The number of homes that went under contract in November dropped by another 4%, signaling a slow winter, according to data released Wednesday from the National Association of Realtors Pending home sales fell in November for the sixth consecutive month, yet another sign that things may continue to get worse for real estate agents before they get better.The number of homes that went under contract in November was down 4 percent
National home prices tallied a 0.5% monthly decrease between September and October, according to data released Tuesday by real estate analytics provider CoreLogic Home prices continued their slow decline in October as the housing market responded to mortgage rates exceeding 7 percent at times, according to data released Tuesday by real estate data provider CoreLogic.National home prices fell 0.5 percent between Septe
Merry Christmas and Happy New Year from iPro Real Estate.
Borrowing costs have been moderating over the past six weeks, declining significantly after breaking 7% last month. Mortgage rates have been moderating over the past six weeks, declining significantly after hitting a 7.08% high last month. The 30-year fixed-rate mortgage is settling into the 6% range, averaging 6.27% this week, Freddie Mac reports.Homeownership has become nearly 10% more affordable in this time as rates have eased. The average mo
Sales of existing homes in November fell 7.7% to a seasonally adjusted annual rate of 4.09M, according to data released Wednesday by the National Association of Realtors Existing-home sales dropped for the tenth-consecutive month in November, according to data released Wednesday by the National Association of Realtors.Sales of existing homes in November fell to a seasonally adjusted annual rate of 4.09 million, a 7.7 percent drop f
Year-over-year rent growth dropped to the lowest level June 2021, but remained 3 times higher than the historical average before the onset of COVID-19, according to data Tuesday by CoreLogic Single-family rent slowed for the sixth-consecutive month in October but remained 8.8 percent higher than where it was the year before, according to a new report from a leading data firm tracking rent prices.The year-over-year growth was the lowest
NAR Chief Economist Lawrence Yun draws the distinctions between today’s real estate market and that of more than a decade ago. Many homeowners are still haunted by the 2008 housing crash when property values collapsed and foreclosures spiked. The memory of sudden catastrophe at a time when the real estate market had been riding high may help explain why 41% of Americans say they now fear a housing crash in the next year, according to a new surv
Economic news this week spelled better news for home buyers who are shopping for a mortgage, even after the Federal Reserve’s latest rate hike. Mortgage rates continued to dial back this week as new economic data showed inflation is further cooling off. Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 6.31% this week. Rates have been decreasing ever since hitting a high of 7.08% last month.The decreasing rates are mak
As the housing market cools quickly, house flippers are finding it harder to make fast profits.In the third quarter, gross flipping profit, which is the difference between the median purchase price paid by investors and the median resale price, dropped to $62,000, according to ATTOM, a real estate data provider. That’s down 18.4% from the second quarter and down 11.4% year-over-year. It represents the smallest profit since the end of 2019 and t
It has been a decade! A full 10 years of striving to provide better real estate services and lifestyles for everyone in our grasp. We thank every one of our loyal members and look forward to continuing our relationship on even more prosperous grounds. And we also thank each and every individual that has put their faith into our members and worked with us to get your own dreams fulfilled. With over $300 million in sales in over 1K transactions, sa
This website includes images sourced from third party websites including Adobe, Getty Images, and as otherwise noted.
