The 30-year fixed-rate mortgage averaged 6.55% as of July 16, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). That marked an increase from last week when it averaged 6.49%. A year ago at this time, it averaged 6.75%. The 15-year...
Pending home sales in June were down by 5.4% from the prior month and down 0.3% from one year earlier, according to the National Association of Realtors (NAR). Month-over-month pending home sales declined in all four major regions while year-over-year pending home...
Builder confidence in the market for newly built single-family homes fell two points to 34 in July, down from an upwardly revised reading of 36 in June, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). Any HMI level...
Mortgage applications for new home purchases in June declined by 6% from May but increased 2.4% from one year before, according to data from the Mortgage Bankers Association (MBA). The trade group estimated new single-family home sales were running at a seasonally...
An accessory dwelling unit (ADU) in San Jose has become the first California property of its kind to be sold as a condo unit on an existing property. SFGate.com reports the 749-square-foot, two-bedroom standalone home near downtown sold for $530,000; it was first...
The Seattle-headquartered brokerage Redfin is now partnering with The Weather Company, the parent company of The Weather Channel app and weather.com, to bring local weather data to every for-sale home listing on its platforms. According to the companies, Redfin users...
Tennessee Woman Sentenced for Fraud Involving $1.4 Million of Fake Property…
