Source: World Property Journal — National property broker Redfin is reporting this week that 60.7% of home offers written by Redfin agents nationwide encountered competition on a seasonally adjusted basis in April, the lowest level since March 2021....
Source: Fox Business — Mortgage rates dropped last week for the second consecutive week as the economy slowed alongside consumer spending, according to the latest data from Freddie Mac. The average 30-year fixed-rate mortgage rate decreased 15 basis points to...
Source: Bankrate — Rising home prices and mortgage rates have made it more difficult for many first-time homebuyers and have pushed some to consider alternative forms of financing. A survey out of Pew Charitable Trusts found that Hispanic homebuyers are the...
Source: MPA — The US has officially gone from a housing boom into a “housing correction”, according to Mark Zandi (pictured), chief economist at Moody’s Analytics. In an interview with Fortune magazine last week, the economist and co-founder of Economy.com said...
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...
