Sales of previously owned homes declined as a shortage of listing inventory and the highest mortgage rates in more than a decade made it tougher to purchase a property.
Groundbreakings in March reached the highest level since June 2006 led by a surge in the construction of multifamily units, according to a government report.
Homebuilder sentiment dropped to the lowest level since September as higher mortgage rates eroded affordability for buyers, according to a report.
“A reprieve in gas prices was immediately recognized by consumers,” Wells Fargo economists said.
The average U.S. 30-year fixed rate for so-called conforming loans given to the best-qualified borrowers is the highest since February 2011.
The CFPB sued TransUnion, one of the nation’s largest credit bureaus, claiming it violated a 2017 consent order.
The so-called core reading of the consumer price index, stripping out volatile energy and food prices, showed a glimmer of good news, economists said.
Almost three-quarters of American consumers in March said they believed now is a “bad time to buy” real estate, a record high, according to a report from Fannie Mae.
The daily average rate for a 30-year fixed mortgage rose above 5% on Wednesday for the first time since 2018, according to Optimal Blue rate-lock data.
The share of sellers who had to reduce asking prices is rising at the fastest pace since August, Redfin said in a report.
Allowing the VA loan fees to reset as scheduled will save veterans and active-duty military members about $200 million annually, the lenders’ group said.
A homebuyer would need $48,435 of annual income to qualify for a mortgage on a $180,000 median-priced home in Detroit, making it the most affordable U.S. metro area.
Don't wait until you find your dream house to check your credit reports for errors.
Flood insurance is separate from your standard homeowner’s insurance, and if you are buying in a flood plain, most lenders
