June 15, 2022
“Prices have fallen by about 5% to 10% compared to a year earlier in some areas, according to David L. Steinbach, with Europe following a trajectory set in the US. “I think we’re in for a rough few months,” he… Continue Reading…
June 15, 2022
“The Federal Reserve’s missteps in waiting too long to tackle the greatest run-up in prices in four decades has shaken trust across markets and the American public that it is up to the task of curbing inflation. On the eve… Continue Reading…
June 15, 2022
“Mortgage rates jumped sharply this week, as fears of a potentially more aggressive rate hike from the Federal Reserve upset financial markets. The average rate on the popular 30-year fixed mortgage rose 10 basis points to 6.28% Tuesday, according to Mortgage News Daily. That… Continue Reading…
June 14, 2022
“…Prices have fallen by about 5% to 10% compared to a year earlier in some areas, according to David L. Steinbach, with Europe following a trajectory set in the US. “I think we’re in for a rough few months,” he… Continue Reading…
May 2, 2022
“When we were reading through real estate data this month, three stats caught our eye. The first: That the number of active foreclosures (this is when the foreclosure process has begun on a seriously delinquent loan, but it has yet… Continue Reading…
April 6, 2022
“…Total mortgage application volume fell another 6% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was down 41% from the same week one year ago. The average contract interest rate for… Continue Reading…
April 5, 2022
“EDITOR’S NOTE: “Existing” homes for sale may be in short supply but, in contrast, “new” homes for sale are booming. Builders are ramping up production on new homes despite continuing labor shortages and supply issues. In fact, new homes are… Continue Reading…
February 23, 2022
“Climbing mortgage rates are hitting both potential homebuyers and refinance candidates. Total mortgage applications decreased 13.1% last week to the lowest level since December 2019, according to the Mortgage Bankers Association. Applications to refinance dropped 15% weekly and were 56%… Continue Reading…
February 18, 2022
“Sales of previously owned homes in January rose 6.7% from December to a seasonally adjusted annualized rate of 6.5 million units, according to the National Association of Realtors. That exceeded Wall Street expectations significantly. Sales were 2.3% lower compared with… Continue Reading…
February 7, 2022
“…A monthly survey from Fannie Mae showed home purchase sentiment in January fell to its lowest level since May 2020, at the start of the pandemic. Weaker affordability is clearly the problem. Just one quarter of respondents said now… Continue Reading…
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