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interest-rates
www.nytimes.com
1 day ago
Left-wing politics

High Borrowing Costs Have Some Democrats Urging Biden to Pressure the Fed

Sky-high mortgage rates are affecting American consumers and could impact President Biden's re-election prospects.
President Biden faces pressure to urge the Federal Reserve to cut interest rates to tackle the challenges posed by elevated borrowing costs. [ more ]
www.nytimes.com
2 months ago
US politics

Interest Rate Cuts Could Be a Boon to Biden

The Federal Reserve's decision to cut interest rates could aid President Biden's re-election prospects.
Rate cuts could improve housing affordability and drive down mortgage rates, potentially enticing home buyers and increasing the supply of available homes. [ more ]
www.theguardian.com
10 months ago
UK politics

Sunak, Hunt and homebuyers brace for an economic Big Wednesday

This Wednesday will mark the longest day of the year and not long after the sun comes up the Office for National Statistics (ONS) will publish its latest cost of living bulletin.To say the data is eagerly awaited is an understatement.There is unlikely to be a more significant piece of official data released in the current parliament.
www.independent.co.uk
10 months ago
UK news

Mortgage crunch on track to increase annual household bills by 15.8bn by 2026'

Annual mortgage repayments are set to rise by 2,900 for the average household remortgaging next year, according to a think-tank.As the UK's mortgage crunch deepens, total annual mortgage repayments could rise by 15.8 billion by 2026, the Resolution Foundation said.Stickier-than-expected inflation has raised expectations that the Bank of England's base rate-rising cycle, which started in December 2021, will continue for longer.
www.housingwire.com
10 months ago
Real estate

The Fed is not done with rate hikes, even as the housing industry begs for mercy

Bond yields and rates started to rise as the debt ceiling was getting closer and closer, and we have had such big bond market auctions to deal with that pushed yields higher, even after a tame inflation report, Mohtashami said.Once the bond auctions are done with, the economic data should be impacting the 10-yield Treasury yields, he added.
moreinterest-rates
Data science
www.housingwire.com
1 day ago
Data science

New home sales still growing from 2022 lows

New home sales have been resilient post-2022 crash, driven by low mortgage rates. Will higher rates impact future sales? Builders may need to adjust pricing strategies accordingly. [ more ]
www.housingwire.com
1 day ago
Data science

Experts share insights about the Fed, data vibes' and housing trends

Americans are in a better position than during the financial crisis, Fed unlikely to reduce interest rates soon, focus should be on labor market indicators for potential rate cuts. [ more ]
www.housingwire.com
4 days ago
Data science

Finally, some healthy housing inventory growth

Higher mortgage rates lead to increased housing inventory growth. New listing data is key to maintaining balance in the housing market. [ more ]
www.housingwire.com
6 days ago
Data science

Why are exiting home prices rising when sales are still so low?

Home prices continue to rise despite higher inventory and mortgage rates. [ more ]
www.housingwire.com
1 week ago
Data science

Do housing starts show we're going into a recession?

Housing leads the U.S. economy in and out of recessions, with builders' confidence tied to mortgage rates [ more ]
www.housingwire.com
1 week ago
Data science

Will a wider war in the Middle East push mortgage rates higher or lower?

Mortgage rates rose post-inflation report, potential for further increase due to Middle East conflict. Spreads between 30-year mortgage and 10-year yield improving may mitigate effects. [ more ]
moreData science
Boston
Boston Condos For Sale Ford Realty
4 days ago
Boston

Forget Interest Cuts, Some Talk About Hitting 8% Boston Condos For Sale Ford Realty

Higher mortgage rates above 7% limit affordability for new homebuyers. [ more ]
www.bostonreb.com
6 days ago
Boston

Farewell, American Dream?

