Housing
November pending home sales were unchanged, despite a sharp drop in mortgage rates
Pending home sales in November were unchanged compared with October and 5.2% lower than November of last year, according to the National Association of Realtors. The reading, which is based on signed contracts during the month, is a forward-looking indicator of closed sales as well as the most current look at what potential homebuyers are […]
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October home prices post biggest gain of 2023, despite higher mortgage rates, says S&P Case-Shiller
SAN ANSELMO, CALIFORNIA – NOVEMBER 30: A “sale pending” sign is posted in front of a home for sale on November 30, 2023 in San Anselmo, California. According to a report by the National Association of Realtors, pending home sales fell 1.5 percent in October to their lowest level in 20 years. (Photo by Justin […]
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Mortgage refinance demand jumps 19% after rates hit lowest level since July
An aerial view of existing homes near new homes under construction (UPPER R) in the Chatsworth neighborhood on September 08, 2023 in Los Angeles, California. Mario Tama | Getty Images Homeowners looking to refinance are finding savings after mortgage rates dropped again last week. The average contract interest rate for 30-year fixed-rate mortgages with conforming […]
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Want to buy residence in the British isles? Now could be the appropriate time, professionals say
Luxurious attributes in the Kensington and Chelsea district of London, British isles, on Monday, Aug. 21, 2023. Jason Alden | Bloomberg | Getty Pictures The U.K. home current market has been a rollercoaster for renters and possible householders alike for more than a 12 months now. Rents soared through 2022 and 2023 as supply and […]
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Acquiring residence in Asia? Authentic estate professionals give their financial commitment recommendations
Hong Kong household price ranges could tumble by one more 10% in 2024, in accordance to DBS Hong Kong. Bloomberg | Bloomberg | Getty Photos Hong Kong’s property market place has plunged just about 20% because its peak, and it may perhaps be a fantastic time for homeowners to acquire — but traders could want […]
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2023 was the least affordable homebuying year in at least 11 years, Redfin says
A Redfin sign in front of a home for sale in Atlanta on Nov. 10, 2022. Elijah Nouvelage | Bloomberg | Getty Images This year was the least affordable year for homebuying in at least in the past 11 years, according to a Thursday report from real estate company Redfin. In 2023, someone making the […]
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Mortgage refinance demand jumps 14% as rates fall to lowest point since August
Homes in Hercules, California, US. Bloomberg | Bloomberg | Getty Images After surging over 8% in October, mortgage rates are falling back toward 7% again, and that is jumpstarting the refinance market. Last week, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 7.17% from 7.37%, […]
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Pending home sales drop to a record low, even worse than during the financial crisis
Pending home sales, a measure of signed contracts on existing homes, dropped 1.5% in October from September. They hit the lowest level since the National Association of Realtors began tracking this metric in 2001, meaning it’s even worse than readings during the financial crisis over a decade ago. Sales were down 8.5% from October of […]
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Home prices kept rising even as mortgage rates surged, S&P Case-Shiller says
A townhouse for sale in the Upper East Side neighborhood of NYC. Adam Jeffery | CNBC Higher mortgage rates appear to be doing very little to cool home prices. Nationally, prices were 3.9% higher in September compared with the same month a year earlier, up from a 2.5% annual gain in August, according to the […]
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Mortgage loan demand from customers jumps to 6-week substantial as desire prices continue to fall
An “Open Residence” indication is shown in the front yard of a residence for sale in Columbus, Ohio, U.S. Bloomberg | Bloomberg | Getty Photographs Mortgage need is lastly crawling out of the basement as curiosity fees go on to transfer reduce. Whole software volume elevated 3% final week from the prior week, in accordance […]
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