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Pumping the brakes on the local housing market
Source: Yahoo! News --- Nov. 5—PENDLETON — When the time came to sell her mother's condominium, Carole Edwards was cautiously optimistic that a buyer would surface quickly. She was also aware, however, that the local housing market — mirroring several nationwide...
Mortgage rates just dipped, and home prices may be ‘reaching the peak’ — but buyers hoping for a free-fall ‘will be disappointed’
Source: Yahoo! --- After climbing above 7% for the first time in 20 years, U.S. mortgage rates moved back down this week even as the housing market continues to reel from high borrowing costs. Rates also dipped despite the Federal Reserve announcing another hike of...
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Inflation soars in Phoenix, Atlanta, Tampa as homebuyers arrive
Source: Fox Business --- Phoenix, Tampa and Atlanta are seeing some of the highest inflation rates in the country as the areas attract a surge of homebuyers, according to Redfin. Redfin deputy chief economist Taylor Marr said inflation, which surged 8.5% over the past...
Wonder How High Home Prices Can Go? Here Are America’s Most Expensive ZIP Codes in 2022
Source: Realtor.com --- With home prices setting record highs month after month—reaching a remarkable nationwide median of $405,000 in March—just about all homebuyers are grumbling these days that they can’t get a break. But if you’ve ever wondered just how high...
Mortgage rate locks tumble amid sharp rate rise
Source: Housing Wire --- Fewer buyers rushed to lock mortgages last month amid a rapid climb in long-term mortgage rates, reflecting home affordability concerns, reports from Mortgage Capital Trading and Black Knight showed. Total mortgage rate locks by dollar volume...
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