The median sale price for a home rose to $360,250 during the four-week period ending Dec. 5, a gain of 14% from a year earlier, the report said.
Inflation rose last month at the fastest pace since the Reagan administration as the global pandemic continued to snarl supply chains.
Consumer sentiment rebounded this month from November’s one-decade low, according to a University of Michigan report.
Home-price growth in the third quarter increased the amount of tappable equity held by Americans to a record $9.41 billion, the report said.
Prices for detached single-family homes surged as people searched for low-density living quarters during the pandemic, CoreLogic said.
As long as vaccine efficacy holds up, the economic hit from the emergence of Covid-19’s Omicron variant likely will be moderate, Goldman Sachs said.
November’s shortfall in jobs creation “may deter the Fed from moving too quickly” to enact its bond tapering, Wells Fargo economists said.
Homeowners are turning to cash-out refinances after a record-setting advance in home values.
Mortgage rates fell from an 18-month high as the bond markets reacted to news about a new "variant of concern" in the Covid-19 pandemic.
The Conference Board’s measure of consumer conficence fell this month as rising Covid-19 infections soured the nation's outlook.
American homeowners are sitting on nearly $28 trillion of equity – an all-time high.
Some homebuyers using VA loans are now eligible for a streamlined appraisal process.
Closing costs add up quickly. You should plan on spending 2% to 5% of the mortgage loan on these addition fees.
Even a small change in a rate can have a hefty impact on the long-term costs of your mortgage.
