Mortgage rates were slightly down in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.88% as of March 7, down from last week when it averaged 6.94%. A year ago at this time, it averaged 6.73%....
Homeowners looking for the biggest payout on their residential sales may wish to wait until the first half of June before listing their property. According to a new data analysis of 2023 home sales by Zillow (NASDAQ:Z, ZG), properties listed in the first two weeks of...
A new study from ATTOM has determined that 34 of the 50 counties with the most at-risk housing markets in the fourth quarter of 2023 were based in three states. ATTOM defined at-risk markets based on data related to home affordability, underwater mortgages,...
U.S. homeowners with mortgages saw their home equity increase 8.6% year-over-year during the fourth quarter of 2023, according to new data from CoreLogic. This represented a collective gain of $1.3 trillion and an average increase of slightly more than $24,000 per...
The challenges facing the U.S. housing market and the commercial real estate markets will not be acknowledged by President Biden tonight in his State of the Union address. The advanced “fact sheet” of the speech released by the White House did not include...
An appeals court restored the so-called “mansion tax” referendum that Chicago voters will be voting on for their March 19 election. NBC Chicago reported that the Illinois Appellate Court reversed a circuit court decision that voided the referendum’s appearance on the...
Hits and Misses for the Real Estate Week of Aug. 10-14
