Here is your real estate market update and the top real estate news for March 26, 2025: Top Real Estate News for March 26, 2025: Home Prices Rise as Inventory Lags: The latest Case-Shiller Home Price Index showed a 6% year-over-year increase in home prices for January, reflecting persistent demand and tight supply in major metros. Federal Housing Agency: Will not cut Fannie Mae and Freddie...
Here is your real estate market update and the top real estate news for Monday, March 25, 2025: Top Real Estate News (March 25, 2025): Buyers Regain Confidence as Rates Stabilize: According to market analysts, the spring homebuying season is gaining traction. As mortgage rates hold steady, buyer traffic has increased, and open houses are seeing more activity nationwide. Builders Ramp Up...
Here is your real estate market update and the top real estate news for Monday, March 24, 2025: Top Real Estate News (March 24, 2025): Housing Affordability Still a Challenge Despite Rate Improvements: A new report highlights that while mortgage rates have eased slightly, housing affordability remains stretched in many markets due to high home prices and limited inventory. Investors Eyeing...
Today's Real Estate News (March 21, 2025): Mortgage Rates Decline Slightly After Fed Meeting: Following the Federal Reserve's decision to hold interest rates steady, mortgage rates edged down modestly. Experts suggest this could provide a boost for spring homebuyers looking for improved affordability. Homebuilders Report Optimism on New Home Sales: Several major homebuilders announced positive...
Here is your real estate news for Thursday, March 20, 2025: Top Real Estate News (March 20, 2025): Fed Signals No Immediate Rate Cuts: The Federal Reserve held rates steady and indicated it would need more evidence of slowing inflation before cutting rates. This decision impacts mortgage rates, keeping them elevated for now. Spring Housing Market Sees More Listings: Realtor.com reported a 10%...
Here is your real estate market update and the top real estate news for Wednesday, March 19, 2025: Top Real Estate News (March 19, 2025): Existing Home Sales Rose in February: According to the National Association of Realtors, existing home sales increased by 3.1% from January, driven by slightly lower mortgage rates and a rise in housing inventory. However, sales remain lower than a year ago....
Top Real Estate News (March 18, 2025): Pending Home Sales See Modest Uptick: The National Association of Realtors reported a slight increase in pending home sales for February. Analysts attribute the improvement to stabilizing mortgage rates and a modest increase in housing inventory. Institutional Buyers Re-entering the Market: Several large investment firms are reportedly ramping up...
Top Real Estate News (March 16, 2025): Mortgage Demand Dips as Rates Remain Elevated: Applications for new home loans dropped last week as borrowing costs stayed high. Analysts report that affordability challenges continue to cool homebuyer activity, especially in pricier markets. Homebuilder Sentiment Declines: Builder confidence slipped slightly due to continued concerns over high interest...
The past two weeks have shown little movement in mortgage application activity, according to the latest data from the Mortgage Bankers Association (MBA). The mortgage application trends have hopes for a stronger rebound, applications have remained relatively stable as mortgage rates continue to hover around 7%. The MBA’s Weekly Mortgage Applications Survey reported a 0.1% increase in overall mortgage...
Buying a home can be one of the most exciting yet daunting decisions you'll make. Here are some key home buying tips to help you navigate this journey: Budget First: Understanding what you can afford is crucial. This includes not just the purchase price but also closing costs, maintenance, and possible renovations. Getting pre-approved for a mortgage gives you a clear financial boundary and shows...