Housing Market News
Market Jitters Drive Mortgage Rates Up, Sending Some Would-Be Homebuyers to the Sidelines
Higher housing costs, along with economic uncertainty that comes with the Iran war, are causing some house hunters to think twice. The weekly average mortgage
Mortgage Rates Jump Back Above 6% As Pending Home Sales, New Listings Post Small Improvements
A Redfin agent in Austin said the upside of higher mortgage rates is that they decrease competition, allowing house hunters to negotiate prices down and
More Sellers Test the Market, Hoping For a Spring Surge in Homebuyers
After several months of declines, new listings are posting a small improvement. Sellers are betting on mortgage rates that are closer to 6% than 7%
House Hunters Stayed on Sidelines As Rates Dipped Below 6%, Iran War Adds to Market Uncertainty
High prices and economic uncertainty kept demand muted; now, rates are already rising again and global tensions could add to homebuyer hesitation. The median monthly
Homebuying Affordability Improves As Mortgage Rates Fall to Lowest Level in Over 3 Years
Lower rates haven’t yet brought homebuyers off the sidelines, but hope is in the air as we approach spring. The weekly average mortgage rate has
Pending U.S. Home Sales Fall 6% As Would-Be Buyers Sit Out Slow Winter Market
The typical home is taking 67 days to go under contract, the longest span in seven years. U.S pending home sales fell 5.8% from a
