After a week in which the average 30-year fixed-rate mortgage rate fell below 6 percent for the first time in more than three years, rates reversed, hitting 6.15 percent on Tuesday in response to overseas conflict. Continue reading
Much like the American people today, the economy is starkly divided — and it’s impacting the real estate market. Here’s how. Continue reading
Median monthly homeownership costs have risen 26 percent from 2019, according to the U.S. Census Bureau’s latest American Community Survey data. released on Thursday. Continue reading
Despite ample inventory and more affordable prices, seasonally adjusted new residential sales dropped 6.6 percent annually. Experts attributed the drop to mortgage rates as the primary cause. Continue reading
A social media frenzy suggested government layoffs are tanking the housing market in the nation’s capital. But economists armed with data tell Inman it’s mostly business as usual in D.C. Continue reading
High mortgage rates, slowing homebuyer activity and weakening homebuilder sentiments created the perfect storm in June, keeping new residential construction from posting annual gains. Continue reading
Rates on a 30-year mortgage dropped from 5.25 percent to 5.10 percent on Thursday, the most dramatic drop in rates since April 2020, according to Freddie Mac. Continue reading