Source: Click Orlando — ORLANDO, Fla. – Between economic uncertainty and booming interest rates, the once red-hot housing market is starting to cool off. Buying a home during the pandemic was extremely competitive as a combination of low mortgage rates, low...
Source: CNBC — Mortgage applications rose 2.2% last week compared with the previous week, prompted by a slight decline in interest rates, according to the Mortgage Bankers Association’s seasonally adjusted index. Refinance applications, which are usually most...
Source: The Ascent — I’m moving. The dates are squishy, but it’s decided. By the first half of 2023, my friend and I are high-tailing it from Los Angeles, California, to the Portland, Oregon, region. As much as we love our beaches cooked sunny-side...
Source: US News — Sales of existing homes fell in October for the ninth straight month, down 5.9% from a month earlier as buyers faced mortgage rates that have doubled in the past year, the National Association of Realtors said on Friday. Sales, at an annual...
Source: Reuters — WASHINGTON, Nov 18 (Reuters) – U.S. existing home sales tumbled for a record ninth straight month in October as the 30-year fixed mortgage rate hit a 20-year high and prices remained elevated, pushing homeownership out of the reach of...
Source: New York Post — The US housing market is likely close to hitting a bottom following months of plummeting buyer demand and falling home prices, a prominent economist said in a note to clients this week. Homebuilder confidence fell for the 11th straight...
Hits and Misses for the Real Estate Week of June 22-26
