Source: CNN Business — Washington, DCCNN — The Federal Reserve hiked its benchmark lending rate this week for the seventh time this year, capping a year of intense pressure on the housing market that pushed mortgage rates above 7% for the first time since 2002....
Source: Yahoo! Finance — Buying your first home involves a certain amount of strategy. Trying to time your purchase based on the market’s ups and downs can sometimes feel like a game. But over the last few months, that game has been far less fun for hopeful...
Source: Yahoo! Finance — Lennar (LEN) reported a slowdown in new home orders in its fourth-quarter as the housing market remains in correction mode. Lennar said this week new home orders dipped 15% year-over-year in the fourth quarter, reaching 13,200 homes,...
Source: Newsweek — Experts believe that the housing market is currently in the midst of a correction after the past couple of years saw soaring mortgage rates and heavy inflation, as well as major increases in housing prices. Though there have been warnings...
Source: The Ascent — There’s a reason it’s been a major struggle for home buyers — particularly first timers — to break into the real estate market. Housing inventory has lacked in a serious way, and any time there’s more demand...
Source: Newsweek — The Federal Reserve voted to raise interest rates by half a percentage point on Wednesday, a slightly scaled-down increase after several consecutive hikes of .75 percentage points. The hikes have all been part of an attempt to ease soaring...
Illinois Home Sales and Inventory Decline While Median Price Rises
