Most homebuyers forking out big bucks to buy down mortgage rate

While mortgage rates have eased and home prices have fallen in many markets, affordability “still has a stranglehold on much of the market,” according to research released Monday by Black Knight. Continue reading

Mortgage rates may ease as modest Fed rate hike could be its last

Fed Chair Jerome Powell is telegraphing one more small adjustment in March, but some bond market investors think the rate hike campaign may now be over. Continue reading

2023 may sink some agents — and that may not be a bad thing

Economic downturns have historically shrunk the number of practicing Realtors. But those who stick around can end up doing even more deals, economists told Inman Intel. Continue reading

Pending home sales trend up for first time since last spring

In a positive sign for the real estate industry — and the spring homebuying season — pending home sales rose in December for the first time since May 2022, increasing 2.5 percent from November. Continue reading

Homebuyer demand for mortgages up for second week in a row

Purchase loan requests rise 3 percent week over week as mortgage rates ease but remain down 39 percent from the same time a year ago. Continue reading

The Agency 2022 Red Paper: A softening, but still strong market

“The key takeaway is this,” CEO Mauricio Umansky said of this year’s report. “Housing remains a primary investment for the world’s most affluent citizens and a safe hedge against inflation.” Continue reading

Homebuyer loan requests jump 25% as mortgage rates continue to fall

After two months of declines, mortgage rates are now at their lowest level since September with potential to spur spring homebuying, according to MBA economist Mike Fratantoni. Continue reading

Agree to disagree: 11 real estate leaders dust off crystal ball for 2023

The market isn’t done falling but could soon stabilize, according to a survey of real estate executives and economists conducted by Point. Continue reading