First-time homebuyers in Boston facing challenges due to rising mortgage rates and condo prices. [ more ]
Boston Condos For Sale Ford Realty
1 week ago
Boston

Monthly Mortgage Payments Hit An All Time High Boston Condos For Sale Ford Realty

Monthly mortgage payments reached an all-time high of $2,747, primarily due to increasing home prices and continued high mortgage rates. [ more ]
Boston Condos For Sale Ford Realty
3 weeks ago
Boston

Editorial Note Boston Condos For Sale Ford Realty

Lowering mortgage interest rates may not solve housing affordability issues.
Low fixed mortgage rates lead to reduced motivation to sell properties. [ more ]
Boston Condos For Sale Ford Realty
3 months ago
Boston

Lower Mortgage Rates Make Boston Condos For Sale More Affordable Boston Condos For Sale Ford Realty

Mortgage rates for 30-year fixed mortgages in Boston have come down significantly and are currently under 7%.
The decline in mortgage rates improves housing affordability and allows buyers to afford larger loan amounts. [ more ]
Boston Condos For Sale Ford Realty
4 months ago
Boston

How Much Do I Need For A Downpayment On A Boston Condo? Boston Condos For Sale Ford Realty

The idea of needing a large down payment of 20% for buying a Boston condo is a common myth.
The median down payment for first-time buyers in 2020 was 7%, lower than the 20% misconception. [ more ]
moreBoston
California
Sacramento Bee
1 week ago
California

$247K for a house in California? $2.1M? See latest list of cheapest and priciest counties

Home prices in California are on the rise with the median sold price of existing single-family homes increasing by 6% from February. [ more ]
Sacramento Bee
2 months ago
California

Where are the cheapest - and most expensive - homes in California? Here's latest list

California's existing single-family home median price decreased by almost 4% in January but was still 5% higher than last year.
Home sales in California rebounded in January to the highest level in six months due to a significant drop in mortgage rates. [ more ]
Los Angeles Times
4 months ago
California

Southern California home prices fell last month. Don't expect them to plunge

Southern California home prices declined 0.1% in November, the first drop in nine months.
The small declines are attributed to fall being a slower time for home sales and buyers struggling with high prices and mortgage rates. [ more ]
moreCalifornia
affordability
New York Post
1 week ago
NYC real estate

Single-family new home construction plunges in huge housing market setback

Homebuilding dropped due to high mortgage rates and low supply, impacting housing recovery and affordability. [ more ]
SFGATE
3 weeks ago
SF real estate

Pending Home Sales Surge in the Midwest, but Slump in Pricier Regions

Pending home sales rose 1.6% nationally in February.
Midwest and South saw monthly gains, while Northeast and West had slumps. [ more ]
SFGATE
3 weeks ago
SF real estate

New-Home Prices Fall to Lowest Level in 3 Years as Builders Appeal To Buyers Amid High Mortgage Rates

Newly built home prices dropped 7.6% year-over-year to attract buyers amidst higher mortgage rates.
Despite a slight dip in new-home sales due to higher mortgage rates in February, sales are up annually and comprise a larger market share post-COVID. [ more ]
www.nytimes.com
1 month ago
NYC real estate

Can't Move? Renovate, if You Can Afford It.

Homeowners are staying put due to lower monthly payments from pre-increase mortgage rates.
Renovating may be a better option in expensive markets like Chicago while more affordable in Southern cities like San Antonio. [ more ]
SFGATE
2 months ago
SF real estate

Mortgage Rates Are Finally Falling: See How Much Homebuyers Can Save on a House Right Now

Mortgage rates have dropped over a full percentage point from their recent peak, making the cost of buying a home more affordable.
Homebuyers could save about $366 every month due to the lower mortgage rates. [ more ]
SFGATE
2 months ago
SF real estate

New-Home Sales Jump as Buyers Snag Lower Mortgage Rates

New home sales in December increased by 8% compared to the previous month and rose 4.4% year over year.
The rise in sales was driven by lower mortgage rates and the lack of existing homes for sale. [ more ]
moreaffordability
inflation
SFGATE
1 week ago
SF real estate

Mortgage Rates Rise, but Home Sellers Gear Up To Sell Anyway as Listing Growth Hits 3-Year High

