Mortgages
Home prices cooled in July at the fastest rate in the history of S&P Case-Shiller Index
A ‘for sale’ sign is displayed outside a single family home on September 22, 2022 in Los Angeles, California. Allison Dinner | Getty Images U.S. home prices cooled in July at the fastest rate in the history of the S&P CoreLogic Case-Shiller Index, according to a report released Tuesday. Home prices in July were still […]
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Uk loan providers halt mortgage promotions to consumers after market chaos
The British bond and forex markets have been in turmoil due to the fact Finance Minister Kwasi Kwarteng declared his “mini-price range” on Friday. Oli Scarff | Getty Photos News | Getty Photos LONDON – U.K. loan providers Virgin Funds, Halifax and Skipton Building Modern society pulled some of their mortgage promotions to customers after […]
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Present household sales slide in August, and prices soften substantially
Profits of previously owned households fell .4% in August from July to a seasonally adjusted annualized charge of 4.80 million models, according to the Countrywide Association of Realtors. That is the slowest product sales pace considering the fact that June 2020, when activity stalled quite briefly thanks to the get started of the pandemic. Outside […]
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Single-family rent increases cool for the third straight month
A ‘For Rent’ sign is posted near a home on February 07, 2022 in Houston, Texas. Brandon Bell | Getty Images Rents for single-family homes were 12.6% higher in July compared with the year-earlier month, but the gains continue to shrink from the record high seen in April, according to a new report from CoreLogic. […]
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More homebuilders lower prices as sentiment falls for ninth straight month
A worker walks on the roof of a new home under construction in Carlsbad, California. Mike Blake | Reuters More builders are lowering prices for homes as their confidence in the market continues to tumble. Homebuilder sentiment in September fell three points to 46 on the National Association of Home Builders/Wells Fargo Housing Market Index. […]
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Mortgage demand from homebuyers falls 29% since last year, as interest rates surge past 6%
Mortgage demand appears to have nowhere to go but down, as interest rates go up. Application volume dropped 1.2% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The week’s results include an adjustment for the observance of Labor Day. Since last year, homebuyers’ demand for mortgages has […]
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Confused about the housing market? Here’s what’s happening now – and what could happen next
The slowdown in the otherwise red-hot housing boom has been stunningly swift. The U.S. housing market surged during the pandemic as homebound people sought new places to live, boosted by record-low interest rates. Now, real estate agents who once reported lines of buyers outside open houses and bidding wars on the back deck say homes […]
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Homeowners lose wealth as rising interest rates weigh on home values
A “For Sale” sign outside a house in Albany, California, on Tuesday, May 31, 2022. David Paul Morris | Bloomberg | Getty Images Some homeowners are losing wealth as high mortgage rates weigh on home values, at least on paper, as the once red-hot housing market cools quickly. Sales have been slowing down for several […]
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Mortgage demand drops further as interest rates shoot back to June high
GP: Homes for sale Brittany Murray Via Getty Images | Medianews Group | Getty Images In June the average rate on the 30-year fixed shot over 6% briefly, and that was enough to turn the once-hot housing market on its heels. Rates pulled back in July and August, but the damage was already done. Now […]
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One in five home sellers is now dropping their asking price as the housing market cools
Daniel Acker | Bloomberg | Getty Images Home sellers are getting nervous, as the once hot housing market cools fast. One in five sellers in August dropped their asking price, according to Realtor.com. A year ago that share was just 11%. The average home sold for less than its list price for the first time […]
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