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Mortgage Rates Rise to Highest Level Since Onset of Pandemic

Mortgage rates continued their upward trajectory for the fourth straight week, rising to their highest level since the beginning of the pandemic, according to this week’s report from Freddie Mac. According to the agency’s Primary Mortgage Market Survey® (PMMS), the 30-year fixed mortgage rate averaged 3.56% for the week ending Jan. 20, climbing another 0.7 points from a week ago. Mortgage details: 30-year fixed-rate mortgage averaged 3.56% with an average 0.7 point for the week ending January 2...
Tags: News, Radio, Treasury, Teams, National, Mortgage Rates, Agents, Latest News, Industry News, Freddie Mac, U S Treasury, Consumer, Brokers, George Ratiu, Primary Mortgage Market Survey, Freddie Mac According


December Marked 3rd Straight Month of Increased Housing Starts for Builders

2021 ended with more good news for home builders, with December seeing the third straight month of new residential construction increases, according to the latest report from the Commerce Department release Wednesday. Growth was primarily driven by a 5% increase of multifamily structures, with the month seeing a 2.3% decrease in single family home construction. Looking at all of 2021, there was 15.6% increase in multifamily housing units versus 2020. Thus, these properties were a significant gro...
Tags: News, Radio, West, Teams, National, December, Agents, Industry News, Builders, Commerce Department, Consumer, NAHB, Brokers, 2021, Lead Story, Housing Completions


Why are Buyers Flocking to Manchester, New Hampshire?

The housing market is booming almost everywhere you look. But some areas, although selling just as fast or faster than other communities, remain relatively affordable compared to other hot real estate markets across the country. With home prices reaching record highs, “affordability and strong local economies remain very much top of mind for today’s buyers.” This is why Manchester, NH is currently number one among all housing markets across the United States. In Manchester, homebuyers can still ...
Tags: News, Boston, Radio, United States, New Hampshire, Manchester, Portland, Teams, Columbus, Agents, Worcester, Coaching, Latest News, Industry News, Best Practices, Concord


Mortgage Rates Spike to Highest Level Since March 2020

Elevated inflation and the concerns over how federal officials intend to address it led to a significant surge in mortgage rates across the board, according to recent reports from Freddie Mac. According to the agency’s Primary Mortgage Market Survey® (PMMS®), the 30-year fixed mortgage rate averaged 3.45% for the week ending Jan. 13, climbing 0.7 points from a week earlier. Mortgage Details 30-year fixed-rate mortgage averaged 3.45% with an average of 0.7 point for the week—up from last week wh...
Tags: News, Radio, Treasury, Teams, National, Mortgage Rates, Agents, Latest News, Industry News, Freddie Mac, Consumer, Brokers, Homebuyers, George Ratiu, Primary Mortgage Market Survey, Freddie Mac According


Mortgage Rates Bumped Down Leading Up to the Holidays

The 30-year fixed-rate mortgage (FRM) averaged 3.05% for the week ending Dec. 23, according to the latest data from Freddie Mac. Mortgage details: The 30-year fixed-rate mortgage averaged 3.05% with an average 0.7 point f, down from last week when it averaged 3.12%. Last year, the 30-year FRM averaged 2.66%. The 15-year fixed-rate mortgage averaged 2.30% with an average 0.7 point, down from last week when it averaged 2.34%. Last year, the 15-year FRM averaged 2.19%. The 5-year Treasury-indexed ...
Tags: News, Holidays, Mba, Interest Rates, Radio, Treasury, National, Mortgage, Lending, Federal Reserve, Mortgage Rates, Financing, Latest News, Industry News, Real Estate News, Mortgage Bankers Association