Mortgage rates have risen to 6.88%, impacting spring homebuyers and sellers. [ more ]
Sacramento Bee
1 month ago
California

Will the Fed cut interest rates at its meeting on Wednesday? Here's what to expect

California consumers may not see significant decreases in interest rates soon.
Mortgage rates are expected to stay high due to sticky inflation. [ more ]
SFGATE
1 month ago
SF real estate

Mortgage Rates Could Top 7% This Spring as Inflation Ticks Up

Inflation rose to 3.2% year over year for the third consecutive month, exceeding the Federal Reserve's 2% target.
Higher inflation may lead to the Fed maintaining higher interest rates for an extended period, impacting mortgage rates and the housing market. [ more ]
SFGATE
1 month ago
SF real estate

What Will the Housing Market Look Like Once Mortgage Interest Rates Drop? Here's What Homebuyers Can Expect

Mortgage rates hit a 23-year high in October at 7.79% for a 30-year fixed loan.
Experts predict that mortgage rates will slowly decrease but not drastically. [ more ]
www.independent.co.uk
2 months ago
Canada news

Inflation expected to rise for second month in blow to Rishi Sunak live

Economists expect inflation to have risen for the second month in a row, with Consumer Prices Index inflation estimated at 4.2 percent in January.
The rise in inflation could impact the Bank of England's base interest rate and could affect households struggling with higher mortgage rates. [ more ]
www.independent.co.uk
2 months ago
UK news

What's happening to your mortgage as lender hikes rates ahead of inflation statement

Several major lenders have announced increases in mortgage rates after a decline in borrowing costs.
Some lenders have reduced mortgage rates amidst the rate increases by others. [ more ]
moreinflation
therealdeal.com
1 week ago
LA real estate

Cash Buyers Ratchet Up SoCal Home Prices to Record Highs

Home prices in Southern California have hit an all-time high due to wealthy buyers unaffected by high mortgage rates. [ more ]
Los Angeles Times
2 weeks ago
LA real estate

All-cash offers, wealthy buyers push Southern California home prices to a record

Southern California home prices hit record high in March 2022, despite high mortgage rates.
A combination of low inventory, wealth gap, and cash buyers contributes to the unaffordable housing market. [ more ]
therealdeal.com
2 months ago
LA real estate

SoCal Homebuyer Needs $73K Raise to Buy a Typical House

The cost of buying a home in Southern California has increased significantly in the past couple of years, with families needing to earn much higher incomes to qualify for a mortgage.
Affordability rates for buying a home have decreased, with fewer households able to qualify due to rising prices and increased mortgage rates. [ more ]
SFGATE
1 week ago
SF real estate

Biden's Student Loan Relief Plan Could Slash Millions in Interest-and Help (and Hurt) First-Time Homebuyers

Debt relief for student loans may boost housing market by aiding in down payments and increasing purchasing power.
Critics caution that the increased buying power could lead to higher home prices due to limited housing supply. [ more ]
SFGATE
2 weeks ago
SF real estate

Only 4 Housing Markets Have Fully Recovered From the Pandemic-Here's Where They Are

Inventory levels in the housing market are starting to shift post-pandemic, with some cities seeing higher levels than pre-pandemic years.
Factors contributing to the rebound in housing inventory include homeowner decisions prompted by rising mortgage rates and the construction industry's adaptation to pandemic challenges. [ more ]
SFGATE
1 month ago
SF real estate

The Locked-In Mortgage Effect Leaves Homeowners Feeling Bound to Properties by 'Golden Handcuffs'

Low mortgage rates during COVID fueled housing boom led to 'golden handcuffs' issue for homeowners.
Homeowners less likely to sell as mortgage rates rise above locked-in rate, exacerbating housing shortage. [ more ]
SFGATE
1 month ago
SF real estate

Existing-Home Sales Surge in a Positive Sign for This Year's Housing Market

Sales of existing homes surged 9.5% month-over-month, driven by lower mortgage rates.
Home prices rose 5.7% annually to a median of $384,500, marking the eighth consecutive month of increases. [ more ]
SFGATE
1 month ago
SF real estate

