Hallelujah! Finally, some good news about the real estate market
You loved last week's good news on mortgage rates, and this week brought even more smiles to real estate agents and brokers
by Christy Murdock Dec 1
Lawsuits, security breach and a big mortgage rate drop: Inman Top 5
Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers
by Dani Vanderboegh Dec 1
Americans' average mortgage payment falls $164 in November
A dip in the weekly average for 30-year mortgage rates dropped the average mortgage payment to $2,575 in November, and homebuyers are taking advantage
by Marian McPherson Nov 30
Pending home sales fall to lowest level in more than 20 years
Pending sales fell 1.5% month over month in October to a reading of 71.4, the lowest score recorded since the Pending Home Sales Index began publishing in 2001
by Ben Verde Nov 30
Homebuyers seizing the day as mortgage rates continue to slide
Demand for purchase loans picks up for 4th consecutive week, and bond market investors are pushing rates lower on hopes for Fed easing as inflation subsides
by Matt Carter Nov 29
Redfin launches new housing price tracker index
The tool is described in an announcement from the brokerage as similar to the Case-Shiller Home Price Index, but with more real-time and metro-level data
by Ben Verde Nov 28
Lennar fights high home prices with 3 new mid-range models
The homes are part of the company’s 'Everything’s Included' incentive, which offers a one-stop solution for outfitting a new home
by Craig C. Rowe Nov 28
Fannie and Freddie 2024 loan limits upped to $766,550 in most areas
Surge in Q3 home prices pushes mortgage giants' conforming loan limits in high-cost housing markets to $1,149,825 for single-unit properties, and up to $2,211,600 for 4-unit properties
by Matt Carter Nov 28
35% of Americans hope the housing market will crash in 2024
LendingTree's latest consumer survey revealed 35% of Americans hope the market will crash in the next 12 months. They believe an economic downturn will lower mortgage rates and home prices
by Marian McPherson Nov 28
Home prices climb higher for 7th straight month, led by Detroit
National home prices climbed 3.9% from a year earlier in September and were up 0.7% from the previous month. Detroit was the market with the highest price growth, followed by San Diego
by Ben Verde Nov 28
New-home sales fall beneath the weight of October mortgage rates
Sales of newly built single-family homes clocked in at a seasonally adjusted annual rate of 679,000 during the month of October
by Ben Verde Nov 27
Biggest mortgage rate drop since pandemic sparks agent optimism
A big drop in mortgage rates has resulted in holiday rejoicing for agents and hopeful buyers. Make sure you're ready to work with them
by Christy Murdock Nov 23
Economists agree rates have peaked. But will they come down?
Two closely watched forecasts agree that mortgage rates have probably peaked, but the MBA and Fannie Mae diverge sharply on how quickly they'll come down over the next 2 years
by Matt Carter Nov 22
Homebuyers perk up as mortgage rates hit lowest level in 2 months
Requests for purchase loans were up 4% last week compared to the week before, but down 20% from the same time a year ago, Mortgage Bankers Association's weekly survey of lenders finds
by Matt Carter Nov 22
Like a boyfriend, the perfect lender is experienced, well-funded: Triple-I
Neither brand recognition nor the promise of lower rates were as valuable to agents as a mortgage lender's ability to reliably obtain funding, according to results from the latest Inman Intel Index
by Matt Carter Nov 22