Author name: developer

As high mortgage rates continue to hamper homebuyers in the real estate market, the Mortgage Bankers Association (MBA) reports that mortgage applications have fallen to their lowest point since 1996 during the week ending Sept. 8. Even for those buyers who can manage today’s 7% rates, finding available housing remains a significant challenge, according toRead …

MBA Reports Lowest Number of Homebuyers in the Market Since 1996 Read More »

After exceeding the 7% threshold in August, mortgage rates are at their highest point in two decades, and that affordability obstacle is leading to what economists are calling an “inventory crunch.” The total number of U.S. homes for sale fell 7.9% year-over-year in August, as a growing share of would-be sellers decided to stay inRead …

A Look Into What’s Causing the Lack of Housing Inventory Read More »

The S&P CoreLogic Case-Shiller 20-city house-price index increased 0.9% on a monthly basis in June, the fourth straight month of home price gains. Chicago, Cleveland, and New York saw the most significant year-over-year increases, with prices up 4.2%, 4.1%, and 3.4%, respectively. While regional markets in the Northeast continued to see strong demand and risingRead …

These Metros Saw the Largest Home Price Increases in June Read More »

The most recent S&P CoreLogic Case-Shiller Index, released today, drew concern among some of the nation’s leading economists for the past several weeks, particularly those keeping a close eye on the housing market. But while some housing experts feared the report would signal an impending market crash, the reality is more optimistic, according to Realtor.com.Read …

June S&P CoreLogic Case-Shiller Index Reveals Market Strength Read More »