Today: September 16, 2024
Today: September 16, 2024

Housing Market

Economy|News

US goods trade deficit shrinks; new home sales extend decline

The U.S. trade deficit in goods narrowed in June for the first time this year amid a broad rebound in exports, but that probably was insufficient to prevent

US goods trade deficit shrinks; new home sales extend decline
Economy|Finance

US 30-year fixed-rate mortgage edges up to 6.78%, Freddie Mac says

The average rate on the popular U.S. 30-year fixed-rate mortgage edged up to 6.78% for the week ending July 25, leaving it about half a percentage point below

US 30-year fixed-rate mortgage edges up to 6.78%, Freddie Mac says
Business|Economy

A $1 million starter home is now the norm in more than 200 US cities

A $1 million starter home is now the norm in more than 200 US cities

A $1 million starter home is now the norm in more than 200 US cities
Economy|News

Home sales fell again in August as homebuyers grapple with rising mortgage rates and prices

Sales of previously occupied U.S. homes fell for the third month in a row in August, as higher mortgage rates, rising prices and a dearth of properties on the market shut out many would-be homebuyers

Home sales fell again in August as homebuyers grapple with rising mortgage rates and prices
Economy

U.S. pending home sales fall more than expected in August

Contracts to buy U.S. existing homes fell more than expected in August, tumbling by the most in nearly a year as high mortgage rates erode affordability, according

U.S. pending home sales fall more than expected in August
Business|Economy|News

Where are the homes? Glaring need for housing construction underlined by Century 21 CEO

The highest mortgage rates in more than two decades are keeping many prospective homebuyers out of the market and discouraging homeowners who locked in ultra-low rates from listing their home for sale

Where are the homes? Glaring need for housing construction underlined by Century 21 CEO
Business

Mortgage rates reach highest since November 2000 - MBA

U.S. mortgage interest rates rose to the highest since November 2000 last week, helping to drive home loan application volumes to the lowest in 27 years, a report

Mortgage rates reach highest since November 2000 - MBA
Business|News

The average long-term US mortgage rate surges to 7.49%, its highest level since December 2000

The cost of financing a home surged again this week as the average long-term U.S. mortgage rate climbed to its highest level since December 2000, further dimming the affordability outlook for many would-be homebuyers

The average long-term US mortgage rate surges to 7.49%, its highest level since December 2000
Business

U.S. mortgage application flow plunges to lowest since 1995

The volume of U.S. mortgage applications plummeted to the lowest in nearly three decades last week as the

U.S. mortgage application flow plunges to lowest since 1995
Business

Home sales fell again in September as surging mortgage rates, rising prices discouraged homebuyers

Sales of previously occupied U.S. homes fell for the fourth month in a row in September, held back by surging mortgage rates and a thin supply of properties on the market

Home sales fell again in September as surging mortgage rates, rising prices discouraged homebuyers
Economy

US existing home sales drop to 13-year low in September

U.S. existing home sales dropped to a 13-year low in September as surging mortgage rates and tight supply combined to reduce affordability for many first-time buyers.

US existing home sales drop to 13-year low in September
Business

PulteGroup beats profit estimates on strong demand for pricier homes

PulteGroup beat Wall Street expectations for third-quarter profit on Tuesday, as even at higher prices the demand for new constructions remained strong due to an acute shortage of existing

PulteGroup beats profit estimates on strong demand for pricier homes
Business

Invitation Homes trims annual core FFO forecast

Single-family rental giant Invitation Homes Inc on Wednesday trimmed its full-year core funds from operations (FFO) forecast, amid growing weakness in the real-estate sector due to higher

Invitation Homes trims annual core FFO forecast
Business

US annual home price growth accelerates in August, FHFA says

U.S. annual home price growth accelerated for a third straight month in August, underscoring the recovery of the housing market after a period of softening, data showed on Tuesday.

US annual home price growth accelerates in August, FHFA says
Business|Economy|News

Real estate industry facing pushback to longstanding rules setting agent commissions on home sales

A series of court challenges seek to upend longstanding real estate industry practices that determine the commissions agents receive on the sale of a home — and who foots the bill

Real estate industry facing pushback to longstanding rules setting agent commissions on home sales
Business|News

The average long-term US mortgage rate slips to 7.76% in first drop after climbing 7 weeks in a row

The average rate on the benchmark 30-year home loan fell slightly this week, ending a seven-week climb —- modest relief for prospective homebuyers grappling with an increasingly unaffordable housing market

The average long-term US mortgage rate slips to 7.76% in first drop after climbing 7 weeks in a row
Business|Economy

Bypassing mortgage rates: Share of US homes bought with cash hits highest level in nearly a decade

Homebuyers who can afford to bypass the highest mortgage rates in two decades are increasingly forgoing financing and paying all cash

Bypassing mortgage rates: Share of US homes bought with cash hits highest level in nearly a decade
Economy

Fed's Goolsbee expects easing shelter inflation to seal path to 2%

Chicago Federal Reserve Bank President Austan Goolsbee on Friday said the U.S. central bank will "do what it takes" to bring inflation down to the Fed's 2% goal, but that inflation looks

Fed's Goolsbee expects easing shelter inflation to seal path to 2%
Business

Canada tax rule curbs Airbnb deductions to ease rental shortage

Canada introduced tax measures on Tuesday to ease a severe rental housing shortage by limiting income tax deductions on short-term rentals on services such as Airbnb Inc and VRBO,

Canada tax rule curbs Airbnb deductions to ease rental shortage
Economy

US consumer confidence rebounds, house prices maintain upward trend

U.S. consumer confidence rose in November after three straight monthly declines, with Americans planning big-ticket purchases like motor vehicles and houses

US consumer confidence rebounds, house prices maintain upward trend
Economy

Short supply of homes to push global property prices higher at slower pace: Reuters poll

Global property prices in most major markets will rise over the next two years, albeit at a slightly slower pace than predicted three months ago as strong demand

Short supply of homes to push global property prices higher at slower pace: Reuters poll
Business|News

5-month skid in home sales snapped in November as easing mortgage rates give buyers breathing room

Sales of previously occupied U.S. homes rose in November, ending a five-month skid, as easing mortgage rates encouraged homebuyers

5-month skid in home sales snapped in November as easing mortgage rates give buyers breathing room
Business|Economy|News

Homebuilders step up construction of single-family homes as 30-year mortgage rate eases below 7%

Homebuilders are stepping up construction of single-family homes following a steady decline in mortgage rates and broad expectation among economists that home loan borrowing costs will ease further next year

Homebuilders step up construction of single-family homes as 30-year mortgage rate eases below 7%
Business

Contracts to buy existing homes stay flat as mortgage payments soften - NAR

Pending U.S. home sales remained unchanged in November, data released Thursday showed, signaling traffic from prospective buyers is slow to recover despite

Contracts to buy existing homes stay flat as mortgage payments soften - NAR
Economy

Mortgage rates slide to lowest since May - Freddie Mac

The interest rate on the most common type of U.S. home loan fell for a ninth straight week this week to close out the year at their lowest level since May, according to data released

Mortgage rates slide to lowest since May - Freddie Mac

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