The typical U.S. homebuyer’s monthly mortgage payment was $2,605 during the four weeks ending July 30, according to new data from Redfin (NASDAQ:RDFN). This represents a 19% year-over-year spike, but it is also $32 less than the record-high payment level from early...
A Phil Hall Op-Ed: One of the major stumbling blocks in today’s housing market is the abnormally low inventory of existing homes listed for sale. The absence of these properties is hardly mysterious – why would anyone voluntarily move out of a secure residence and go...
Lafayette, Indiana, held the top spot in the latest Wall Street Journal/Realtor.com Emerging Housing Markets Index. The newly-released second quarter results were a triumph for Midwest markets that occupied the top 10 rankings, with Indiana occupying the top three...
Chicago-headquartered Guaranteed Rate introduced OneDown, a mortgage product that features down payment options as low as 1% plus an additional 2% contribution towards that down payment. OneDown also offers borrowers a $1,000 contribution toward lender fees. The...
Florida’s housing market in June recorded 26,071 closed sales of existing single-family homes, down 7.9% year-over-year, while existing condo-townhouse sales totaled 10,494, down 11% over June 2022, according to data from Florida Realtors. The trade group also...
Fed’s Musalem Sees More Rate Hikes Over Next Six to Nine Months
