Home sales in July were down by 14.7% from June and down by 16.1% compared to one year earlier, according to new data from RE/MAX (NASDAQ:RMAX). This marked the first time since April that month-over-month sales recorded a decline. “The market is playing out...
At a time when home prices remain near their record highs, a residence in Pontiac, Michigan is occupying space at the other end of the price spectrum. According to a Business Insider report, there is listing for a house in Pontiac, Michigan, with a $1 price tag. No,...
The 30-year fixed-rate mortgage averaged 7.09% as of Aug. 17, according to new data from Freddie Mac’s (OTCQB:FMC)) Primary Mortgage Market Survey. Last week, this mortgage averaged 6.96%, while one year ago it averaged 5.13%. The current level is the highest in...
Newly built homes accounted for roughly one-third (31.4%) of single-family homes on the market in the second quarter, according to a study from Redfin (NASDAQ:RDFN). This is highest share for any second quarter since Redfin began tracking data. The portion of new...
Mortgage application activity declined for the week ending Aug. 11, according to new data from the Mortgage Bankers Association (MBA). The Market Composite Index, the trade group’s measure of mortgage loan application volume, dropped by 0.8% on a seasonally adjusted...
Fannie Mae Gives Unready Lenders Temporary Relief From Nov. 2 UAD 3.6 Manda…
