The housing market has developed a massive case of cold feet as home purchase transactions are being canceled at a record rate, according to new data from Redfin (NASDAQ:RDFN). During June, Redfin recorded nearly 56,000 home-purchase agreements cancelations, equal to...
Although home price growth was stronger than expected during the second quarter, prices are likely to moderate and close out 2024 and 2025 at annual rates of 6.1% and 3.0%, respectively, according to the July 2024 commentary from the Fannie Mae (OTCQB:FNMA) Economic...
Mortgage applications for new home purchases in June inched up 0.7% year-over-year but dropped by 16% month-over-month, according to new data from the Mortgage Bankers Association (MBA). MBA estimated new single-family home sales were running at a seasonally adjusted...
Mortgage rates continued to decline in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.77% as of July 18, down from last week when it averaged 6.89%. A year ago at this time, it averaged...
Home sales during June stumbled by 7.2% from May and plummeted 11.6% year-over-year, according to the latest national housing market report from RE/MAX LLC, a subsidiary of RE/MAX Holdings (NYSE: RMAX). Across the 50 metro areas surveyed for the report, inventory rose...
Howard Amster Discloses 9% Stake in Redwood Trust as Sale Pressure Builds
