Affordability challenges mean some sellers are reducing asking prices, but demand for homes continues to outpace supply. Source: Inman News
Posts published in “mortgage rates”
Nearly 1 in 5 homesellers dropped their listing price during the four-week period ending May 22, a high watermark unmatched since October 2019, according to…
Rates on 30-year fixed-rate mortgages have dropped 20 basis points in two weeks, the most dramatic decline since April 2020. Source: Inman News
Pending home sales dropped 3.9 percent from March to April, marking the sixth-straight month of declines amidst climbing mortgage rates, according to data released Thursday…
As mortgage rates continued to retreat from 2022 highs set during the first week in May, demand for purchase loans was essentially flat last week. …
As buyers continue to reassess where they want to live and relocate at record rates, affordable, popular destinations can still be found — largely in…
“Large deceleration” in home price appreciation next year could lead to price declines in some regions. Source: Inman News
Mortgage rates are up, and demand for homes is edging down. Redfin Chief Economist Daryl Fairweather laid out a possible scenario of what the months…