Mortgage rates dip as Omicron variant triggers market volatility

Thirty-year mortgage rates fell to 3.05 percent, down 7 basis points from the week prior, according to Freddie Mac’s most recent lender survey released Thursday.
Tags: Radio, Mortgage, Federal Reserve, Mortgage Rates, Freddie Mac, National Association of Realtors, Lawrence Yun, Markets & Economy, News Brief, Realtor.com, George Ratiu, Primary Mortgage Market Survey, Sam Khater, Banking & Lending, 30 Year Fixed-rate, 15-year Fixed Rate


New home sales soar by double digits

After increasing by a modest 0.4 percent in October, new home sales saw a 12.4 percent increase in November, according to the U.S. Census Bureau and Department of Housing and Urban Development.
Tags: Radio, Department of Housing and Urban Development, Markets & Economy, Select, New Home Sales, George Ratiu, U.S. Census Bureau, Markets And Economy


Fueled by climbing mortgage rates, existing-home sales rise again

The median existing-home sales price, meanwhile, soared 13.9 percent year over year in November as inventory plunged 13.3 percent, according to data released Wednesday by the National Association of Realtors.
Tags: Supply Chain, Data, Analysis, Radio, Mortgage Rates, Inventory, Markets & Economy, Select, Realtor.com, Existing-Home Sales, First-Time Homebuyers, George Ratiu, National Association of Realtors (NAR, NAR chief economist Lawrence Yun, Second Homebuyers, Median Prices


Mortgage Rates Stable Heading Into Continued Pandemic Uncertainty

The 30-year fixed-rate mortgage (FRM) averaged 3.11% for the week ending Dec. 2, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS). Mortgage details: The 30-year fixed-rate mortgage averaged 3.11% with an average 0.6 point for the week ending Dec. 2, 2021, up slightly from last week when it averaged 3.10%. Last year, the 30-year FRM averaged 2.71%. The 15-year fixed-rate mortgage averaged 2.39%with an average 0.6 point, down from last week when it averaged 2.42%. Last year, the 1...
Tags: Real Estate, News, Congress, Interest Rates, Radio, Treasury, National, Lending, Federal Reserve, Mortgage Rates, Financing, ADP, Latest News, Industry News, Dec, Freddie Mac


Forecast: 2022 Real Estate Market Will be a Mixed Bag

From remote work trends impacting where people can live to affordability issues cropping up as home prices rise, the real estate markets in 2022 will have a fair share of new challenges and opportunities. According to the realtor.com® 2022 Housing Forecast, next year is set to be a mixed bag. Housing trends to watch in 2022: While 2020-2021 brough a home-buying frenzy largely fueled by first-time millennial homebuyers, potential homeowners will face increased competition for at least the next t...
Tags: News, Interest Rates, Housing Market, Radio, Teams, National, Forecast, Agents, Affordability, Predictions, Latest News, Industry News, Consumer, Real Estate News, Real Estate Market, Brokers


Realtor.com® 2022 Housing Forecast Reveals A Whirlwind Year Ahead for Buyers, Especially First-Timers

– 2022 will be very competitive as home sales hit a 16-year high and trends like workplace flexibility enable more homebuyer success – The 2022 for-sale home supply (+0.3%) will begin to recover from recent declines, but millennial demand will likely keep supply limited through at least 2025 – Affordability issues become increasingly complex in 2022 as mortgage rates climb to 3.6%, listing prices rise to new record-highs (+2.9%) and rents surge (+7.1%), while incomes increase by 3.3% Sa...
Tags: Real Estate, News, Radio, Syracuse, News Corp, Tulsa Okla, COLUMBUS Ohio, Baton Rouge La, BOISE Idaho, Salt Lake City Utah, Fresno Calif, Richmond VA, Wichita Kan, TUCSON Ariz, Jacksonville Fla, Dayton Ohio


Next year to be a ‘mixed bag’ for real estate: realtor.com report

Recent inventory shortages may ease somewhat in 2022, but demand will probably still exceed supply and affordability will be challenging.
Tags: Utah, Indianapolis, Radio, Maine, 2022, Portland, Salt Lake City, Rhode Island, Providence, Markets & Economy, News Brief, Realtor.com, Pandemic, George Ratiu, Danielle Hale


