US existing home sales fell more than expected in August as home prices remained elevated despite continued improvement in supply. Home sales fell 2.5% last month to a seasonally adjusted annual rate of 3.86 million units, the National Association of Realtors said Thursday. Economists polled by Reuters had forecast home resales to fall to a … Read more
Finally a loan? With mortgage rates at their lowest level since early 2023 and the nationwide housing inventory up 22% from a year ago, it may be time for renters spooked by the market in Florida and other vacation destinations. The Sun Belt should consider getting on the property ladder, experts say. New analysis released … Read more
US home prices may be high, but the party may be over sooner than you think. A new report finds that more than 50 counties across the country are at risk of a housing market meltdown. It’s a dream come true for first-time buyers hoping for a bargain, but a nightmare for current homeowners enjoying … Read more
The average rate for a 30-year mortgage in the US approached 6% this week to the lowest level since early February 2023. The rate fell to 6.09% from 6.20% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 7.19%. The last time the average rate was this low was in … Read more