Signage is seen at The Collection at Morristown, a housing development by Lennar Corporation, in Morristown, New Jersey, November 13, 2021.Andrew Kelly | ReutersMortgage rates last week rose for the sixth straight week, causing demand for home loans to drop to the lowest level since 1995.Total application volume fell...
A contractor works on a new home under construction in Tucson, Arizona, on Tuesday, Feb. 22, 2022.Rebecca Noble | Bloomberg | Getty ImagesBuilder confidence in the market for single-family homes dropped to the lowest level since January, as builders contend with a market dominated by high mortgage rates and...
A house for sale in Arlington, Virginia, in July of 2023.Saul Loeb | AFP | Getty ImagesThe average rate on the 30-year fixed mortgage rose to the highest level since 2000 last week, but rates on adjustable-rate mortgages fell. That caused a run on these so-called ARMs, pushing total...
A house is for sale in Arlington, Virginia, July 13, 2023.Saul Loeb | AFP | Getty ImagesMortgage rates just continue to climb higher, taking a particularly big leap last week. As a result, total mortgage demand fell 6% compared with the previous week, according to the Mortgage Bankers Association's...
Ryan Ratliff (C), Real Estate Sales Associate with Re/Max Advance Realty, shows Ryan Paredes (L) and Ariadna Paredes a home for sale on April 20, 2023 in Cutler Bay, Florida.Joe Raedle | Getty ImagesThe average rate on the popular 30-year fixed mortgage rose to 7.72% on Tuesday, according...
Ryan Ratliff (L), Real Estate Sales Associate with Re/Max Advance Realty, shows Ryan Paredes (R) and Ariadna Paredes a home for sale on April 20, 2023 in Cutler Bay, Florida. Joe Raedle | Getty Images News | Getty ImagesMortgage interest rates just hit a level not seen since the...
Sales of newly built homes fell 8.7% in August from July, to a seasonally adjusted annualized pace of 675,000 units, according to the U.S. Census Bureau. That is the slowest pace since March. Sales were still 5.8% higher than August 2022.The Census count is based on signed contracts during...
A "For Sale" sign is displayed in front of a home in Arlington, Virginia, on August 22, 2023.Andrew Caballero-Reynolds | AFP | Getty ImagesSales of previously owned homes fell 0.7% in August from July to a seasonally adjusted, annualized rate of 4.04 million units, according to the National Association...
U.S. homebuilders are feeling pessimistic about their business for the first time in seven months, thanks to stubbornly high mortgage rates.Builder confidence in the single-family housing market fell 5 points in September to 45 on the National Association of Home Builders/Wells Fargo Housing Market Index. The decrease follows a...
Apartment rents have been cooling off sharply for several months, and they look like they're about to go negative compared with a year ago.Rents in August were just 0.28% higher than August 2022, according to real estate tech platform RealPage. Compare that to a year ago, when rents were...