Source: MPA — US mortgage rates posted the biggest drop in more than two years, offering homebuyers a slight reprieve from this year’s massive surge in borrowing costs. The average for a 30-year loan declined to 5.10% from 5.25% last week, Freddie Mac said in a...
Source: Apartment Therapy — If you’ve ever set foot in a home improvement store, you’ve probably noticed a lot of one material: wood. And you’ve probably noticed it in your own home, too — or perhaps even installed it yourself. Wood has many practical...
Source: Fox Business — Pamela Liebman, president and CEO of The Corcoran Group, argued on Wednesday that the real estate industry is “desperate” for more inventory and if more homes become available, it “will really help everybody.” She...
Source: Fortune — Moody’s Analytics chief economist Mark Zandi is ready to call it. He tells Fortune that we’ve officially moved from a housing boom into a “housing correction.” The real estate data rolling in for April and May shows...
Source: The Spectrum — St. George’s fast-rising housing market hit a new record high in April with the median sales price of a single-family home rising to $560,000, up more than 30% compared to April of last year. The rising sales price has risen sharply...
Source: Deseret — As rising mortgage rates continue to put pressure on the U.S. housing market and the entire economy, economists and housing researchers are seeing early signs of a cooling market — but a question remains. Is a widespread correction coming to...
Hits and Misses for the Real Estate Week of April 27-May 1
