Sales of new U.S. single-family homes fell more than expected in January as persistently high mortgage rates sidelined potential buyers.
Read More US new home sales fall sharply in January
Tag: Housing Market
Report: Mortgage Rates Surpass 7% For First Time Since May
According to a new report, mortgage rates increased this week, going above 7% ━ adding more pressure to the housing market.
Read More Report: Mortgage Rates Surpass 7% For First Time Since May
US existing home sales rebound in October
Existing home sales rebounded sharply in October as buyers rushed into the market to take advantage of a brief decline in mortgage rates.
Read More US existing home sales rebound in October
Report: Average Age Of U.S. Homebuyers Reaches Record High Of 56
A new report suggests that the average age of an American homebuyer in the U.S. has hit a record high of 56-years-old, according to the National Association of Realtors’ (NAR) yearly state-of-the-market report released on Monday.
Read More Report: Average Age Of U.S. Homebuyers Reaches Record High Of 56
Florida Flooded, Housing Market Dry
with Dottie Herman
Read More Florida Flooded, Housing Market Dry
US pending home sales tumble to record low in July
Contracts to buy previously owned homes dropped to a record low in July as higher prices and borrowing costs drove potential buyers from the market.
Read More US pending home sales tumble to record low in July