With a Fed meeting looming next week, rates on 30-year fixed-rate mortgages have surged well past the 7 percent threshold, a Mortgage Bankers Association survey released Wednesday shows. Continue reading
Social media users claim short-term rental bookings are collapsing. But the data tells another story. Inman reached out to Airbnb and to some experts who follow the short-term rental space. Continue reading
Amid a persistent uptick in interest rates, lingering inflation and economic uncertainty, luxury homebuyers are changing habits ever so slightly. Coldwell Banker notes six big trends to watch. Continue reading
Several Fed policymakers have hinted that they’d be open to a smaller increase in short-term rates in December if there are signs that inflation is starting to ease. Continue reading
The government’s estimate of the cost of owning a primary residence rose 0.8 percent in September and was up 6.7 percent compared to a year ago, which is the largest 12-month increase in the category’s history. Continue reading
Economists at Fannie Mae project national home prices to decline by 1.5 percent and home sales by 21 percent in 2023 as Fed continues inflation fight. Continue reading
A rate index published by Mortgage News Daily shows rates on 30-year fixed mortgages averaging 7.14 percent on Tuesday. Continue reading
What combination of market and economic forces is keeping you awake at night? Let us know in this week’s survey. Continue reading
Coldwell Banker Warburg President Frederick Warburg Peters coined the term to describe a phenomenon where one home trades hands briskly while a similar property nearby languishes. Continue reading
After hitting 2022 highs last week, a weak hiring report released Tuesday has been helping to bring mortgage rates back down. Continue reading