Housing Wire

FEBRUARY 1, 2023

While mortgage rates have been trending lower, rates are still higher than 12 months ago, but some experts anticipate that the downward pressure on rates will provide opportunities for buyers. The 30-year fixed rate was at 6.16% on Tuesday, a decline from 6.5% The 30-year fixed rate was at 6.16% on Tuesday, a decline from 6.5%

Pre-approval 397

Pre-approval Mortgages Banks Investor 397

Housing Wire

SEPTEMBER 21, 2023

Real estate experts reiterated caution against further rate increases. While Fed Chair Jerome Powell emphasized incoming data will determine whether the central bank will raise its federal funds rate at its next FOMC meeting in November, the “dot-plot” of rate projections showed policymakers foresee one more hike by the year-end.

Banks 421

Banks Mortgages Principal Commercial 421

Marco Santarelli

JULY 25, 2022

If home values fall quickly, purchasers may find themselves with underwater mortgages, which means they must either stay in the house until the market recovers or sell and lose money. Instead, they will lose their homes to foreclosure and often file for bankruptcy in the process. More people bought and sold homes as home prices soared.

Marketing 52

Marketing Lending Mortgages Equity 52

Housing Wire

JANUARY 19, 2023

High inflation has reduced consumers’ purchasing power, which has led to weakened sales and construction across all 12 Federal Reserve districts. While home prices have started to inch down, more inventory is needed for a balanced housing market, the Federal Reserve Beige Book said.

Marketing 421

Marketing Residential Construction Sales 421

Housing Wire

DECEMBER 1, 2022

Interest rates and inflation continued to dampen activity in the housing market across all 12 Federal Reserve districts, according to the Fed’s latest Beige Book. Following dampened activity from buyers, sellers provided increased concessions, such as temporary rate buydowns or paying closing costs to complete sales, the report noted.

Marketing 370

Marketing Residential Construction Sales 370

Housing Wire

JANUARY 9, 2023

One slice of the single-family home market that has gained traction over the past year in a topsy-turvy housing landscape is the build-for-rent sector — or BFR. The Northmarq report points out that the BFR sector currently accounts for only a small slice of overall home starts, at about 6%.

Marketing 545

Marketing Construction Development Investor 545

Marco Santarelli

SEPTEMBER 8, 2023

Historical Home Sales The market for existing home sales in the United States has witnessed significant fluctuations and trends over the years. Let's delve into the data and trends regarding existing home sales in the U.S. Highs and Lows The highest number of existing home sales in the U.S.

Sales 98

Sales Land Development Marketing 98