Housing demand firming up with lower mortgage rates
Housing demand is very seasonal, so the fact that our pending contract data is firming up lately just shows that lower mortgage rates have stabilized and firmed up demand recently…. Read more »
August home sales drop more than expected, as prices set a new record
Sales of previously owned homes fell 2.5% in August from July, to a seasonally adjusted annualized rate of 3.86 million units, according to the National Association of Realtors. That is… Read more »
The Federal Reserve just cut interest rates by a half point. Here’s what that means for your wallet
People shop at a grocery store on August 14, 2024 in New York City. Spencer Platt | Getty Images The Federal Reserve announced Wednesday it will lower its benchmark rate… Read more »
Is housing inventory growth finally slowing?
Unsold inventory of homes for sale has been on the rise all year. It hasn’t turned the corner yet — inventory rose across the country this week — but at… Read more »
How to position yourself to benefit from the Fed’s first rate cut in years, according to financial experts
The Federal Reserve could start lowering interest rates as soon as next month, based on the latest inflation data. “We think that the time is approaching,” Fed Chair Jerome Powell said at a press conference after… Read more »
What to Know Before Starting a Home Improvement Project
Find Your Inspiration Before you embark on the renovation you should have a general idea of how you want the space to look and feel. Search the internet for ideas… Read more »
What to Consider Before Going All in for a Fixer-Upper
Photo via Unsplash Among the top businesses to start these days, taking on fixer-uppers to resell would definitely rank way up there. So if you find yourself constantly… Read more »
Did lower mortgage rates slow housing inventory growth?
My model for inventory growth with higher mortgage rates came crashing down last week. After two weeks of significant increases, inventory growth slowed dramatically and is far from my 11,000-17,000… Read more »
Labor market report is good news for mortgage rates
Friday’s jobs report came in as a miss of estimates and wage growth came in lower than expected. The labor market isn’t tight anymore and that will eventually be good… Read more »
Virginia Realtors: Zillow’s touring agreement may not be legal
Earlier this week, Zillow launched a new “touring agreement,” a nonexclusive contract for buyers and agents to use for home tours. The real estate giant was prompted to do this by the… Read more »