Tag Archives: Markets & Economy

Pending-home sales increase following 2 months of declines: NAR

By Lillian Dickerson | April 29, 2021 - 2:49 pm |April 29, 2021 Uncategorized

Comments Off on Pending-home sales increase following 2 months of declines: NAR

The pending home sales index rose from the previous month in every U.S. region but the Midwest, while all regions saw gains year over year. Continue reading →

Mortgage rates hold steady below 3%

By Kelsey Ramírez | April 29, 2021 - 2:07 pm |April 29, 2021 Uncategorized

Comments Off on Mortgage rates hold steady below 3%

The 30-year fixed-rate mortgage averaged 2.98 percent, up slightly from last week’s 2.97 percent, according to Freddie Mac’s Primary Mortgage Market Survey. Continue reading →

Equity gains for Black owners are progress, but more work is needed

By Tai Pherribo Christensen | April 29, 2021 - 9:00 am |April 29, 2021 Uncategorized

Comments Off on Equity gains for Black owners are progress, but more work is needed

The home equity gains made by Black homeowners in recent years are worth celebrating, but there’s a long way to go. Here are a few ways the industry can help. Continue reading →

Fed maintains commitment to not raising interest rates

By Matt Carter | April 28, 2021 - 8:06 pm |April 28, 2021 Uncategorized

Comments Off on Fed maintains commitment to not raising interest rates

The Federal Reserve restated its intent to keeping a lid on interest rates, saying the pandemic “continues to weigh on the economy, and risks to the economic outlook remain.” Continue reading →

Love that pre-war architectural charm? Head to the East Coast

By Lillian Dickerson | April 28, 2021 - 7:14 pm |April 28, 2021 Uncategorized

Comments Off on Love that pre-war architectural charm? Head to the East Coast

Buyers can get pretty opinionated when it comes to a home’s age and architectural style. Here’s a breakdown of where the country’s oldest and newest homes are located, and everything in between. Continue reading →

Housing market slows despite record low interest rates

By Kelsey Ramírez | April 28, 2021 - 3:56 pm |April 28, 2021 Uncategorized

Comments Off on Housing market slows despite record low interest rates

The housing market continued to slow this week even as interest rates remain below 3 percent. MBA Economist Joel Kan explains why. Continue reading →

Costar revenue jumps 17% with help from new addition Homesnap

By Jim Dalrymple II | April 27, 2021 - 8:41 pm |April 27, 2021 Uncategorized

Comments Off on Costar revenue jumps 17% with help from new addition Homesnap

The company raked in $458 million during the first quarter of the year. It also said that Homesnap, which is bought in 2020, performed well. Continue reading →

Housing market insanity leaves homeownership rate unchanged

By Kelsey Ramírez | April 27, 2021 - 6:57 pm |April 27, 2021 Uncategorized

Comments Off on Housing market insanity leaves homeownership rate unchanged

The U.S. homeownership rate remained statistically unchanged in the first quarter of 2021, despite the recent increase in housing market activity. Continue reading →

Home prices surge to new high — but is it sustainable?

By Kelsey Ramírez | April 27, 2021 - 3:50 pm |April 27, 2021 Uncategorized

Comments Off on Home prices surge to new high — but is it sustainable?

Home prices continue to surge, hitting double digit increases for the third consecutive month, according to the latest Case-Shiller report. Continue reading →

Home price growth sets record high

By Veronika Bondarenko | April 27, 2021 - 2:28 pm |April 27, 2021 Uncategorized

Comments Off on Home price growth sets record high

The 12.2% gain represents an increase of $35K for a median-priced home that sold a year ago at $290K, according to data released Tuesday by the Federal Housing Finance Agency. Continue reading →