The spring homebuying season is off to a sluggish start as home shoppers contend with elevated mortgage rates and rising prices. Sales of previously occupied U.S. homes fell 4.3% in March from the previous month to a seasonally adjusted annual rate of 4.19 million, the National Association of Realtors said Thursday. That’s the first monthly […]
Freddie Mac said home prices will increase 0.5% in 2024 and 2025, after saying last month they will rise 2.5% in 2024 and 2.1% 2025.
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.
Ever since mortgage interest rates jumped in 2022, some Californians have had a strategy: Buy now and, once rates drop, refinance to save hundreds of dollars each month. The idea — pushed by some real estate agents — was supposed to be a trade-off. The buyer could pick up a home in a slower market, and though interest costs would be high, they wouldn’t stay that way. The strategy may still work, but so far, high borrowing costs are here to stay. In recent weeks, rates have climbed higher,...
Grade II-listed cottage in Handsworth is being auctioned next auction
Mortgage interest rates have fallen across a range of products in recent weeks
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...
Tesla reduced its US Model Y, Model S, and Model X prices following a 40% drop in stock prices. Tesla slashed the price of three of its five US models late Friday.
On Monday, Ascendiant Capital adjusted its outlook on Quantum (NASDAQ:QMCO)
On Monday, Ascendiant Capital adjusted its outlook on Quantum (NASDAQ:QMCO)
The possibility that interest rates have peaked and are set to fall has been cited as one reason for the pace of property price rises picking up.
Experts now see the Fed waiting until at least September and are increasingly entertaining the possibility of no cuts at all this year.