Existing home sales shrank in March as consumers respond to continuing price increases and rising mortgage rates. Sales for existing homes fell 4.3% in March compared to the previous month and 3.7% year-over-year, to an annual rate of 4.19 million, according to a press release from the National Association of Realtors (NAR). The average for a 30-year fixed-rate mortgage reached 7.10% this week, a substantial jump from 6.88% last week, depressing Americans’ desire to switch homes and possibly...
Buyers are highly considering newly built homes amid a shortage of available homes in the U.S. Here's what this means and where prices are standing.
“It seems increasingly likely that mortgage rates are not going to come down anytime soon,” Bright MLS chief economist Lisa Sturtevant said.
The average rate on the popular 30-year fixed mortgage crossed over 7% on April 1, according to Mortgage News Daily, and it just kept going. It now sits right around 7.5%, the highest level since mid-November of last year. Rates hit their highest level in a few decades last October, causing home sales to grind to a halt. Builders jumped to buy down rates for their customers and managed to do better than existing home sellers. Rates then fell through mid-January to the mid-6% range and held there...
The average rate on the popular 30-year fixed mortgage sits around 7.5%, the highest level since mid-November of last year, according to Mortgage News Daily.
Homeowners are facing a hike in monthly payments with some forced to extend mortgage terms or even sell and move
Electric vehicle registrations rose in recent years despite interest rates also rising. Experts caution Canada's transition to EVs could still be challenging.
There are 20% more homes on the market than this time last year, Zoopla says. However, mortgage rate rises are causing some to avoid buying or moving. Supply and demand imbalance could lead to price falls, some experts suggest
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West LA abode has since been renovated and put on the real estate market. Emmy-winning actress died on August 11, 2022 at the age of 53, six days after the crash that left her with injuries that would prove to be fatal. Heche gained notoriety for romance with Ellen DeGeneres from 1997 to 2000
OAKLAND -- Esteury Ruiz was essentially on standby for most of Monday. He arrived to the A’s clubhouse earlier in the afternoon and partook in pregame workouts while the club mulled over whether to place J.D. Davis on the injured list. About 20 minutes before first pitch, Davis landed on
Bonnington Place, from Bancon Homes, it’s a stylish development of 33 luxury homes, with two, three and four bedroom layouts available. Here, just four miles from the city bypass, it creates the perfect blend of accessible location and tranquil haven; It’s hard to believe Scotland’s busiest airport is just a few miles up the road, and the nightlife of Edinburgh is on your doorstep, while your home feels like a little slice of a semi-rural idyll. The brand new Bancon Homes development is at...