Source: Mortgage News Daily — As of last Friday, mortgage rates had enjoyed 3 of their best weeks in a long time. Sure, there were caveats that argued against celebrating the gains as evidence of a broader reversal, but they were nonetheless a welcome change...
Source: abc4 — (NewsNation) — New home construction continues at a rapid pace, but new sales data shows the market may be cooling down, slightly. In April, sales dropped by 17%, the biggest dip in nearly a decade, according to data released last week by the...
Source: Realtor — The nation’s fastest-growing cities are more like popular suburbs located just outside of the hottest real estate markets. And they are all clustered in just two states: Texas and Arizona. During the height of the COVID-19 pandemic, smaller...
Source: CNN — (CNN)US home prices continued to surge higher in March, as buyers raced to lock in homes before the average mortgage rate hit 5%. Home prices rose 20.6% in March from the year before, an even higher rate than the 20% growth seen in February,...
Source: Fortune — Fundamental economics tells us that home price growth and income growth are interwoven. Neither can outrun the other for very long. That is what’s concerning about the pandemic’s housing boom: Over the past year, home price growth (20.6%) is...
Source: Realtor —Â After a punishing few years, many homebuyers are simply calling it quits. And who could blame them? First, home prices began rising to dizzying heights. Then came the insanely competitive bidding wars, complete with mind-bogglingly high offers...
