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Instant Reaction: Mortgage Rates, December 1, 2022 The rate on a 30-year fixed mortgage fell to 6.49% from 6.58% the previous week, dropping the median mortgage payment by $140 in the last three weeks. By: Nadia Evangelou Mortgage Financing Powered by WPeMatico
Instant Reaction: Jobs, December 2, 2022 Even with the increasing number of layoffs in some industries, the overall job market remains strong. By: Lawrence Yun Powered by WPeMatico
October Pending Home Sales Down; Qualifying Harder October 2022's pending home sales pace weakened by 4.6% last month and fell 37.0% from a year ago. By: Michael Hyman Powered by WPeMatico
Outsmart Jack Frost: Tending to the Trees for Winter Follow these five tips to prepare your property’s trees for the cooler months ahead. Powered by WPeMatico
Existing-Home Sales Decline 5.9% in October 2022 October’s existing home sales reached a 4.43 million seasonally adjusted annual rate, declining 28.4% from October 2021. By: Michael Hyman Powered by WPeMatico
How a Home's Age Influences Owners' Renovation Plans A new study identifies the improvement projects homeowners prioritize based on how old their home is. By: Melissa Dittmann Tracey Powered by WPeMatico
Single-Family Home Prices Up in 98% of 185 Metro Areas Forty-six percent of the metro markets posted double-digit annual price appreciation in Q3 2022 compared to 80% in Q2. By: Michael Hyman Powered by WPeMatico
Mortgage Rates Rise; Housing Affordability Weakens Housing affordability fell in September 2022 compared to August, with the monthly mortgage payment up 8.0% and the median family income rising 0.6%. By: Michael Hyman Powered by WPeMatico
Instant Reaction: Mortgage Rates, November 17, 2022 The 30-year fixed mortgage rate fell to 6.61% from 7.08% the previous week. As a result, owning a home is 5% less expensive than it was a week ago. By: Nadia Evangelou Mortgage Financing Powered by WPeMatico
Instant Reaction: Housing Starts, November 17, 2022 Housing starts in October 2022 fell to 1.425 million annualized units, implying we may face shortage conditions. By: Lawrence Yun Powered by WPeMatico