Home prices increased 0.7 percent between August and September of 2023, and were up 6.7 percent annually, according to a new report.
Category: Markets & Economy
Sitzer | Burnett: Live updates from the buyer-agent commission trial
The long-awaited Sitzer | Burnett commission trial is underway in Kansas City, Missouri, and Inman is covering it all live as it unfolds. Check back early and often for news, views, schedules and more.
Listings tick up and prices tick down during an ice-cold fall market
The added punch of mortgage rates nearing 8 percent is making this year’s fall season particularly slow.
Mortgage rates hit 20-year high as demand ‘close to multi-decade’ low
Homebuyer demand for mortgages inched up slightly last week, as rates climbed to the highest level in more than two decades, according to the Mortgage Bankers Association’s weekly survey.
More lenders raise their conforming loan limit to $750K
Following Rocket’s lead, UWM and Guaranteed Rate say they’ll price mortgages of up to $750,000 as if they’re eligible for purchase by Fannie Mae and Freddie Mac in anticipation of expected 2024 increases.
Housing groups urge Federal Reserve to stop hiking rates
MBA, NAR and NAHB say uncertainty over the Federal Reserve’s next moves is disrupting the housing sector and threatening to send the U.S. economy into a tailspin
Expert insights on market resilience and navigating change
Dana Cadena takes a deep dive into the latest industry trends and best practices and shares advice on how to rise above the noise and create opportunities in today’s market.
Soaring rates baffle economists, frustrate housing leaders
Economists are scratching their heads and housing industry leaders are venting their frustrations as mortgage rates continue a relentless climb to new heights not seen in more than two decades.
Mortgage demand fades as buyers watch rates hit 2-decade high
Fed’s “higher for longer” rate strategy drives yields on long-term Treasurys higher, with mortgage rates following to highest levels in over 20 years, MBA survey shows.
Fed stays put but is prepared to hike rates one more time this year
Treasury yields, a barometer for mortgage rates, barely budged Wednesday as bond market investors look ahead to next year when the Fed is expected to start bringing short-term rates back down.