The 30-year fixed-rate mortgage averaged 7.19% as of Sept. 21, according to data from Freddie Mac (OTCQB: FMCC). This is up slightly from last week when it averaged 7.18%. A year ago at this time, it averaged 6.29% “Mortgage rates continue to linger above 7% as the...
Tech Trends: I use iContact to reach my audience. I send out an e-mail every workday to over 80,000 people. Outreach is important. But it’s not about the size of your database or the number of e-mails that you send, it’s about so much more. Here are some things that...
For the first time in nearly two years, the Bank of England paused its regimen of rate hikes. The central bank’s Monetary Policy Committee (MPC) voted 5-4 to maintain the Bank Rate at 5.25% – the dissenting members sought a 0.25 percentage point increase to 5.5%. The...
Buying a starter home in the top 50 metros cost $1,111 (60.3%) more per month than renting in August, as median U.S. rents recorded their fourth consecutive month of year-over-year declines, according to data from Realtor.com. The median asking rent in the 50 largest...
A total of 84,350 single-family homes and condominiums in the were flipped during the second quarter, according to data from ATTOM. These transactions represented 8% the quarter’s home sales and was close to the lowest level of flipping activity since 2021. The second...
Existing home sales in August were down 0.7% from July to a seasonally adjusted annual rate of 4.04 million, according to data from the National Association of Realtors (NAR). Year-over-year, sales dropped by 15.3% from the 4.77 million recorded in August 2022. While...
Hits and Misses for the Real Estate Week of June 29-July 3
