It’s no secret that today’s housing market poses a number of obstacles to purchasing a home. Interest rates have risen nearly three percentage points over the last year. Inflation has cooled but remains high. And housing affordability and housing availability remain...
Single‐family housing starts in April were at a rate of 846,000, a 1.6% increase from the revised March figure of 833,000, according to data from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. Privately‐owned housing starts in April...
This week, our Person of the Week spotlight shines on Jonas Bordo, co-founder and CEO of Dwellsy, the Los Altos, California-based residential home rentals marketplace, and co-author of the upcoming book “Everything You Need to Know About Renting But Didn’t Know to...
New listings of homes for sale dropped 19% year over year during the four weeks ending May 7, according to data from Redfin (NASDAQ:RDFN). As a result of the inventory shortage and mortgage rates that remain above 6%, there were 16% fewer pending home sales than one...
The latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC) showed rates taking a slight drop from last week. The 30-year fixed-rate mortgage averaged 6.35% as of May 11, down from last week when it averaged 6.39%. A year ago at this time, the rate...
Freddie Mac Mortgage Rate Jumps to 7.28%, Highest in Nearly Three Years
