Tag Archives: Markets & Economy

Are sellers getting greedy? Asking prices surge to new record

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The median asking price of newly listed homes for sale surged 12 percent year over year to a record high of $361,250, according to a new Redfin report. Continue reading →

Rising prices scaring clients? Here’s what the stats really mean

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Are rising housing prices a bad thing? Consumers think so. It’s critical real estate agents agents understand and can explain what that means for clients, the industry and the economy. Continue reading →

Pending home sales beat projections following 2 months of declines: NAR

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Pending home sales finally saw some positive growth in August, following two consecutive months of declines in June and July, the National Association of Realtors reported. Continue reading →

Demand for mortgages cools as rates bounce back to July levels

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An uptick in mortgage rates following last week’s Federal Reserve meeting cooled demand for both purchase mortgages and refinancing, particularly for government-backed FHA, VA and USDA loans. Continue reading →

Consumers reflect shifting market: Here’s what you should know

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Windermere Chief Economist Matthew Gardner dives into how consumers feel about the market based on Fannie Mae’s latest Home Purchase Sentiment Index survey. The incremental shifts across the results indicate that consumers are feeling the market cool. Continue reading →

Sustained surge in mortgage rates could dent home sales

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In addition to worries about the potential impact of Fed tapering, there’s also uncertainty about the approaching U.S. debt ceiling and the future leadership of the Fed. Continue reading →

US home price growth tallies biggest gain in a generation

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U.S. home price growth soared 19.7 percent in July, extending an unprecedented 14-month streak of unfettered increases. Continue reading →

Home prices continued to see record gains in July: FHFA

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U.S. home prices rose 1.4 percent between June and July 2021, and 19.2 percent year over year, according to a price index released Tuesday by the Federal Housing Finance Agency. Continue reading →

Short-term rental demand is looking strong for fall, winter

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A number of short-term rental markets saw a slowdown in August due to families going back to school, the Delta variant and a number of natural disasters across the country, but those factors aren’t impacting fall and winter bookings in the least. Continue reading →

Housing industry ‘will not be spared’ by climate change: MBA

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Extreme weather could strain flood insurance to breaking point, undermine home prices, and drive mortgage defaults, according to the Mortgage Bankers Association. Continue reading →