Tag Archives: Markets & Economy

Would-be homebuyers rushed to lock in mortgage rates in March

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Despite the fastest one-month rise in mortgage rates in nearly 13 years, purchase lock volume climbed 31 percent from February. Continue reading →

Residential construction spending rises for fifth-consecutive month

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The steady increase has occurred despite widespread supply shortages, tight labor markets, rising inflation and the volatile cost of wood, according to National Association of Home Builders. Continue reading →

Affordability, debt biggest obstacles to homeownership, renters lament

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Thirty-two percent of renters surveyed in a poll conducted by Redfin say they rent because they can’t afford to buy a home, while 45 percent said debt was the main factor keeping them from homeownership. Continue reading →

7 ways to thrive (not just survive) in a shifting market

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No matter what the market does, there are always agents who have growing businesses. Jimmy Burgess shares seven steps you can take in this shifting market to ensure that you thrive. Continue reading →

Homebuyer sentiment hits record low

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Only 24 percent of consumers think now is a good time to buy a home — the lowest reading ever recorded in a monthly survey conducted by Fannie Mae since 2010. Continue reading →

Mortgage rates surge to 5% as era of the ultra-cheap loan begins to fade

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After hovering near 3 percent for nearly two years, mortgage rates have rebounded faster than expected. But amid uncertainty, economists are divided on whether 5 percent rates are here to stay. Continue reading →

‘New York market remains a juggernaut’ in Q1, condo sales thrive

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Quarterly market reports released this week from several area brokerages revealed a luxury market in high demand, with climbing prices and little inventory. Continue reading →

Rising mortgage rates most difficult for first-time homebuyers: MBA

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As rates surged last week, demand for FHA purchase loans dropped by nearly 8 percent, according to a weekly lender survey by the Mortgage Bankers Association released Wednesday. Continue reading →

Millennials ditching starter homes will lead summer inventory boost

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In Realtor.com’s latest housing report published on Wednesday, the portal said 64 percent of prospective homesellers plan to list their home by October. Older millennials are primed to lead the charge as they ditch starter homes for bigger abodes. Continue reading →

Home price growth ‘reaccelerates’ to set new February record

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February’s 19.6 percent annual home price appreciation, together with sharp rise in mortgage rates, produced the tightest affordability in 15 years, according to new data from Black Knight. Continue reading →