As Mortgage Rates Rise, Fresh Real Estate Listings Hit a Near 3-Year High

Mortgage rates rose to 6.87% for a 30-year fixed home loan.
Increased listings in spring may boost housing market despite elevated rates. [ more ]
SFGATE
1 month ago
SF real estate

Mortgage Rates Just Dropped-but the Housing Market Got Even Better News This Week

Mortgage rates dropped to 6.88% after nearing 7%.
Purchase demand rose in response to lower rates, but rates still impede potential homebuyers. [ more ]
Boston Condos For Sale Ford Realty
2 weeks ago
Boston food

Mortgage Loan Activity Jumps ... Mostly Refinances Boston Condos For Sale Ford Realty

Average 30-year fixed-rate mortgage interest rate increased to 7.01%
Refinance applications increased by 10%, while home purchase loans fell by 5%. [ more ]
SFGATE
3 weeks ago
SF real estate

Mortgage Rates Dip to 6.79% as Fresh Listings Flood the Market

Mortgage rates fell to 6.79% for a 30-year fixed loan.
A growth rate of 14.9% in new listings provides more options for homebuyers. [ more ]
SFGATE
3 weeks ago
SF real estate

We Bought a House With an 8% Mortgage and Are OK With It-Here's Why

Buying a home at a high mortgage rate may be okay if the purchase price is low.
Focusing on the home price might be more important than the mortgage rate for some buyers. [ more ]
New York Post
1 month ago
NYC real estate

Woman flabbergasted her mortgage today would be double what she pays: 'I'm super lucky'

Purchasing a home in Brooklyn in 2021 was a stroke of luck due to low mortgage rates and a good deal.
Interest rate fluctuations significantly impact monthly mortgage payments and affordability. [ more ]
Los Angeles Times
1 month ago
Los Angeles

Looking to buy or sell a home this spring? Here's what to expect

Spring is a busy time for buying/selling homes in SoCal, despite pandemic market fluctuations.
Mortgage interest rates are high, impacting both buyers and sellers. [ more ]
www.bostonherald.com
2 months ago
East Bay (California)

Wait, what? Things are looking up for home buyers?

2024 housing market may be more favorable for buyers
Improvement expected in mortgage rates and home availability [ more ]
www.housingwire.com
2 weeks ago
Data science

New mortgage data shows lean times for originators, tight wallets for buyers

Homebuyers paid significantly higher interest rates in 2023 compared to 2022.
Tight housing inventories and record-high home prices were influenced by the increase in mortgage rates. [ more ]
SFGATE
2 weeks ago
SF real estate

U.S. Sees Robust Job Growth-but the Housing Market Could Suffer

Low unemployment rate is positive for the housing market, but it may delay Fed interest rate cuts, keeping mortgage rates higher.
Mortgage rates have decreased but are still higher compared to earlier rates, impacting homebuyers amidst high prices and competition. [ more ]
SFGATE
2 weeks ago
SF real estate

Mortgage Rates Jump Right as Home Prices Drop, Offering Buyers a Mixed Bag

Mortgage rates rose slightly, sparking concerns for homebuyers in the spring housing market.
Despite the rate increase, there are positive signals in the spring market with more options at similar prices compared to last year. [ more ]
SFGATE
1 month ago
SF real estate

Mortgage Rates Just Hit a New High for 2024-Here's Why

Mortgage rates increased to 6.9% for a 30-year fixed home loan, driven by a strong economy.
Despite recent rate hikes, mortgage rates are down from a peak in 2023, but further reductions are uncertain. [ more ]
SFGATE
3 months ago
SF real estate

Are Your Homebuying Tactics Out of Date? The New Rules for Buying a Home in 2024

Mortgage rates are expected to be lower in 2024, making it a better time for homebuyers.
Pent-up demand for homes is expected to increase as mortgage rates decrease. [ more ]
SFGATE
4 months ago
SF real estate

Mortgage Rates Just Dipped Below 7%-and May Go Even Lower. Here's Why.

