Mortgage Applications Up for Third Straight Week
Thanks to the recent declines in average mortgage rates of late, mortgage application activity has seen a small but steady ...
Tag: Housing Market
Spring Sales Down, But Million-Dollar Listings Boom
Existing-home sales receded in April, according to the National Association of REALTORS® (NAR) latest report, released May 22. All four ...
National Rent Prices Drop Again; Southern Metros See Greatest Savings
In April, median rent prices dropped yet again nationwide, down 0.7% for most properties, with three major metros—namely, Austin, Texas; ...
U.S. Tappable Equity Reaches Record $11 Trillion
Rising interest rates might be sidelining would-be homebuyers, but the ongoing shortage of inventory on the market is keeping home ...
Foreclosure Starts Decline Slightly in April, While Completions Rise
A total of 31,649 properties had foreclosure filings—default notices, scheduled auctions or bank repossessions—in April 2024, according to the latest ...
Economic Index Declines Again in April, Pointing to Slower Growth
The Conference Board Leading Economic Index (LEI) for the U.S. decreased 0.6% in April to 101.8, after decreasing 0.3% in ...
Mortgage Rates Decrease Again
The 30-year fixed-rate mortgage (FRM) averaged 7.02% this week, down for the second week in a row from last week’s ...
Housing Starts Rebound in April, Rising 5.7%
With the U.S. still experiencing a housing shortage due to construction halts from the COVID-19 pandemic, housing completions, and starts, ...
Why Homeowners Across the U.S. Are Acquiring Home Equity Loans
In a high price market like the one real estate has seen for the past few years, many homeowners have ...
Mortgage Applications See Second Week of Increases
Mortgage applications saw a slight increase of 0.5% from last week’s bump of 2.6%, according to the latest Weekly Mortgage ...
6 Key Numbers Buyers Must Examine Before Committing
“The rate should never be treated as a yes-or-no answer,” says Nick Nastos, founder of Chicago’s Property Shop. “I would be more concerned about a buyer closing with no emergency fund than one accepting a slightly higher rate with a manageable payment and cash still in the... Read more.
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