WASHINGTON – New home purchases dropped in April as buyers continued to be deterred by high mortgage rates and prices and a short supply. Sales of new single-family houses were at a seasonally adjusted annual rate of 634,000, according to estimates released by the U.S. Census Bureau and the Department of Housing and Urban […]
WASHINGTON — After several unexpectedly high inflation readings, Federal Reserve officials concluded at a meeting earlier this month that it would take longer than they previously thought for inflation to cool enough to justify reducing their key interest rate, now at a 23-year high. Minutes of the May 1 meeting, released Wednesday, showed that […]
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LOS ANGELES — The average rate on a 30-year mortgage dipped this week to just below 7% for the first time since mid-April, a modest boost for home shoppers navigating a housing market dampened by rising prices and relatively few available properties. The rate fell to 6.94% from 7.02% last week, mortgage buyer Freddie […]
News & Media WASHINGTON – The Department of Veterans Affairs plans to temporarily lift its ban on buyers directly paying for professional real estate representation until the agency deems it necessary to engage in a formal rulemaking process, a VA official said Tuesday at a Mortgage Bankers Association conference in New York. Although not […]
ORLANDO, Fla.– Florida’s housing market in April showed more closed sales, more for-sale inventory, more new listings and higher median prices compared to a year ago, according to Florida Realtors®’ latest housing data. “More active listings provide more options and more homeownership opportunities for buyers, which in turn helps encourage buyer demand,” said 2024 […]
NEW YORK – We don’t all have the money or time to do a major overhaul of our homes but there are a few things you can do to freshen things up without blowing the budget. If you are handy on tools, why not have a crack at some of these ideas to breathe […]
News & Media WASHINGTON – The Department of Veterans Affairs plans to temporarily lift its ban on buyers directly paying for professional real estate representation until the agency deems it necessary to engage in a formal rulemaking process, a VA official said Tuesday at a Mortgage Bankers Association conference in New York. Although not […]
WASHINGTON – Receiving notification that you’ve won a business grant — one you don’t remember applying for — could seem like a stroke of luck. It’s not. It’s a scam. Limited access to capital can make a small-business owner especially vulnerable to grant scams, according to Carolina Martinez, CEO of Cameo, a California-based microbusiness […]
ORLANDO, Fla. – The Covid pandemic caused significant volatility in interest rates on 30-year fixed-rate mortgages. Before the pandemic, interest rates remained in the 3% to 5% range, which helped stabilize the housing industry and restore confidence in homeownership. Homeowners could sell their homes five to seven years later at rates similar to when […]
ORLANDO, Fla.– Florida’s housing market in April showed more closed sales, more for-sale inventory, more new listings and higher median prices compared to a year ago, according to Florida Realtors®’ latest housing data. “More active listings provide more options and more homeownership opportunities for buyers, which in turn helps encourage buyer demand,” said 2024 […]
WASHINGTON – Existing-home sales receded in April, according to the National Association of Realtors®. All four major U.S. regions posted month-over-month declines. Year-over-year, sales decreased in the Northeast, Midwest and South but increased in the West. Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – slid 1.9% from […]