Category - Housing Market

Home buyers are readjusting their budgets, realizing that borrowing costs are unlikely to move down anytime soon.

Mortgage rates surged this week, jolting home buyers who may have just started to grow accustomed to borrowing costs in the 6% range. The 30-year fixed-rate...CONTINUE READING ARTICLE

Mortgage rates moved higher this week, with the 30-year fixed-rate mortgage reaching a 6.87% average, Freddie Mac reports. Some economists are revising their...CONTINUE READING ARTICLE

The housing market is building momentum as more inventory brings consumers to the market, NAR data shows.

Existing-home sales jumped by nearly 10% in...CONTINUE READING ARTICLE

Going into 2023, there was a lot of talk about a possible recession that would cause the housing market to crash. Some in the media were even forecasting home prices would drop by...CONTINUE READING ARTICLE