January 7, 2023, 2:33 am By Logan Mohtashami
Can we have a soft landing in the economy? Friday’s job report shows there is a clear pathway to get there. Mortgage rates fell aggressively down to 6.20%, putting us at more than 1% below the highs of 2022 ...
December 19, 2022, 10:58 am By Brooklee Han
Homebuilder sentiment dropped yet again in December, hitting its lowest reading since mid-2012, with the exception of the onset of the COVID-19 pandemic in the spring of 2020. This drop marks one full year of declines in builder confidence, according to the ...
December 7, 2022, 4:57 pm By Logan Mohtashami
Since the weaker CPI data was released in November, bond yields and mortgage rates have been heading lower. The question then was: What would lower mortgage rates do to this data? Now, with five weeks of data in front ...
December 8, 2022, 2:12 pm By Flávia Furlan Nunes
Mortgage rates continued the downward trend this week amid signs that the U.S. economy is cooling down due to the tightening monetary policy. The recent declines, however, have not been enough to convince borrowers to take out ...
December 16, 2022, 10:00 am By Jessica Lautz
The last year has been a completely split housing market — one that started with the lowest inventory NAR has recorded dating back to 1999 and one with low mortgage rates. In the first few months of ...
November 10, 2022, 3:28 pm By Tracey Velt
If we don’t learn from history, we are doomed to repeat it.
From 1998 to 2006, according to Freddie Mac, the median annual mortgage rate was 6.45%. At the same time, the median, annual average of existing home sales ...
Nov 7, 2022
Since home prices shot into the stratosphere, many first-time buyers have prayed for them to fall so that they could afford to become homeowners. Their wishes appear to have been granted—and yet, they’re caught in a paradox: Even as prices have begun to dip ...
Sales are already historically low, back to 1996 levels when rates were near 8%
October 26, 2022, 4:26 pm By Logan Mohtashami
September new home sales beat expectations, but don’t get too excited. While monthly supply rose in this report, the previous reports were all revised lower and sale levels ...
Nicole Daniels had been living with her father in Berlin and taking care of him when he ...
About 60,000 home-purchase agreements were canceled in June 2022, or about 14.9% of all homes that went under contract throughout the month, according to a new report from Redfin.
About 60,000 home-purchase agreements were canceled in June 2022, or about ...