The 30-year fixed rate mortgage averaged 6.76% as of May 8, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). This is unchanged from last week and down from the 7.09% rate recorded one year ago. The 15-year fixed-rate mortgage...
Single-family existing home sales prices were up in 83% of metro markets (189 out of 228) during the first quarter, according to data from the National Association of Realtors (NAR), which also found 11% of the tracked metro areas recorded double-digit price gains,...
A new data report from ATTOM has found 46.2% of mortgaged residential properties were considered equity-rich in the first quarter, down from 47.7% in the fourth quarter of 2024. However, the rate is also nearly double what it was in the first quarter of 2020, prior to...
Washington Gov. Bob Ferguson signed a bill into law that imposes rent caps on the state’s landlords. House Bill 1217 limits rent increases for existing tenants in Washington state to 7% plus inflation or 10%, whichever is lower, and it also limits rent...
Active listings of homes in Washington, DC metro area shot up by 25.1% year-over-year during the four weeks ending April 27, according to data from Redfin (NASDAQ: RDFN). This marked the highest level of home for sale in that market since 2022. By comparison, active...
Roughly one-third (30%) of Americans who do not own a home doubt that they will buy one within the next five years, according to a new Gallup poll, 23% do not believe they will achieve homeownership in the next 10 years and 45% said it would not happen for the...
