The number of homes selling each month has been on the decline for eight straight months. But homes are still selling, even if slowly.
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The conditions for home buyers have been not been ideal. When will they improve?
This last year has been tough for a lot of people, and it goes way beyond the pandemic, as we all know. Here are some things you can be grateful for, even in the middle of chaos.
It's a really big decision.
Mortgage rates have taken a nosedive this week following a better-than-expected monthly inflation reading. Nonetheless, elevated home prices, depressed buyer demand and low builder confidence indicate the housing market has a ways to go before it finds balance. The average 30-year, fixed-rate mortgage plummeted to 6.61% for the week ending November 17, from 7.08% last […]
The rate on 30-year mortgages has topped 7% for the first time in more than 20 years. The sharp rise from about 3% just a year ago is causing …
Mortgage rates have shot back over 7% to the identical record-high mark set in late October, keeping borrowers on the sidelines amid ongoing market fluctuations and recession fears. The average 30-year, fixed-rate mortgage rose to 7.08% for the week ending November 10, according to Freddie Mac. Mortgage rates have made a 13 basis-point jump from […]
The three-bed two-bath midcentury home at 2300 Skyline Drive ticks every box on a familiar list: gray exterior, white interior, subway tile pa…
If you've wanted to buy a home but have been priced out of the housing market, the pendulum between a seller's and a buyer's market may be swinging in your favor.
A home purchase is a big deal. Be sure to make one at the right time.
Much like Central Texas’ housing market, Camille Johnson’s real estate business is on an upward trajectory.
Mortgage rates moved closer to 7% this week amidst a perfect storm of recession fears, stubborn inflation and the hint of more Federal Reserve interest rate hikes, further dampening housing market outlooks for at least the near future. The average 30-year, fixed-rate mortgage inched up to 6.94% the week ending Oct. 20, according to Freddie […]
The housing market in 2021 was one for the record books.
The housing market in 2021 was one for the record books. With prices at historic highs and the number of listings in a deep hole, open houses looked like Black…
Mortgage rates surged close to 7% this week, breaking another record-high not seen in two decades as inflation pressures mount and home shoppers retreat even further from the housing market. The average 30-year, fixed-rate mortgage jumped to 6.92% the week ending Oct. 13, according to Freddie Mac. The most popular mortgage product jumped 26 basis […]
Whether you long to buy your first home or you own one and have considered selling, here's what falling prices could mean for you.
Some would-be home buyers are rooting for a full-on housing market crash because prices have zoomed so far past the point of affordability. Please “crash faster so I might be…
Some would-be home buyers are rooting for a full-on housing market crash because prices have zoomed so far past the point of affordability. Please “crash faster so I might be…
It's important to make the right call.
No one believed that 2022 would be this bad. It’s strange that investors should have such a miserable time two years after the beginning of the Covid-19 pandemic, but we’re living in unusual times. Markets have tanked thanks to four-decade highs in inflation and the Federal Reserve’s hawkish response. No major asset class—stocks, bonds, real […]
Here's what the housing market may have in store.
Rates for home loans jumped to their highest level in nearly 14 years this week as home buyers continue to pull out of the market, causing some sellers to reevaluate their price points. The 30-year, fixed-rate mortgage averaged 5.89% for the week ending September 8, up 23 basis points from 5.66% the previous week, according […]
After two long years of home sellers calling all of the shots, home buyers are eager for the housing market to tilt in their favor. But modest improvements in the…
After two long years of home sellers calling all of the shots, home buyers are eager for the housing market to tilt in their favor. But modest improvements in the…
Q: The very competitive housing market is making it difficult for my daughter (and her partner) to win a bid for purchase. They have been pre-approved for a loan. I have ready cash. What would be the pros and cons of making a short-term loan, including tax implications, so that they can make a cash offer? And, what are the various ways we could go about it? Thank you for sharing your experience and expertise!