Mortgage rates have dipped below 7% for the first time since August, providing relief to homebuyers.
The Federal Reserve's expected rate cuts and lower inflation rates may lead to a thawing of the housing market in the new year. [ more ]
SFGATE
4 months ago
SF real estate

Buying a House in 2024: How to Overcome the Challenges

Despite high prices and low inventory, the long-term benefit of buying a house outweighs the current challenges in the real estate market.
Mortgage rates have been on the rise, but economic signals suggest a potential decline in rates in 2024. [ more ]
www.housingwire.com
2 weeks ago
Data science

Housing inventory fell last week, but it won't derail the spring bump

Weekly housing inventory data can fluctuate due to short-term factors like holidays.
Despite recent weekly decreases, year-over-year housing inventory is still growing, showing positive signs for the market.
Spreads between 10-year yield and 30-year mortgage rates improving could indicate a positive trend for the future of the housing market. [ more ]
www.housingwire.com
2 weeks ago
Data science

The labor report gives the Fed a clear pathway to land the plane - HousingWire

Jobs report beat estimates but shows softening labor market, pleasing the Federal Reserve.
Wage growth cooling down, job openings quits rate below pre-COVID-19 levels bode well for soft landing, lower mortgage rates. [ more ]
www.mercurynews.com
3 weeks ago
East Bay (California)

Marin County's median house price edges up to $1.64 million

Median house prices in Marin County rose to $1.64 million with a 7% increase YoY, while Bay Area median price was $1.23 million, up 23% YoY.
Marin County saw a significant increase in active listings by 57.7% between January and February, the highest in the state. [ more ]
www.ocregister.com
1 month ago
East Bay (California)

Southern California leads US home-price surge

Home-price growth in the US accelerated in December, rising 5.5% annually.
San Diego saw the largest year-over-year gain at 8.8%, with Los Angeles-Orange County and Detroit following closely at 8.3%. [ more ]
www.mercurynews.com
2 months ago
East Bay (California)

Dragging Bay Area home sales sink to 15-year low in 2023

Bay Area home sales hit lowest levels since 2008 due to high mortgage rates and low supply.
Sellers hesitated to put their homes on the market, causing a lack of supply despite high demand. [ more ]
www.bostonherald.com
4 months ago
East Bay (California)

The rise of all-cash homebuyers, and what it means for the market

Homeownership is considered a major life goal by 74% of U.S. adults, but it has become more challenging recently.
All-cash home purchases, where buyers pay for the home in full upfront without a mortgage loan, have skyrocketed to their highest levels in nearly a decade. [ more ]
www.mercurynews.com
4 months ago
East Bay (California)

1 in 8 home sellers in this part of the Bay Area is taking a loss

One in eight home sellers in San Francisco and on the Peninsula is now selling at a loss due to rising mortgage rates.
Many sellers are forced to accept less than what they paid for their homes due to job loss, divorce, or other life events.
San Francisco and San Mateo counties have the highest share of sellers selling at a loss compared to any major region in the country. [ more ]
www.ocregister.com
10 months ago
East Bay (California)

California owners lost $59,600 in home equity in a year

California housing's stumble off its pandemic peak means an owner with a mortgage lost $59,600 of equity in the past year.Please do not forget that falling home prices are good news for house hunters.And this stat tracked by CoreLogic is more evidence this year's housing market started with some noteworthy discounting.
www.housingwire.com
3 weeks ago
Data science

Weekly active inventory growth still too slow

Inventory is growing, but still below expectations, with a positive trend in new listings.
Weekly inventory change shows growth from previous year, with historical context provided for comparison. [ more ]
SFGATE
1 month ago
SF real estate

Q4 Data: Home Buyers Chilled by High Prices and Rates

High prices and mortgage rates, low inventory affected home sales in Q4 2023
First-time buyers face unique challenges in housing market [ more ]
SFGATE
1 month ago
SF real estate

Mortgage Rates Just Hit a 2-Month High: Are High Rates the New Normal for Homebuyers?

