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Long-term U.S. mortgage rates jump significantly

Long-term U.S. mortgage rates jump significantly

by Third Party | Jan 22, 2022 | Mortgage Information, News/Current Events

Source: RealEstate — WASHINGTON (AP) — Average long-term U.S. mortgage rates continued to rise this week. The rate on the benchmark 30-year loan breached 3.5%. Home loan rates have been running in recent weeks at levels not seen since early 2020, when the...
Existing-Home Sales Decline Amid Listings Shortage

Existing-Home Sales Decline Amid Listings Shortage

by Third Party | Jan 22, 2022 | News/Current Events, Real Estate News

Source: Realtor.com —  The numbers: Existing-home sales decreased 4.6% between November and December, hitting a seasonally-adjusted, annual rate of 6.18 million, the National Association of Realtors said Thursday. Compared to a year ago, sales were down more...
Zillow December 2021-December 2022 Home Value & Sale Forecast

Zillow December 2021-December 2022 Home Value & Sale Forecast

by Third Party | Jan 21, 2022 | News/Current Events, Real Estate News

Source: Zillow —  Existing home sales are expected to continue growing through 2022, approaching levels not seen since 2005, while annual home value growth is likely to peak and plateau in the early months of 2022 before slowing somewhat through the end of next...
Southern Illinois real estate market is booming

Southern Illinois real estate market is booming

by Third Party | Jan 21, 2022 | News/Current Events, Real Estate News

Source: The Southern Illinoisan —  Teri Novak is planning a five-hour trek to Southern Illinois tomorrow. She’s made the drive from her suburban Chicago community of Lemont many times in the past few weeks since deciding to try to buy a home in Williamson...
Housing starts reach nine-month high in December

Housing starts reach nine-month high in December

by Third Party | Jan 21, 2022 | News/Current Events, Real Estate News

Source: Housing Wire —  After posting a double digit gain in November, housing starts were up yet again in December, rising 1.4% month over month to a seasonally adjusted annual rate of 1.70 million according to a report released Wednesday by the U.S. Department...
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