Slowdown in home prices broke record in June: research firm
This post was originally published on this siteAnnual home price growth dropped by nearly two percentage points in June, the largest single-month slowdown on record, according to new research. Black Knight, a real estate software and analytics company that has been tracking the metric since the early 1970s, found that...
As housing cools, some buyers get a second chance to grab their first choice
This post was originally published on this siteWith the once-scorching U.S. housing market now lukewarm, some buyers have another crack at getting that home they wanted all along.
Mortgage applications fall for second straight week
This post was originally published on this siteMortgage applications sank for the second consecutive week even as rates dipped slightly amid fears of a looming recession. Total mortgage demand fell 5.4 percent from the previous week, according to data from the Mortgage Bankers Association that covered applications for the week...
Housing market slowdown takes hold as mortgage rates dig in
This post was originally published on this siteTOWN SQUARE | Slowing demand means that some sellers decided to lower their sales price to get an offer or during negotiations, according to Redfin.
Mortgage rates, home prices expected to stabilize, forecast says
This post was originally published on this siteTOWN SQUARE | Realtor.com revised its 2022 housing forecast and said listings are expected to grow 15 percent this year compared with 2021.
Florida Democrats sense opportunity against DeSantis over soaring housing costs
This post was originally published on this siteDemocrats in Florida, struggling to energize liberals while bleeding support among Latinos, have settled on a message to galvanize voters heading into the midterm elections: It’s too expensive here.
More homes coming on the market for sale, report finds
This post was originally published on this siteTOWN SQUARE | But even with the uptick in inventory, buyers have just two homes to consider for every five homes that were available before the pandemic, according to Realtor.com’s analysis.
Fixed mortgage rates move lower for the second week in a row
This post was originally published on this siteThe 30-year fixed-rate average dropped to its lowest level in five weeks, falling to 5.1 percent.
Biden administration unveils action plan to boost affordable housing
This post was originally published on this siteThe Biden administration is announcing an action plan Monday aimed at boosting the supply of affordable housing amid high inflation.
Rising rates will cool the housing market. But a crash is unlikely.
This post was originally published on this siteHome sale prices are up 40 percent since the start of the pandemic. But with mortgage rates increasing, the days of such rapid price growth are almost certainly over.
