Tag Archives: mortgage rates

After 3 months of improvement, homebuyer sentiment declines

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Fannie Mae’s National Housing Survey shows Americans are feeling less secure about keeping their jobs, and nearly 8 in 10 think it’s a bad time to buy a home. Continue reading →

Pandemic-fueled ‘lock-in effect’ likely to limit new spring listings

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Black Knight data shows new listing volume is down 25 percent in January compared to pre-pandemic levels, the biggest drop since most of the country was in lockdown. Continue reading →

There are 1.25 million fewer million-dollar homes in America in 2023

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The share of $1 million homes in the U.S. dropped from a high of 8.6 percent in June 2022 to approximately 7 percent in January, due in part to higher mortgage rates that have cut into homebuyer purchasing power. Continue reading →

As locals balk, foreign buyers take renewed look at US homes

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Real estate firms that work with foreign buyers have seen an uptick in business from outside the U.S., “The Wall Street Journal” reports. Continue reading →

BHHS CEO Christy Budnick is ready to dive into the spring market

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As “motivator and chief encourager” of Berkshire Hathaway HomeServices, Budnick said she’s bullish about the upcoming year. Agents who get down to business will thrive, she added. Continue reading →

Total market value for US homes drops $2.3T from June: Redfin

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In its latest real estate market report on Wednesday, Redfin said the total market value for U.S. homes dropped $2.3 trillion from June to December 2022 — the largest six-month drop since the Great Recession. Continue reading →

Homebuyer demand cools to lowest level since 1995 as rates rebound

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An MBA survey shows demand for purchase loans is down 18 percent week over week and 41 percent from a year ago as mortgage rates rise for the second week in a row. Continue reading →

‘Modest’ recession could put a lid on 2023 home sales: Fannie Mae

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Economic downturn could put a damper on a promising start to the spring homebuying season, but set the stage for mortgage rates to ease and for home sales to rebound in 2024. Continue reading →

Inside Zillow’s far-reaching bid to jolt its mortgage business

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Even after ending its iBuyer program, Zillow remains bullish on mortgage. But first it has to totally reimagine its website, analysts and executives tell Intel. What could possibly go wrong? Continue reading →