After rocky November, rates for 30-year mortgages stabilize above 3%
The average rate for a 30-year mortgage has been climbing in recent months and now rests 17 percent higher than its all-time low in January, according to Freddie Mac’s latest lender survey
by Daniel Houston Dec 2
Drop in demand for mortgage refinancing hints at what's to come
Applications to refinance fell 41% from a year ago as rates increased for the third week in a row, according to The Mortgage Bankers Association’s Weekly Mortgage Applications Survey
by Matt Carter Dec 1
Next year to be a 'mixed bag' for real estate: realtor.com report
Recent inventory shortages may ease somewhat in 2022, but demand will probably still exceed supply and affordability will be challenging
by Jim Dalrymple II Dec 1
Fed still considering faster tapering of support for mortgages
Fed chair Jerome Powell says economy is 'very strong' and inflation now looks like more than a transitory issue
by Matt Carter Nov 30
four colorful house roofs
Opinion
Many have pointed to the failure of Zillow Offers as proof that the Zestimate is inaccurate, but the company’s struggles actually reinforce the critical role that quality automated valuation technology plays in the iBuying process
by Jeremy Sicklick Nov 30
Record increase in Fannie, Freddie loan limits fuels debate
An 18% increase in conforming loan limit, to $647,200, is the biggest leap in records dating to 1970
by Matt Carter Nov 30
Zillow Offers' demise 'attributable to internal factors,' report claims
Zavvie has found that both iBuyers and Power Buyers are seeing explosive growth — suggesting Zillow's recent moves don't reflect weakness in the iBuying concept
by Jim Dalrymple II Nov 30
Home price hikes persisted in Q3 as September signaled growth decline
Prices rose 4.2 percent in the third quarter of 2021 and were up 18.5 percent over the same time last year, according to the latest House Price Index by the Federal Housing Finance Agency
by Daniel Houston Nov 30
Skyrocketing US home prices are finally beginning to slow down
September 2021 marked the first month since May 2020 in which annual home price growth decelerated, with home prices increasing 19.5% year over year, down from 19.8% in August
by Lillian Dickerson Nov 30
As Omicron COVID variant spreads, real estate agents grin and bear it
Disease experts are racing to address the Omicron variant, but in real estate, few expect the new threat to be a game changer — even as it threatens to extend the holding pattern on life decisions
by Jim Dalrymple II Nov 30
Image of federal building to symbolize Trump tells Cook to resign
Prospects for acclerated tapering of mortgage purchases in January now in doubt
by Matt Carter Nov 29
6 stories readers might have missed while eating Thanksgiving leftovers
Whether you were stuffing your face with pumpkin pie or breaking up a brawl between brothers who aren't on speaking terms, here are the top stories you might have missed this weekend
by Lillian Dickerson Nov 29
After brief dip, pending home sales bounce back stronger in October
The number of contract signings grew 7.5 percent from September to October, the National Association of Realtors reports
by Daniel Houston Nov 29
11 issues that will impact the future of real estate
Opinion
Mega-team leader Carl Medford illuminates the top 11 issues that he believes will be affecting real estate in the future
by Carl Medford Nov 25
Fed stands ready to accelerate tapering of mortgage purchases
Fed policymakers are prepared to adjust the pace of asset purchases if inflation continues to run hot, minutes released Wednesday of their Nov. 3 meeting show
by Matt Carter Nov 24
New home sales hit 6-month high
New home sales in October 2021 increased by a modest 0.4% to a seasonally adjusted annual rate of 745,000, following a furious September in which new home sales grew by double digits
by Lillian Dickerson Nov 24