Existing-home sales retreated 4.3% between February and March to a seasonally adjusted annual rate of 4.19M, according to data released Thursday by the National Association of Realtors
Recent surge in mortgage rates could take some air out of a projected rebound in 2024 home sales, with deals driven mostly by households who can no longer put off their moves
Purchase loan applications surged for the second week in a row last week, but now rates are headed back up as worrisome inflation data casts doubts on timing of Fed rate cuts
A key Fed inflation metric, the PCE price index, continues to drop toward the Fed's 2% inflation target, falling from 2.6% annual growth in December to 2.4% in January
With mortgage rates hovering above 7%, requests for purchase loans were down by a seasonally adjusted 5% week over week and 2% lower than a year ago, MBA lender survey finds
The additional boost to 2024 home sales might come at the expense of slightly slower growth next year due to elevated mortgage rates, economists at the mortgage giant said Friday
Applications for purchase loans have dropped 4 weeks in a row, plummeting by a seasonally adjusted 10% last week, according to a survey of lenders by the Mortgage Bankers Association
Investors in these lower-income 'opportunity zones' receive tax incentives for improvements. And 2 in 5 of these neighborhoods saw a disproportionately large rise in home prices in late 2024
Winter is always slow, but new listings have been trending toward normal levels in recent months, according to a new Intel analysis of US homes for sale. Lower rates may only speed up the process
With listings still in short supply, homebuyers are 'dealing with an affordability shock' and new homes will play an outsize role in housing markets, Zonda Chief Economist Ali Wolf said at ICNY
Fannie Mae economists no longer expect a recession in 2024 and are considerably more optimistic that mortgage rates have additional room to come down below 6%
Does the rapid slowdown in the economy mean a recession is now inevitable in the new year, or is a 'soft landing' still possible? Economists are divided on the nation's economic outlook for 2024
After rates fell from October highs, homebuyers with a new mortgage are paying about $400 less each month. Still, there's no buying spree — yet
Agent 'glut' means part-timers are now the majority, leading to 'widespread incompetence and pressure to maintain high commission rates,' according to the Consumer Federation of America
Sales of newly built single-family homes fell 12.2% between October and November to an annual rate of 590,000, but lower interest rates may bring relief