Mortgage rates rose to 6.94% for the week, potentially impacting spring homebuying season.
Fed's wait-and-see approach contributed to the recent rise in mortgage rates. [ more ]
SFGATE
1 month ago
SF real estate

The Housing Market's Unhappy New Year: Fewer Homes Go Under Contract as Mortgage Rates Rise

Mortgage rates affect home sales
Weather impacts housing market
Regional differences in home sales [ more ]
SFGATE
1 month ago
SF real estate

Home-price growth in the US accelerates as buyer demand picks up

Home-price growth in the US accelerated in December, with a 5.5% rise from a year earlier.
30-year borrowing costs fluctuated, affecting buyer demand and contributing to higher purchase prices. [ more ]
SFGATE
2 months ago
SF real estate

This Is the Magic Mortgage Rate To Rev the Housing Market Back Up

Lower mortgage rates are crucial for reviving the housing market.
Americans believe homeownership is achievable if rates drop below 5%.
Younger buyers are determined to become homeowners despite high rates. [ more ]
www.housingwire.com
2 months ago
Business intelligence

Don't get too excited about the jump in existing home sales

Existing home sales rose 3.1% in January, reflecting positive forward-looking housing data.
Active inventory and monthly supply data remain historically low, with a focus on upcoming changes in inventory levels. [ more ]
www.housingwire.com
2 months ago
Business intelligence

Mortgage Rates Center couples data with insight

The new Mortgage Rates Center on HousingWire provides real-time mortgage rates data and insights for housing professionals.
HousingWire combines data with context to give a nuanced understanding of mortgage rates and market dynamics. [ more ]
Entrepreneur
3 months ago
Business intelligence

34 Cities Where Home Prices Are Predicted to Fall in 2024 | Entrepreneur

Zillow predicts home prices will fall in 34 of the largest US cities from November 2023 to November 2024.
The main issue in the US housing market is a lack of demand, which is starting to push prices down as sellers lower their asking prices. [ more ]
SFGATE
2 months ago
SF real estate

Recession Watch: Would a Downturn Clobber the Housing Market or Make It Affordable Again?

High employment leads to increased home sales.
Skirting recession may keep mortgage rates high, impacting buyers and sellers. [ more ]
New York Post
2 months ago
NYC real estate

'Million Dollar Listing' realtor says Americans should hold off on buying their 'dream home' over high interest rates

Consider postponing buying a dream home due to high mortgage rates
Explore investing in second homes for potential profits [ more ]
SFGATE
2 months ago
SF real estate

Mortgage Rates Just Hit Their Highest Point This Year-and Here's Where They're Likely Heading Next

Mortgage rates rose to 6.77%, highest this year
Fed's strength in January indicates unlikely rate cut in March [ more ]
SFGATE
2 months ago
SF real estate

From Surging Layoffs to a Presidential Election: What Will 2024 Bring for the Housing Market?

The fate of the housing market this year will be influenced by the presidential election, economic uncertainty, and mortgage rates.
Buyer and seller psychology, as well as the direction of the economy and mortgage rates, will determine the affordability and activity in the housing market. [ more ]
SFGATE
2 months ago
SF real estate

Wait, What? Things Are Looking Up for Home Buyers?

2024 is expected to be a better year for home buyers with improvements in mortgage rates, home prices, and availability of homes for sale.
Mortgage rates have already started to drop and are expected to fall further in 2024. Consumers are optimistic about this trend. [ more ]
www.independent.co.uk
2 months ago
UK news

Nationwide hikes mortgage rates as swaps rise

Nationwide is increasing mortgage rates by up to 0.25 percentage points.
The average two-year fixed mortgage rate saw its biggest monthly decrease since December 2022 in February. [ more ]
www.independent.co.uk
3 months ago
UK news

Inflation rates: How will the shock rise affect your money?

