Apr 16, 2024 | News
We saw a big jump in mortgage rates last week. The 30-year fixed rate mortgage, according to the HousingWire Mortgage Rates Center, is now over 7.2% — that’s 50 basis points above where we were at the start of the year. At that time, most of the voices in the media...
Apr 16, 2024 | News
Fannie Mae and Freddie Mac will not count buyer’s agent commissions as part of their allowable interested party contributions (IPCs), according to announcements from the government-sponsored enterprises (GSEs) on Monday. The GSEs noted that this guidance was not an...
Apr 16, 2024 | News
As older people increasingly express their preference to age in place in their own homes, family members will oftentimes be required to provide some semblance of care for their loved ones in later life. Caregiving challenges can be compounded if there’s only one child...
Apr 15, 2024 | News
Although more agents are fielding questions about the commission lawsuits than they were a quarter ago, they also remain optimistic about where the housing market is headed in the second quarter of 2024, according to the RealTrends Q2 2024 AgentPulse survey. The...
Apr 15, 2024 | News
Last week’s above-consensus inflation figures brought the mortgage market back to a sour reality: The average 30-year fixed mortgage rate, an index closely watched by industry experts, may be close to or even above the 7% level for longer than previously expected. If...
Apr 15, 2024 | News
Elevated mortgage rates, coupled with a stronger-than-expected inflation reading, dampened homebuilder sentiment in April. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) did not change in April, staying at a reading of 51,...
Apr 15, 2024 | News
More Than Four Times the National Share in 2024 Based on new data from Redfin, nearly one of five (17.8%) homes that sold in San Francisco during the three months of 2024 sold at a loss, which was the highest in 11 years. That’s a higher share than any other...
Apr 15, 2024 | News
Illustration by Realtor.com; Source: Getty Images After years of heated bidding wars and homes selling for six figures over the list price, home sellers are entering the spring housing market with “more realistic” expectations. As the nation enters the best week to...
Apr 15, 2024 | News
Realtor.com; Canva Financially-savvy Generation Zers are successfully becoming homeowners—and they’re moving to more affordable metros to grab a bargain. Late last month, Katie Hoehle, 24, and Jacob Aldrich, 23, closed on their first home after viewing more than a...
Apr 14, 2024 | News
Mortgage rates headed higher last week after the CPI inflation report, but now, with news of a wider war in the Middle East, should we expect even higher rates? Some argue that money will go into the safety of the bond market, while others say a wider war can lead to...
