Mortgage rates were down across the board this week compared to last week, according to Freddie Mac’s weekly mortgage market survey. After posting a big jump last week, 30-year mortgage rates were back below the 4 percent mark this week, offering another boost in home affordability for buyers.
Americans are prioritizing their debt payments by opting to pay their car loans before mortgages and credit cards, according to an analysis by credit reporting bureau TransUnion.
Construction slowed dramatically in recent years but has been showing signs of picking up in pockets across the country.
Pending home sales were down slightly in February but remain notably above the pattern in the first half of last year, according to the National Association of Realtors®.
Mortgage applications for Federal Housing Administration loans soared 11 percent from the previous week as borrowers try to rush their applications in to beat the higher FHA costs that will start rolling out on Monday, according to the U.S. Mortgage Market Index report released from Mortech Inc. and Mortgage Daily.
NAR Chief Economist Lawrence Yun talks about Pending home sales, which were down slightly in February but remained notably above the pattern in the first half of last year.
Americans still believe in home ownership, but they’re spooked about the mortgage process, a survey finds. Two-thirds of renters -- across educational and demographic levels -- say they want to purchase a home in the future, according to a quarterly national housing survey of 3,000 Americans conducted by Fannie Mae.
Meredith Dunn, Research Communications Representative, manages Real Estate INSIGHTS, the Research Update, and assists in managing Research content on Realtor.org as well as on various social media sites. She also produces video content for the multimedia portion of the Research site.
T.J. Doyle, Marketing and Communications Manager, works on the marketing and communication of the products and services the Research Division produces for members and non-members alike. He also oversees Research's social media presence, focused on promoting NAR Research to members, the media, government affairs and other industry groups.
George Ratiu is Director of Quantitative & Commercial Research with the National Association of REALTORS® in Washington, D.C. He manages a research portfolio focused on macroeconomic trends, commercial real estate, and global investments. He discusses real estate research in major media outlets and provides economic and industry insights in publications and keynote presentations across the U.S. He produces NAR’s Commercial Real Estate Outlook—a quarterly forecast of core property sector fundamentals.