Inflation unexpectedly rose to 4 percent in December, despite expectations of a small drop.
Rises in tobacco and alcohol prices were the chief cause of the increase in inflation. [ more ]
www.independent.co.uk
3 months ago
UK news

Number of UK households failing to pay energy bills jumps by 39%

The number of British homes failing to pay energy bills has increased by almost 40% compared to last year.
The failure rate was driven by increases in electricity and gas spending as well as mortgage payments. [ more ]
www.independent.co.uk
3 months ago
UK news

Two major mortgage lenders announce very significant' rate cuts

Barclays and Santander have announced significant mortgage rate cuts, following similar moves by HSBC and Halifax.
Barclays is launching a two-year fixed mortgage at 4.17% for new homebuyers, while Santander is cutting rates on several mortgage deals. [ more ]
www.independent.co.uk
10 months ago
UK news

What the papers say June 17

Former prime minister Boris Johnson once again dominates the front pages across the UK as the fallout from partygate continues.The Daily Mirror continues its focus on Mr Johnson, telling the former PM to take note after the King's Birthday Honours list was announced.The Independent reveals an eyewitness account of Mr Johnson's boozing, bragging and blatant rule-breaking.
SFGATE
2 months ago
SF real estate

On the House: What Is an Assumable Mortgage and How Much Money Can It Save Homebuyers?

Assumable mortgages are original loans taken out by sellers when they purchased their homes, which new buyers can then assume.
Only FHA, USDA, and VA loans are eligible to be assumed, and buyers still need to have high enough credit scores and low enough debt to qualify for these loans. [ more ]
SFGATE
2 months ago
SF real estate

6 Reasons Why It Makes Sense To Sell a Home Right Now-Before the Spring Rush

Mortgage rates are falling
Housing inventory is still low [ more ]
SFGATE
2 months ago
SF real estate

The Housing Market's 'Affordability Picture' May Finally Be Coming Into Focus

Mortgage rates have been fluctuating in the mid-6% range, down from the high 7% range last year.
The number of homes for sale has increased by 10.1% year over year, leading to a burst of activity in the housing market. [ more ]
time.com
2 months ago
Business

Is It Finally Time to Buy a House?

Mortgage rates are higher than they've been for over a decade, making it difficult for buyers to afford homes.
The housing market is not expected to improve for buyers anytime soon, despite potential dips in mortgage rates. [ more ]
Boston Condos For Sale Ford Realty
4 months ago
Business

Where Is Our Economy Headed? Boston Condos For Sale Ford Realty

The economy is expected to have a strong 2007, leading to pressure on mortgage loan interest rates.
High demand and low supply of high-quality bonds are keeping mortgage loan rates lower than they might be otherwise. [ more ]
SFGATE
2 months ago
SF real estate

'We're at a Turning Point': Is the Housing Market Finally Thawing-or Is Another Deep Freeze To Come?

Mortgage rates have decreased, leading to an increase in home sales.
The housing market is showing signs of improvement, but it will take time to fully recover. [ more ]
SFGATE
2 months ago
SF real estate

The Housing Market Just Showed a Sudden, Miraculous 'Return to Normal'-Take a Look

The housing market is showing signs of returning to normal with slowing median listing price growth, growing inventory of homes for sale, and falling mortgage rates.
Mortgage rates remain within a narrow range and the Fed is expected to cut rates this year, putting pressure on mortgage rates to fall. [ more ]
SFGATE
2 months ago
SF real estate

Know the New Rules of Selling a Home in 2024 (If You Want Your House To Fly Off the Market)

Mortgage rates are subsiding and house hunters are returning, creating pent-up demand.
Buyers are becoming more competitive, leading to multiple offers and bidding wars. [ more ]
SFGATE
2 months ago
SF real estate

Pending home sales rose 8.3 percent in December as mortgage rates softened

Pending home sales increased 8.3% in December as home buyers took advantage of lower mortgage rates.
The Midwest, South, and West saw gains in home buying activity, while the Northeast declined compared to the previous year. [ more ]
SFGATE
2 months ago
SF real estate

US new-home sales exceed forecast on drop in mortgage rates

Sales of new homes in the US exceeded forecasts in December due to lower mortgage rates.
The median sales price of a new home dropped in December as more homes became available for sale. [ more ]
Chicago Tribune
3 months ago
Chicago

Chicago home sales dropped more than 20% last year. Industry experts are optimistic for a better market in 2024.