Single-Family Home Prices Continue Upward Momentum

Home prices for single-family properties continued their upward trajectory in September, going against typical seasonal market slowdowns, according to the most recent S&P CoreLogic / Case-Shiller Indices. The organization reported an 19.5% annual increased in September, down from 19.8% in August. The 10-City Composite increased 17.8% YoY, down from 18.6% the previous month. The 20-City Composite increased 19.1% YoY, down from 19.6% in the previous month. The markets with the highest YoY home pri...
Tags: Agents, Brokers, Consumer, Industry News, Latest News, Lead Story, National, News, Teams, Case-Shiller, CoreLogic, Feature, Home Prices, Home Values, Housing Market, Real Estate


Skyrocketing US home prices are finally beginning to slow down

September 2021 marked the first month since May 2020 in which annual home price growth decelerated, with home prices increasing 19.5 percent year over year, down from a 19.8 percent annual gain in August.
Tags: US, Radio, Agent, Mortgage Rates, Inventory, Freddie Mac, Markets & Economy, Select, News Brief, Realtor.com, Home Prices, Selma Hepp, George Ratiu, S&P CoreLogic Case-Shiller Home Price Indices


Pending Home Sales Rebounded in October

Pending home sales increased in October, rebounding from September’s decline, according to the National Association of REALTORS® (NAR). Overall, contract activity increased monthly in each of the four major U.S. regions. However, on a yearly basis, two regions (West and Northeast) reported drops and two others (Midwest and South) increased. The Pending Home Sales Index (PHSI), which is a forward-looking indicator of home sales based on contract signings, rose 7.5% to 125.2 in October. An index o...
Tags: Feature, Real Estate, News, Housing Market, Radio, Luxury, Teams, National, Realtors, Agents, Latest News, Industry News, Midwest, Freddie Mac, Northeast, NAR


Homeownership Rate Flat in Q3

The homeownership rate was 65.4% in the third quarter of 2021, nearly flat compared to the previous quarter, according to the latest data from the Commerce Department. National vacancy rates in the third quarter 2021 were 5.8% for rentals (-0.6% YoY) and 0.9% for owned homes (-0.86% YoY). Regional breakdown: – Midwest: 70.9% – South: 67.0% – Northeast: 4.3% – West: 4.4% Industry Response: “While the homeownership rate slid across all age groups from a year ago, there were quarterly gains for p...
Tags: Real Estate, News, Homeownership, Housing Market, Radio, National, Vacancy, Latest News, Industry News, Commerce Department, Real Estate News, Realtor.com®, Economic Research, George Ratiu, Ratiu, Coronavirus


Mortgage Rates Continue Upward Momentum

The 30-year fixed-rate mortgage (FRM) averaged 3.14% for the week ending Oct. 28, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac. Declining COVID cases and improved consumer confidence, however, are keeping purchase demand strong despite increasing rates. Mortgage details: – 30-year fixed-rate mortgage averaged 3.14% with an average 0.7 point for the week ending Oct. 28, 2021, up from last week when it averaged 3.09%. Last year, the 30-year FRM averaged 2.81%....
Tags: News, Interest Rates, Radio, Treasury, National, Mortgage Rates, Latest News, Industry News, Fed, Freddie Mac, Real Estate News, Realtor.com®, Economic Research, George Ratiu, Ratiu, Sam Khater Freddie Mac


Rental Market Bounces Back From Pandemic’s Peak

The rental industry is back in full force, with rents in the 10 biggest U.S. tech cities surpassing March 2020 levels by an average of 6.3%. As we near a post-pandemic market, rents have grown at a double-digit pace (+13.6%) for the second consecutive month, according to the latest realtor.com® Monthly Rental Report. The details: – Average rents across the 10 biggest U.S. tech cities increased by 9.9% YoY in September – Average big tech metro rents declined by as much as 7.2% during the pandemi...
Tags: Renting, News, San Francisco, Housing Market, Austin, Radio, Manhattan, National, Seattle, Denver, Latest News, Industry News, Real Estate News, Realtor.com®, Economic Research, George Ratiu


