Source: Forbes — Key Takeaways Housing sales have fallen for the ninth consecutive month, with transactions down 28.4% compared to this time last year. Average prices have also come down, hitting $379,100 compared to $413,800 in June. It comes as mortgage rates...
Source: New York Post — The US housing market experienced its most significant slump since the Great Recession in October as surging mortgage rates crushed demand, real estate firm Redfin said in a monthly report this week. The number of pending home sales...
Source: Economic Innovations Group — The rapid growth of remote work has ushered in a variety of economic changes, with notable impacts on the housing market. An emerging literature suggests remote work has shifted both where people live and how much housing...
Source: Insurance News Net — Nearly a year into a special lending program aimed at underserved homebuyers, the initiative is soon to expand from a few banks to mainstream, nonbanking lenders. Could these good intentions be the beginning of our next lending...
Source: Yahoo! Finance — Mortgage rates tumbled by their biggest weekly drop in four decades after new data suggested inflation could be starting to cool. Consumer prices rose by 7.7% in October — a slower pace than economists predicted — and the average rate...
Source: Fannie Mae — For potential homebuyers, obtaining multiple mortgage quotes may not be as exciting as searching for the physical home itself, but research has shown that “shopping around” with different lenders for the best possible mortgage...
