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The 30-year fixed-rate mortgage averaged 6.32% as of Feb. 16, up from 6.12% a week before and 3.92% a year earlier.
The pace of mortgage applications fell 7.7% in the week ended Feb. 10, the Mortgage Bankers Association reported.
Builder confidence rose for the second consecutive month in February with a seven-point increase that brought it to its highest level since last September, the National Association of Home Builders said.
The REALTORS® Relief Foundation works to provide housing relief to victims of natural disasters.
The 30-year fixed rate fell for the fifth week in a row, giving a lift to lending activity, the Mortgage Bankers Association said.
The AI program ChatGPT mimics creates home listings with desired industry lingo, dropping real estate buzzwords with apparent ease. Can you tell the difference?
Homebuyers are returning, but sellers still aren’t filling the need as inventory remains low.
The median sales price of a new home was down on a monthly basis but up on an annual one.
House prices, however, continued to rise, marking the 130th consecutive month for price gains, the longest streak on record, the National Association of REALTORS® said.
More buyers have entered the market in the past four weeks as mortgage rates fell.
The increase in builder confidence breaks a string of 12 straight monthly declines in the NAHB/Wells Fargo Housing Market Index.
HomeServices of America President and CEO Gino Blefari took the top spot on the annual list.
For more than 10 years, Lifestory Research has released its highly anticipated study: America’s Most Trusted®. And the 2023 results are in.
The brokerage said its technology team, which was most affected in the previous round of cuts, will not be impacted this time.
Geographically, the largest home-price increases took place in the Southeast, led by Florida (18%), South Carolina (13.9%) and Georgia (13.6%), CoreLogic reported, citing its November Home Price Insights report.
The move comes despite a slowdown in the single-family rental market.