With home prices already at record highs and President Trump’s mass deportation plans already in effect, further pressure on the housing market could be stressed with reducing the construction labor force.Additionally, tariffs on lumber and building materials sourced from Canada and Mexico could make homes more expensive and freeze …
View MoreMortgage demand dropped 22% to end 2024. Real estate experts predict 2025 to be a bumpy ride in housing!
New Home Sales rise 4.1% in September!
Weekly mortgage demand increased again as interest rates fall below 7%. The average contract interest rate for 30-year fixed-rate mortgages decreased to 6.84% from 7.02%.
Applications for a mortgage to purchase a home rose 5% for the week but were still 11% lower compared with the year before.
With a stronger than anticipated job report, the Federal Reserve decided to leave interest rates unchanged. The public and market were forecasting a drop in interest rates!
What will this do to the spring real estate …
View More2024 Top 10 Housing markets:
The list is based on an analysis of home value appreciation, how …
View MoreMortgage demand shrinks as interest rates hit the highest levels in 23 years! The housing market is really at a standstill and will remain at that standstill until we see a drop in interest rates.
One of the benefits of buying versus renting a home is the ability to have fixed costs. However, homeowners still need to anticipate surprises.With many cities increasing property taxes, prospective homeowners would be wise to anticipate those costs going up. Additionally, they …
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