Mortgage Market UpdateMortgage Rates ClimbRates climbed to 2.81%, their highest point since November. Historic low mortgage rates contributed to a frenzy of home-buying and refinancing, but the coming months could see a steady rise back above 3%. Some observers worry...
Sellers Feeling More OptimisticConsumer sentiment for home-selling is on the rise, according to the Fannie Mae Home Purchase Sentiment Index. The percentage of respondents who say it is a good time to sell a home increased from 50% to 57%, while the percentage who say...
Housing Market Shortage PersistsOverall housing inventory plummeted 43% in January compared to the same month in 2020. New listings were also down by 23% year over year. The home shortage increased U.S. median home prices by 15.4%, up to a national average of...
Double-Digit Growth for Residential Construction Investment in the residential construction market has risen more sharply than previously anticipated, according to a report published on Feb. 9. The residential construction market has outperformed the broader economy...
2021 Housing Market TrendsThe pandemic continues to shape the housing market and consumer preferences. In many cities across the nation, inventory shortages persist as buyers look for homes that accommodate remote work and their desire to take advantage of low...
Today's Housing Market News:Where People Are (And Aren't) RelocatingMoving within the next year is on the minds of about half of Americans. The majority of potential homebuyers are planning to stay in the state where they currently reside. Generally speaking, states...
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