After a slow year in 2023, experts are optimistic for the 2024 residential real estate market.
Mortgage rates have decreased, leading to increased activity in the real estate market. [ more ]
SFGATE
3 months ago
SF real estate

Mortgage Rates Just Hit a Nearly 8-Month Low: Should Homebuyers Shop Now Rather Than Wait Until Spring?

Mortgage rates for a 30-year fixed-rate home loan have reached their lowest level since last spring, which is encouraging for the housing market and first-time homebuyers.
Winter might be a good time to buy a home as there is a fresh wave of new listings and an uptick in inventory due to hesitant buyers and sellers making their move ahead of the spring.
The main engine that drives the housing market is mortgage rates, and when rates drop, the market becomes more affordable and encourages buyers to re-enter the market. [ more ]
SFGATE
3 months ago
SF real estate

The Housing Market Just 'Burst'-in the Very Best Way Imaginable

Homebuyers saw an increase in real estate listings in December, following a 17-month decline in inventory.
New listings were up 9.1%, indicating a burst of fresh inventory for buyers. [ more ]
www.independent.co.uk
3 months ago
Canada news

Two major mortgage lenders announce very significant' rate cuts

Barclays and Santander have announced significant mortgage rate cuts, following similar moves by HSBC and Halifax.
Barclays is launching a two-year fixed mortgage at 4.17% for new homebuyers, while Santander is cutting rates on several mortgage deals. [ more ]
www.independent.co.uk
3 months ago
Canada news

Two major mortgage lenders announce very significant' rate cuts

Barclays and Santander have announced significant mortgage rate cuts, following similar moves by HSBC and Halifax.
Barclays is launching a two-year fixed mortgage at 4.17% for new homebuyers, while Santander is cutting rates on several mortgage deals. [ more ]
www.fastcompany.com
4 months ago
Artificial intelligence

Today's top business headlines: Cruise layoffs, Grok's plagiarism allegations, and Pope Francis' pitch for an AI treaty

Grok, Elon Musk's new chatbot, is accused of plagiarism by allegedly sourcing knowledge from ChatGPT.
Elon Musk plans to launch a new university in Austin, despite criticism of focusing on new ventures.
Mortgage rates dropped after Fed Chair Jerome Powell's press conference, with potential implications for 2024 rates. [ more ]
Los Angeles Times
4 months ago
Los Angeles

Southern California home prices fell last month. Don't expect them to plunge

Southern California home prices declined 0.1% in November, the first drop in nine months.
The small declines are attributed to fall being a slower time for home sales and buyers struggling with high prices and mortgage rates. [ more ]
Los Angeles Times
4 months ago
Los Angeles

Southern California home prices fell last month. Don't expect them to plunge

Southern California home prices declined 0.1% in November, the first drop in nine months.
The small declines are attributed to fall being a slower time for home sales and buyers struggling with high prices and mortgage rates. [ more ]
SFGATE
4 months ago
SF real estate

Mortgage Rates Just Dropped to Near 7%-but You'd Better Hurry Up

Mortgage rates have dropped for the sixth week in a row, reaching 7.03% for a 30-year fixed home loan.
This drop in mortgage rates may bring more buyers into the market, potentially increasing housing competition and pushing up prices. [ more ]
SFGATE
4 months ago
SF real estate

Hark, New Home Listings Have Finally Arrived-at Lower Mortgage Rates, Too

Mortgage rates for a 30-year fixed home loan have dipped to an average of 7.22%.
New real estate listings are hitting the market, with an 8.9% increase compared to the previous year. [ more ]
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