Category: Economy

The 2023 housing market predictions by Fannie Mae provide a glimpse into a market navigating through challenging waters. Despite the hurdles posed by soaring mortgage rates, the housing market has demonstrated resilience. However, caution is essential as we move into …Read more  »

The housing market is experiencing a significant slowdown, with economists predicting that 2023 will be the slowest year for home sales since the 2008 housing bubble burst. According to a recent report by Fox Business, the housing market is facing …Read more  »

In a surprising turn of events, housing prices have experienced a remarkable surge of 6.6% since January, defying the odds posed by escalating mortgage rates. This upward trajectory, highlighted by the S&P CoreLogic Case-Shiller Index, reveals a robust 3.9% increase …Read more  »

The housing market in 2023 is facing a perfect storm of challenges that is sending shockwaves throughout the industry. Housing prices have been soaring, supply is painfully tight, and to add to the chaos, the 30-year fixed mortgage rate has …Read more  »

Despite facing its 19th consecutive month of year-over-year declines in home sales, Houston's housing market exhibited resilience in October 2023, marking the smallest dip of the year. The Houston Association of Realtors reported that single-family home sales, totaling 6,377, experienced …Read more  »

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  »