Blog: Top News in the Real Estate Market
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Real Estate Rundown May 2025
May 01, 2025
Home price growth is beginning to slow, with a modest 0.2% monthly increase in March and the annual growth rate dipping to 4.6%, the lowest in nearly a year and a half. Meanwhile, pending home sales jumped 6.1%, signaling renewed buyer interest spurred by lower mortgage rates and increased inventory. ...
Real Estate Rundown April 2025
April 01, 2025
The housing market showed signs of recovery in February, with contract signings rising 2%, led by a 6.2% jump in the South. While mortgage rates remain steady, uncertainty keeps markets volatile, and even minor economic data can sway rates. Forecasts suggest moderate mortgage rate declines through 202...
Real Estate Rundown March 2025
March 01, 2025
Mortgage rates have dropped to a two-month low, but mortgage demand remains weak as home prices stay high due to low inventory. Despite rising home prices, particularly in the Northeast, sluggish sales and economic uncertainty persist. Home-purchase cancellations surged in January, especially in the S...
Real Estate Rundown August 2024
August 01, 2024
In June, existing home sales fell by 5.4% to an annual rate of 3.89 million, and the total housing inventory increased by 23.4% from the previous year, though affordability challenges persisted for first-time buyers. The Federal Reserve kept interest rates unchanged at 5.25% to 5.5%, with potential ra...
Real Estate Rundown July 2024
July 01, 2024
Mortgage rates dipped to 6.86%, the lowest in three months, fostering optimism for homebuyers amid expectations of further declines through summer. Despite a 4.6% decline in pending home sales, May witnessed an uptick in listings and reduced monthly housing costs, with the average 30-year fixed mortga...
Real Estate Rundown June 2024
June 01, 2024
Based on the provided summaries, here is a very short summary of the blog Could The Market Be Balancing To A Buyer’s Market. The real estate market, currently a seller's market, is moving towards balance with increased housing supply and high mortgage rates. The market shows signs of equilibrium but s...
Real Estate Rundown March 2024
March 01, 2024
The U.S. housing market in early 2024 is characterized by cautious optimism amidst fluctuating mortgage rates, with hopes for a drop in rates to refresh activity. Low existing home supply sustains demand for new homes, although uncertainties persist regarding economic sustainability. Meanwhile, a sig...
Real Estate Rundown January 2024
January 01, 2024
Pending home sales in the United States showed no change compared to the previous month. Meanwhile, U.S. home-price growth continued to slow for the third consecutive month in November, with prices rising by 0.6% from the previous month, the smallest increase since June. Looking ahead to the 2024 hous...
Real Estate Rundown December 2023
December 01, 2023
Positive news in the housing market with interest rates in a downward trend as well as an increase in the number of listings available. Also, a strong amount of Millennials have a positive take on homeownership and the American Dream.
Real Estate Rundown November 2023
November 01, 2023
The U.S. housing market is witnessing a surge in the popularity of newly built homes, constituting a record 30.6% of single-family homes available for sale in the third quarter. Mortgage rates remain close to a 23-year high, and economic growth continues to outperform expectations, although concerns ...
Real Estate Rundown October 2023
October 01, 2023
In the real estate market, financial challenges for buyers amid limited housing inventory are prompting home sellers to reduce prices. Meanwhile, Freddie Mac's latest data reveals that the 30-year fixed-rate mortgage has reached 7.31%, the highest since 2000, due to low housing inventory. In the housi...
Real Estate Rundown September 2023
September 01, 2023
The summer real estate market may be coming to and end, but New home sales are at a 17 month high and there is an increase to the number of pending leads even in the face of higher mortgage rates. While these rates seems to climb, buyers are adapting to this and still entering into the market.