Joel Berner of Realtor.com reported that new-home sales slowed 6.2% month over month and 11.3% year over year in April, the weakest month for new-home sales in the past year…
Blog
Newsletter:
Builders are pausing projects
Dave Gallagher of RealEstateNews.com reported that the average 30-year mortgage rate climbed to 6.51% in the past week, according to Freddie Mac, with Mortgage News Daily clocking 6.65% on May…
Inflation jumps and Washington moves
The U.S. Bureau of Labor Statistics reported that the Consumer Price Index rose 0.6% on a seasonally adjusted basis in April after a 0.9% gain in March, lifting the 12-month…
Pending sales highest since 2022
Dana Anderson of Redfin reported that U.S. pending home sales climbed to 340,101 on a seasonally adjusted basis in the four weeks ending May 3, the highest level since September…
We’re seeing the lowest interest rates in 3 years
Freddie Mac reported that the 30-year fixed-rate mortgage averaged 6.23% for the week ending April 23, down from 6.30% the prior week and below the 6.81% recorded one year ago.…
Sellers are optimistic heading into spring 2026
Freddie Mac reported that the 30-year fixed-rate mortgage averaged 6.30% for the week ending April 16, down from 6.37% the prior week and well below the 6.83% recorded one year…
Listings rise 4.6%, the largest March increase in five years
Anthony Smith of Realtor.com reports that new listings fell 10% year over year for the week ending April 4, the steepest weekly decline since late January. Year to date, new…
Rates rising on geopolitical tensions
Hannah Jones of Realtor.com reports that the Freddie Mac 30-year fixed mortgage rate rose for a fifth straight week, climbing 8 basis points to 6.46%, its highest level in seven…
78% of home purchases closed below asking price
Diana Olick of CNBC noted that the 30-year fixed hit 6.53% on March 20, just 18 basis points shy of year-ago levels. Active inventory rose 5.6% year-over-year for the week…
