Nationwide, home prices increased in August by 1% compared to July. According the latest Federal Housing Finance Agency House Price Index (FHFA HPI®), year-over-year, home prices increased 18.5%. “Annual house price gains remained extremely high in August but the pace of month-over-month gains continues to decelerate,” said Dr. Lynn Fisher, FHFA’s deputy director of the Division of […]
The 30-year fixed-rate mortgage (FRM) averaged 3.05%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac. This marks a peak in rates not seen since April.Mortgage details:– 30-year fixed-rate mortgage averaged 3.05% with an average 0.7 point for the week ending Oct. 14, 2021, up from last week when it averaged 2.99%. Last year, the 30-year […]
Fall buyers this year will have more supply to choose from, with inventory reaching a 2021 peak of 646,053 for-sale homes in September. According to the realtor.com® Monthly Housing Report, almost one-third of the 50 largest metros saw increases in newly listed homes compared to last year. New listings were up more than 10% YoY in […]
Existing-home sales backed up in August, after two consecutive months of increases, according to the National Association of REALTORS® (NAR). Each of the four major U.S. regions experienced declines on both a MoM and YoY basis. Total existing-home sales decreased by 2.0% from July to a seasonally adjusted annual rate of 5.88 million in August. […]
The real estate industry is unlike any other, exemplified through the market’s resilience during this pandemic while the overall economy was hit hard. However, much of real estate hinges on overall recovery, and there are several economic factors you’ll want to keep an eye on: The Delta VariantConcerns over COVID-19 variants, particularly the highly infectious […]
When you want a new home, the last thing you want is for the process to drag on for months. While you could spend hours online, you will get much better results by working with a REALTOR® who knows the local area, what type of home you are looking for and how much you’re willing […]
With the real estate market experiencing surging prices, scant inventories and a backlog of new home construction, many consumers are wondering if what’s gone up must come back down—in other words, are we headed for another housing market crash? Let’s take a closer look. Think Back to the Great RecessionThe unforeseen housing market crash 15 […]
With the real estate market experiencing surging prices, scant inventories and a backlog of new home construction, many consumers are wondering if what’s gone up must come back down—in other words, are we headed for another housing market crash? Let’s take a closer look. Think Back to the Great RecessionThe unforeseen housing market crash 15 […]
Jameson Doris Among all the uncertainties that the past 14 months has brought to the U.S. housing market, one of the few things that has remained constant is the value that home improvement projects add to a home. Exterior home improvement projects, in particular, took center stage in 2021, according to Remodeling magazine’s Cost vs. Value […]
By Jordan Grice A buzzing housing market appears to have been a precursor to the nation’s post-pandemic bounceback, and real estate experts don’t see an end in sight as the economy recovers. “What an amazing year for real estate, but…it’s been a difficult year on many fronts…fortunately, it looks like we are very close to […]