Weekly Market Update

Even though mortgage rates are sitting near their lowest level in a year, house hunters are spooked by stubbornly high home prices and jitters about a possible recession and the government shutdown.  New listings of U.S. homes for sale rose 4.1% year over year during the four weeks ending October 12, the biggest increase in […]

Pending home sales are declining, with some house hunters waiting for mortgage rates to drop lower and some feeling jittery about the economy. New listings of U.S. homes for sale rose 2.3% year over year during the four weeks ending October 5, the biggest increase in over three months. Some sellers listed their homes in

Pending U.S. home sales fell 1% year over year as mortgage rates ticked up after nine straight weeks of declines. Some would-be buyers are hesitant due to economic uncertainty, including jitters about potential layoffs and the government shutdown. Pending U.S. home sales fell roughly 1% from a year earlier during the four weeks ending September

The weekly average mortgage rate dropped for the ninth straight week, dipping to an 11-month low. But would-be buyers are hesitant because prices are high, the economy is uncertain and new listings are dwindling.  The weekly average mortgage rate has fallen to 6.26%, the lowest level in nearly a year and down from roughly 6.8%

Pending home sales are up just 0.8% from a year ago, with many house hunters hoping rates will drop substantially more. But if that were to happen, sellers would regain the upper hand and home prices would likely rise more.  The median U.S. home-sale price rose 2.2% year over year during the four weeks ending

Pending home sales are up 1% from a year ago, and new listings are stagnant. Redfin agents say some house hunters are staying on the sidelines because they want mortgage rates to drop more significantly before jumping in. The daily average mortgage rate declined to an 11-month low of 6.28% this week, upping homebuyers’ purchasing