New-Home Sales Bumped Up for Third Consecutive Month

New-home sales for single‐family properties in September 2021 were at a seasonally adjusted annual rate of 800,000, according to the latest Census data. This is 14% above the revised August rate of 702,000, and the third month in a row of increases. However, it is still 17.6% below last year’s numbers. Market breakdown: New-Home Sales: 800,000 For-Sale Inventory: 379,000 Months’ Supply:  5.7 months Median Price: $407,800 What the industry is saying: “New-home sales continued their upward moment...
Tags: Real Estate, News, Housing Market, Radio, National, Industry News, Real Estate News, Transactions, Realtor.com®, Economic Research, George Ratiu, U.S. Census Bureau, RCLCO, Kelly Mangold, New Homes Sales


New home sales beat expectations as prices climb to historic record

Sales of new single-family homes notched a seasonally adjusted annual rate of 800,000 in September 2021, while the median sales price hit a new record of $408,800.
Tags: Data, Radio, Hud, Mortgage Rates, Markets & Economy, Select, Median Home Price, Realtor.com, New Home Sales, George Ratiu, Home Inventory, Median Sales Prices


Mortgage Rates Still on the Rise, Forecast to Reach 3.4% by December

It’s been another week of increasing mortgage rates, with the average 30-year fixed-rate mortgage (FRM) coming in at 3.09%, according to the latest data from Freddie Mac .   Mortgage details: 30-year fixed-rate mortgage averaged 3.09% with an average 0.7 point for the week ending Oct. 21, 2021, up from last week’s 3.05%. Last year, the 30-year FRM averaged 2.80%. 15-year fixed-rate mortgage averaged 2.33% with an average 0.7 point, up from last week’s 2.30%. Last year, the 15-year ...
Tags: News, Interest Rates, Housing Market, Radio, Treasury, National, Mortgage Rates, Latest News, Industry News, Fed, Freddie Mac, Real Estate News, Economic Research, George Ratiu, Ratiu, Sam Khater Freddie Mac


Existing-Home Sales Rebound in September

After seeing waning numbers in August, existing-home sales bumped up last month by 7% to a seasonally adjusted annual rate of 6.29 million, with each of the four major U.S. regions seeing month-over-month increases, according to the latest data from the National Association of REALTORS® (NAR). Year, over year, however, sales decreased 2.3%.   Single-family home sales decreased to a seasonally adjusted annual rate of 5.59 million in September—up 7.7% from 5.19 million in August and down 3.1% ...
Tags: Real Estate, News, Housing Market, Radio, National, Latest News, Industry News, Fed, NAR, National Association of Realtors, Real Estate News, Lawrence Yun, Existing-Home Sales, Economic Research, George Ratiu, Mike Fratantoni


Housing Starts: Multifamily Dips but Single-Family Holding Steady

Overall housing starts were down 1.6% in September to 1.56 million, pushed down by declines in multi-family construction. The September is the number of housing units builders would begin if development kept this pace for the next 12 months. However, single-family housing production held steady, with strong demand offsetting building material supply shortages and delays, according to the latest U.S Census data. Single-family starts were flat from the previous month at a 1.08 million seasonally a...
Tags: Real Estate, News, Housing Market, Radio, National, Construction, Latest News, Industry News, Builders, National Association of Home Builders, Yun, Real Estate News, National Association of Home Builders NAHB, NAHB, Robert Dietz, Housing Starts


