Market Report - December 2023
U.S. existing-home sales rose from a 13-year low, climbing 0.8% from the previous month and breaking a five-month streak in which sales declined, according to the National Association of REALTORS® (NAR). Despite the increase, sales were down 7.3% compared to the same period last year, as affordabil
Latest Mortgage Rate News - Mortgage rates drop for the ninth week in a row
U.S. mortgage rates continued to drop this week for the ninth week in a row, extending the good news for home buyers who have been facing the least affordable housing market since the 1980s. The 30-year fixed-rate mortgage rate fell to an average of 6.61 percent during the week ending December 28, d
Market Report - November 2023
Low inventory, elevated sales prices, and decades-high interest rates continue to weigh on the housing market, causing sales of existing homes to fall to their slowest pace since August 2010. According to the National Association of REALTORS® (NAR), U.S. existing-home sales declined 4.1% month-over
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