Source: Realtor.com — Buying a home just became a lot more expensive—and it’s expected to only get worse in the coming months. Mortgage interest rates surged to their highest point since March 2020—the earliest days of the coronavirus pandemic—indicating that...
Source: National Mortgage Professional — Foreclosure filings — including default notices, scheduled auctions, and bank repossessions — were reported on 151,153 U.S. properties in 2021, down 29 percent from 2020 and down 95 percent from a peak of nearly 2.9...
Source: Axios — Mortgage rates have jumped to their highest level since early 2020. Why it matters: The rising cost of home loans could slow the booming American market for residential real estate. State of play: Across the country, house prices have exploded...
Source: Redfin News— The median home sale price surged 16% year over year during the week ending January 9 to an all-time high of $365,000. Prices keep climbing because the supply drought keeps deepening while demand increases. The number of homes for sale fell...
Source: Zillow — The Black homeownership rate has rebounded modestly from recent lows, but remains below its early 2000s peak as racial disparities in the mortgage and housing markets widened throughout the early part of the pandemic, according to a Zillow...
Source: Fox Business — Mortgage rates surged at the start of 2022 to the highest level in nearly two years as markets reacted to the news that the Federal Reserve is considering raising rates soon, according to the latest data from Freddie Mac. The 30-year...
Hits and Misses for the Real Estate Week of Aug. 3-7
