Housing Market – Page 3 – One America News Network

HOLLYWOOD, FLORIDA - OCTOBER 27: A 'For Sale' sign is posted in front of a single family home on October 27, 2022 in Hollywood, Florida. The rate on the average 30-year fixed mortgage hit 7.08%, up from 6.94% the week prior, according to Freddie Mac. Mortgage rates surpassed 7% for the first time since April 2002. (Photo by Joe Raedle/Getty Images)

Mortgage Demand Drops To 3-Month Low As Interest Rates Increase For First Time In A Month

A key measure of home-buyer applications fell to a three-month low as mortgage rates started to rise again.

In this aerial view, completed and under construction new homes at a site in Trappe, Maryland, on October 28, 2022. - New home sales in the US dipped in September, official data showed on October 26, 2022, as worsening affordability nudges ownership further out of reach for many. Sales soared during the coronavirus pandemic as Americans snapped up homes on the back of bargain mortgage rates, but the sector has cooled with the US Federal Reserve hiking lending rates as it fights to bring down surging inflation. (Photo by Jim WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images)

Report: U.S. Home Prices Increased 47% On Average Since 2020

A recent analysis by ResiClub of the Case-Shiller National Home Price Index has unveiled a staggering increase in U.S. home prices, soaring a hefty 47.1% since 2020.

FILE - The New York state Assembly Chamber is seen during a legislative session after Gov. Kathy Hochul presented her 2025 executive state budget at the state Capitol, Jan. 16, 2024, in Albany, N.Y. New York lawmakers passed a $237 billion state budget Saturday, April 20, that includes plans to spur housing construction and combat unlicensed marijuana stores. (AP Photo/Hans Pennink, File)

NY Legislators Pass $237B Budget Targeting Migrant Influx, Housing Market Boost

A $237 billion state budget that includes measures to encourage home construction and combat unauthorized marijuana stores was approved by New York lawmakers over the weekend.