Weekly Market Update

Home sales are rising in most major U.S. metros as housing payments sit near their lowest level since January, but they’re falling in coastal Florida as hurricanes hit the southeastern U.S. Mortgage rates rebounded over the weekend; that could soon begin to impact homebuyer demand. Pending U.S. home sales rose 2% from a year earlier […]

Mortgage-rate locks rose 68% from a month earlier in the days after the Fed announced its interest-rate cut, and Redfin’s Homebuyer Demand Index shot up to its highest level since May. Many house hunters had been waiting for the Fed’s cut before locking in a mortgage rate.  News about last week’s interest-rate cut is starting

Monthly housing payments have declined nearly $300 from April’s all-time high. Improving affordability has yet to push up pending sales, but that could change after the Fed cut interest rates for the first time since 2020 this week. The median U.S. housing payment was $2,534 during the four weeks ending September 15, down 2.7% from

Falling mortgage rates have pushed the median U.S. housing payment down near its lowest level since January, but pending home sales have yet to improve. Many would-be buyers are hoping rates fall further, and others are waiting for clarity around the new NAR rules. The median U.S. monthly housing payment was $2,558 during the four

Declining mortgage rates have pushed the median U.S. housing payment down to $2,534, roughly $300 below April’s record high. But many homebuyers are still sitting on the sidelines. Some are hoping mortgage rates will fall further once the Fed cuts interest rates in a few weeks, and others are waiting for clarity about the new