Instant Reaction: Jobs, May 3, 2024
Instant Reaction: Jobs, May 3, 2024 News of some cooling in the labor market could mean the topping-out of mortgage rates this week before more sustained declines through 2024. By: Lawre...
Instant Reaction: Mortgage Rates, May 2, 2024
Instant Reaction: Mortgage Rates, May 2, 2024 At 7.22%, the 30-year mortgage interest rate has hit its highest point since November 2023; rates are unlikely to move down soon. By: Jessic...
REALTORS® Continue Giving Back, Despite Market Headwinds
REALTORS® Continue Giving Back Despite Market Headwinds Despite market challenges like low inventory, higher mortgage rates, and low annual sales, REALTORS® remain committed to helping th...
Real Estate's Impact on the Economy by the Numbers: A State-by-State Analysis
Real Estate's Impact on State Economies by the Numbers The housing sector is a significant contributor to gross domestic product (GDP) through construction, home sales, and renovations....
Navigating the Housing Market: A Seasonal Perspective
Navigating the Housing Market: A Seasonal Perspective Seasonality refers to predictable changes in data that correlate with certain times of the year; understanding it will help us anticipa...
Instant Reaction: Mortgage Rates, April 25, 2024
Instant Reaction: Mortgage Rates, April 25, 2024 Mortgage interest rates for the week sit at an average of 7.17%, and may show little dramatic downward movement any time soon. By: Jessic...
Housing Affordability Weakened in February 2024
Housing Affordability Weakened in February 2024 Housing affordability fell nationally in February 2024, the monthly mortgage payment decreased 3%, and the median single-family home price fe...
Instant Reaction: Mortgage Rates, April 18, 2024
Instant Reaction: Mortgage Rates, April 18, 2024 Mortgage interest rates rose to 7.1% this week; despite higher mortgage rates, mortgage applications increased. By: Jessica Lautz Mortg...
Pending Sales in March 2024 Increase by 3.4% from February
Pending Sales in March 2024 Up 3.4% from February In March 2024, pending home sales rose 3.4% from last month and increased modestly (0.1%) from a year ago. By: Michael Hyman...