Source: Yahoo Finance — As a well-known inflation-proof asset, real estate has been highly sought-after for most of the last two years. But things seem to be shifting. According to a new report from real estate brokerage Redfin, around 60,000 home-purchase...
MCLEAN, Va., Aug. 04, 2022 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 4.99 percent. “Mortgage rates remained volatile due to...
Source: CNBC — Mortgage applications inched up last week for the first time since June 24. Total mortgage demand increased 1.2% as the average 30-year fixed mortgage rate made the largest weekly drop since 2020. Applications to refinance a home rose 2%,...
Source: Visual Capitalist — This is the Salary You Need to Buy a Home in 50 U.S. Cities Depending on where you live, owning a home may seem like a far off dream or it could be fairly realistic. In New York City, for example, a person needs to be making at least...
Source: Review Journal — In more ways than one, Las Vegas’ housing market is getting doused with cold water. People are buying fewer homes, sellers are slashing their prices, and availability is soaring. Southern Nevada is far from alone in seeing its...
Source: Fortune — Homebuyers had enough. Spiked mortgage rates on top of record home price appreciation—up 42% since the onset of the pandemic—pushed monthly mortgage payments to a level that is simply unattainable for tens of millions of would-be buyers. As...
Hits and Misses for the Real Estate Week of June 22-26
