Tag Archives: Markets & Economy

Home sales predicted to close out 2021 with surprising strength

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Fannie Mae economists now expect that when the final numbers are in, sales of new and existing homes will grow by 4.7 percent to 6.8 million. Continue reading →

As list prices continue to soar, not all homebuyers are willing to play ball

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Homesellers have been pushing list prices to new heights, but a report released Thursday by OJO Labs indicates buyers aren’t as eager to shell out for the pricier pads. Continue reading →

Mortgage rate projected to top 4% in 2022 as Fed tapering plan nears

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The Fed could begin tapering as soon as November, adding momentum to market forces that have been pushing mortgage rates up in recent weeks. Continue reading →

‘OK Boomer’: Older homebuyers make gains as millennials struggle

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Baby boomers made gains over first-time homebuyers in the decade before the pandemic, growing to 24 percent of recent home purchases in 2019, according to a new analysis from Zillow. Continue reading →

Mortgage rates continue their ascent onward into mid-October

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Rates creeped upward once again across all major mortgage types, part of a rise from their all-time lows earlier this year, according to Freddie Mac’s weekly lender survey. Continue reading →

Foreclosures remain low as banks start to churn out post-ban filings

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The number of foreclosed properties rose 34 percent in the third quarter of the year, but remained below their typical historical levels. Continue reading →

Mortgage rates for home loans hit highest levels since June

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Purchase loan applications rose 2 percent week over week, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey, released Wednesday. Continue reading →

Housing affordability improves for second consecutive month

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Despite market headwinds, housing affordability improved for the second consecutive month, according to the National Association of Realtors’ August Housing Affordability Index. Affordability improved on a national and regional basis, with the greatest… Continue reading →

As Tesla sets its sights on Austin, listing agents near plant shift gears

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With news of Tesla bringing its headquarters to Austin and a factory nearing its opening, agents are advising sellers nearby to think big. Continue reading →

Mortgage delinquency rates approach pre-pandemic levels

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Total delinquency rates dropped 4.2 percent in July, 2.3 percentage points lower than the 6.5 percent observed in July 2020, according to new data released Tuesday by CoreLogic. Continue reading →