Source: Redfin — High mortgage rates are keeping homebuyers on the sidelines, leading to declining home sales and a build-up of supply. The number of homes for sale nationwide in June rose 2%. That’s the first annual increase since July 2019, before the...
Source: Realtor — The summer temperatures are sizzling, but America’s once-hot Western real estate markets are on ice. While the warmer months generally see a decline in homebuyers making the move to temperate Western regions, a new report...
Source: Aljazeera — As real estate in the United States remains strong despite rising interest rates, market analysts interviewed by Al Jazeera predict that the next housing crisis will centre around Americans locked out of homeownership. “That’s our big...
Source: CNBC — After staggering growth during the pandemic, the U.S. housing market is starting to cool — and it’s happening fastest along the West Coast. The quickest-cooling real estate market is San Jose, California, according to a new Redfin analysis, which...
Source: Scotsman Guide — April marked one year and one month of delinquencies dropping on a yearly basis, with delinquent mortgages sliding 1.8% annually to 2.9% of all loans, according to CoreLogic’s latest Loan Performance Insights report. On a monthly basis,...
Source: Redfin — Rent increases tapered off in June, with the national median asking rent rising 14% from a year earlier—the smallest annual increase since October. Asking rents were up 0.7% from May, the smallest month-over-month gain since the start of the...
Mortgage Applications Fall Again as 30-Year Rate Climbs to 6.97%
