the cards

Fannie Mae economists say “extraordinarily tight” inventories of existing homes driven by mortgage lock-in effect has shifted demand toward new homes. Continue reading