July 27, 2020
“…This summer is one of the best times for home buyers and worst for many renters. Americans with money in the bank are buying bigger homes, while renters increasingly worry about eviction. Nearly 15 million homes sold nationwide in April,… Continue Reading…
July 17, 2020
“Construction of U.S. homes jumped 17.3% in June as some states reopened… The Commerce Department reported Friday that new homes were started at a seasonally adjusted annual rate of 1,186,000 in June after a modest recovery in May followed steep… Continue Reading…
June 1, 2020
“Rates Are Low Mortgage rates are at their lowest level in nearly 50 years. According to lender Freddie Mac, which began tracking the data in the early 1970s, the average rate on a 30-year mortgage is down to 3.24%, well… Continue Reading…
March 9, 2020
“According to Freddie Mac, mortgage rates hit a record 3.29% in the week, the lowest level in its nearly 50-year history. While rates were on the slide, mortgage applications jumped by 10% in the last week from 1-year ago, with… Continue Reading…
December 4, 2019
“The National Association of Realtors said Wednesday that its pending home sales index, which measures the number of purchase contracts signed, fell 1.7% last month. The signed contracts become final purchases 1-2 months later. Still, declining mortgage rates over time have lifted… Continue Reading…
November 4, 2019
“Apple on Monday announced a $2.5 billion plan to help address the housing crisis in California, becoming the latest tech giant in the state to address a problem that it helped cause… Apple joins other Big Tech companies based in… Continue Reading…
October 17, 2019
“Housing inventory hit a record low about two years ago, but a lull in home sales over the past year helped build back much-needed supply, especially in the mid-priced range. Then a sharp drop in rates this summer brought demand… Continue Reading…
October 4, 2019
“The Manhattan real estate market stumbled in the third quarter of 2019, new reports show, as prices plunged and fewer buyers were willing to purchase higher-priced properties in the wake of two recent tax increases. The median sales price for properties… Continue Reading…
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