Mortgage Rates Reach Peak High Since April

The 30-year fixed-rate mortgage (FRM) averaged 3.05%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac. This marks a peak in rates not seen since April. Mortgage details: – 30-year fixed-rate mortgage averaged 3.05% with an average 0.7 point for the week ending Oct. 14, 2021, up from last week when it averaged 2.99%. Last year, the 30-year FRM averaged 2.81%. – 15-year fixed-rate mortgage averaged 2.30% with an average 0.7 point, up from last week when it averag...
Tags: News, Interest Rates, Housing Market, Radio, Treasury, National, Mortgage Rates, Latest News, Industry News, Freddie Mac, Real Estate News, George Ratiu, Sam Khater Freddie Mac, U S Census Bureau Meanwhile, Nadia Evangelou National Association of REALTORS


Pending home sales beat projections following 2 months of declines: NAR

Pending home sales finally saw some positive growth in August, following two consecutive months of declines in June and July, the National Association of Realtors reported.
Tags: Data, Radio, Agent, Mortgage Rates, Affordability, Contracts, Inventory, NAR, National Association of Realtors, Markets & Economy, Select, Realtor.com, Home Prices, George Ratiu, National Association of Realtors (NAR, NAR chief economist Lawrence Yun


Recent Stock Market Volatility Dangerous for Real Estate? Experts Unconvinced

Real estate experts believe recent stock market volatility isn’t concerning as long as it’s temporary, despite a rocky start to the week for trading, as well as global events worrying investors. According to Ruben Gonzalez, chief economist for Keller Williams, recent declines in the market are mainly due to fears on Wall Street that the Chinese property market could disrupt global financial markets. Those concerns prompted a stock market selloff that dealt a sizable blow to major U.S. stock inde...
Tags: Real Estate, News, Housing Market, Economy, Radio, National, Federal Reserve, Stock Market, FOMC, Latest News, Industry News, Fed, SVP, Gonzalez, Keller Williams, Real Estate News


Mortgage rates continue to flatline ahead of Fed tapering details

Mortgage rates stayed the course this week as lenders continued to monitor the Federal Reserve's tapering plans.
Tags: Radio, Mortgage, Federal Reserve, Mortgage Rates, Fed, Freddie Mac, Jerome Powell, Markets & Economy, George Ratiu, Sam Khater, Banking & Lending, 30 Year Fixed-rate, 15-year Fixed Rate, Lender Survey


Mortgage Rates: Little Movement Amid Slowdown in Global Economic Growth

Freddie Mac’s Primary Mortgage Market Survey (PMMS) was recently released, reporting that the 30-year fixed mortgage rate (FRM) averaged 2.88®. Mortgage details: – 30-year fixed-rate mortgage averaged 2.88% with an average 0.7 point for the week ending Sept. 23, 2021, up slightly from last week when it averaged 2.86%. Last year, the 30-year FRM averaged 2.90%. – 15-year fixed-rate mortgage averaged 2.15% with an average 0.6 point, up from last week when it averaged 2.12%. Last year, the 15-year...
Tags: News, Housing Market, Radio, Treasury, National, Federal Reserve, Mortgage Rates, FOMC, Latest News, Fed, Freddie Mac, U S Treasuries, Lead Story, George Ratiu, Sam Khater, Coronavirus


Pending home sales slump for second-straight month

Pending home sales saw a slight slump in July, dropping 1.8 percent to a Pending Home Sales Index of 110.7, according to the National Association of Realtors.
Tags: Data, Radio, Agent, Markets & Economy, Brokerage, Realtor.com, Pending Home Sales, George Ratiu, Pending Home Sales Index, National Association of Realtors (NAR, NAR chief economist Lawrence Yun, NAR Pending Home Sales


Single-family housing starts take unexpected hit in July

Despite a decline in starts, which reflected curbed confidence in June amid mellowing lumber prices, experts said gains made in permit applications were a positive sign.
Tags: Radio, First-time buyers, Markets & Economy, Select, News Brief, Realtor.com, New Construction, Housing Completions, Housing Starts, Normalization, Building Permits, George Ratiu, Homebuilders, Single Family Housing Starts, Lumber Prices, New Residential Construction