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Housing Market Recovery Held Back by Costs, Low Supply

Housing Market Recovery Held Back by Costs, Low Supply

by Leora Ruzin | Feb 24, 2023 | Industry Updates, Real Estate News, U.S. Housing Market

According to a new report from RedFin, an online real estate brokerage, home-purchase applications dropped to the lowest level since 1995 last week as mortgage rates jumped on expectations that the Federal Reserve will need to raise interest rates again to combat...
Coast Energy Developing Solar Projects in New York

Coast Energy Developing Solar Projects in New York

by Leora Ruzin | Feb 24, 2023 | Real Estate Agent Tools, U.S. Housing Market

Coast Energy, an independent power producer that develops, owns and operates renewable distributed generation and storage projects for commercial and industrial (C&I) real estate, announced that it has acquired an 8.6 megawatt project in the Town of Brookhaven on...
Housing Market Update: Sale Prices Flatten, Demand For Mortgages Falls As Rates Climb

Housing Market Update: Sale Prices Flatten, Demand For Mortgages Falls As Rates Climb

by Third Party | Feb 24, 2023 | News/Current Events, U.S. Housing Market

Source: Redfin —  As mortgage rates rise, serious homebuyers are scarce. But plenty of people are searching for homes online and touring them, waiting until rates decline to buy.  The median U.S. home-sale price was $348,000 during the four weeks ending February...
That 3% Mortgage Just Keeps Getting Better

That 3% Mortgage Just Keeps Getting Better

by Third Party | Feb 24, 2023 | Mortgage Information, U.S. Housing Market

Source: The Washington Post —  The economy has been stronger and inflation stickier than markets and forecasters expected at the start of 2023, prompting traders to place bets that the Federal Reserve could ultimately raise rates as high as 6% — a level not seen...
Mortgage Rates Surge as Inflation Lingers

Mortgage Rates Surge as Inflation Lingers

by Third Party | Feb 24, 2023 | Mortgage Information, U.S. Housing Market

Source: US News —  Mortgage rates jumped higher for the second week in a row as investors worry sticky inflation will cause more hawkish policy decisions from the Federal Reserve. The average 30-year fixed mortgage rate rose to 6.73%, from 6.55% the previous...
U.S. Homebuyers Start To Regain Upper Hand in 2023

U.S. Homebuyers Start To Regain Upper Hand in 2023

by Third Party | Feb 23, 2023 | Real Estate News, U.S. Housing Market

Source: Investopedia —  Chris Donoso and Yefry Rodriguez’s year-long search for their home, a two-family property in Jersey City, N.J., took more than a little patience—and a motivated seller who cut the price by $10,000.   “We got very lucky,”...
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