Are you looking for better home prices, or even a lower mortgage rate? You might find both in one place: a newly built home. While many buyers are overlooking new construction, it could be your best opportunity in today’s market. Here’s why. There are more brand-new homes available right now than there were even just […]
Why a Newly Built Home Might Be the Move Right Now Read More »
In 1969, The Rolling Stones gifted us their 10th studio album, Let It Bleed. Tucked away as the final track, “You Can’t Always Get What You Want” started life as a B-side to “Honky Tonk Women” before becoming an anthem for an entire generation. Here’s the kicker: this iconic track never actually hit number one.
The Rolling Stones, real estate, and reality checks Read More »
Over the past few years, affordability has been the biggest challenge for homebuyers. Between rapidly rising home prices and higher mortgage rates, many have felt stuck between a rock and a hard place. But, something pretty encouraging is happening. While affordability is still tight, mortgage rates have shown signs of stabilizing in recent months. And
Mortgage Rates Are Stabilizing – How That Helps Today’s Buyers Read More »
The National Association of Realtors (NAR) on Tuesday released a new interactive tool that aims to give members monthly insights into housing affordability, home-price trends and economic indicators at the metro level. The tool, known as the Market Statistics Dashboard, is available exclusively to NAR members. According to the trade group, the dashboard includes localized
NAR unveils dashboard that tracks key housing trends Read More »
Kevin Warsh, a top contender to replace Jerome Powell as chair of the Federal Reserve, is finally ready to cut interest rates. As a governor at the US central bank from 2006 to 2011, Warsh called for higher rates even in the depths of the financial crisis, warning often of impending inflation. That’s a concern
Fed chair contender is now in favor of rate cut, just as Trump wants Read More »
HousingWire Lead Analyst Logan Mohtashami has been tracking the battle between President Trump and Federal Reserve Chairman Jerome Powell over interest rates since the election. Below is an updated list of articles and podcasts on the topic. July What’s Fed Chair Jerome Powell’s next move on rate cuts? July 8Government job growth kills possibility of
President Trump vs. Fed Chair Jerome Powell battle over rates Read More »
Recent updates to secondary-market rules for interested party contributions and incentives mean lenders will have to pay more attention to how they use certain strategies that have become popular in the current market. The updates, which generally are in effect now and become mandatory in early September, add additional precision in some cases and more
Fannie, Freddie change rules for contributions, incentives Read More »
Housing inventory decreased last week, while purchase application data grew 25% year-over-year! What is happening in the housing market? In the two weeks leading up to the July 4th holiday week, our weekly Housing Market Tracker showed that housing data was stabilizing as mortgage rates approached their lowest levels of the year. However, with July
Housing inventory actually fell last week. What is going on? Read More »
Despite speculation following the Federal Open Market Committee’s June meeting that a rate cut could come as early as this month, most economists still expect the central bank to hold off until September or later. Only one respondent in Wolters Kluwer’s Blue Chip Economic Indicators survey, conducted July 7 and 8, after the stronger-than-expected June
No Fed cut in July, nearly all economists surveyed say Read More »
“Marry the house, date the rate” is a phrase that was popularized during the post-pandemic era of rising mortgage rates. Lenders urged borrowers to focus on finding a house they were head over heels with and worry about their interest rate down the line. Borrowers who were accustomed to rates hovering near 3% didn’t realize
‘Dating the rate’ misled borrowers. Now they’re financially strained Read More »