Category: Economy

Mortgage demand experienced a notable surge, reaching the highest level in five weeks, following a decline in interest rates. The Mortgage Bankers Association's seasonally adjusted index reported a 2.8% increase in demand, marking the second consecutive week of gains. After …Read more  »

The California housing market is facing a significant challenge as housing affordability hits a 16-year low in the third quarter of 2023. This decline is attributed to soaring interest rates, reaching a two-decade high, and a continuous rise in home …Read more  »

In a significant turn of events, the 30-year mortgage rate in the United States has experienced its most substantial drop in nearly 16 months. This surprising development comes on the heels of a Treasury market rally, which led to a …Read more  »

Americans seeking to secure mortgages for their homes are now grappling with the highest mortgage rates in over two decades. The average interest rate for a standard 30-year fixed-rate home loan has surged to 8% for the first time since …Read more  »

In a significant development for the Florida housing market, Fischer Homes, a well-established builder from Kentucky, is making its mark in the Northwest Florida region with the acquisition of Samuel Taylor Homes. This strategic move not only adds another player …Read more  »

US home values are on the rise in 2023, avoiding a houing market crash that many economists had predicted. The housing market remained strong throughout the year, despite rising interest rates and inflation. There are a number of factors that …Read more  »

California Association of Realtors (C.A.R.) recently published a comprehensive report providing insights into the current state of the California housing market amidst persistently high mortgage rates. The data paints a nuanced picture of the market, presenting both challenges and opportunities …Read more  »

If you are a Canadian homeowner, borrower, saver, or investor, you might be wondering what the Bank of Canada (BoC) will do with its policy interest rate in October 2023. The BoC is the central bank of Canada and it …Read more  »

A Ray of Hope in the South Florida Housing Market In a housing market plagued by rapidly rising prices and interest rates, the dream of owning a home in Southwest Florida seemed increasingly out of reach for many. Recent reports …Read more  »