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Mortgage Rates Inch Lower
“This week’s decrease continues a recent sideways trend in mortgage rates,” said Freddie Mac’s Sam Khater. Continue Reading Mortgage Rates Inch Lower
US Foreclosure Activity Stabilized in April
Atlantic City, New Jersey, was the major metro with the highest foreclosure rate. Continue Reading US Foreclosure Activity Stabilized in April
Additional Reading: Top Real Estate Industry News & Headlines
Below, find popular recent real estate articles from top industry sources.
Opinion: Homeowners should prepare for an ugly 2023, but it’s unlikely we’ll have a repeat of 2008
Source: CNN --- A much-feared correction in US home prices is underway. While this may feel like déjà vu, the drivers behind the recent spike in prices and the current housing market downturn are different from the ones seen in the 2000s. This time around, the US...
Where home prices are headed in 2023—this map shows CoreLogic’s revised outlook for 392 housing markets
Source: Yahoo! Finance --- When a buttoned-up Fed economist says the U.S. housing market has entered into a "difficult [housing correction"], it'd be wise to believe them. When it comes from the lips of Fed Chair Jerome Powell, it's more of a warning. Powell is right:...
What’s The Outlook For The Housing Market?
Source: Forbes --- Key Takeaways Housing sales have fallen for the ninth consecutive month, with transactions down 28.4% compared to this time last year. Average prices have also come down, hitting $379,100 compared to $413,800 in June. It comes as mortgage rates...
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