As The Mortgage Rates Continue Their Downward Trend What Does It Mean For Housing Market?

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In: Mortgage News

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The Federal Reserve’s decision to slow the pace of rate hikes this week has pushed mortgage rates lower – even as the central bank reiterated that it will continue to firm the economy next year.  These lower rates are encouragingContinue Reading

Great News For Housing Market as Inflation slows in November

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In: Realtor News

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Inflation has held up faster than expected in November, increasing the likelihood that the Federal Reserve will slow the pace of interest rate increases.  This is good news for the real estate market, which has suffered greatly from the impactContinue Reading

The housing market is Still Struggling In Q4 In spite Of Rate Drop

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In: Realtor News

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The housing slump began in earnest in October. Existing home sales fell 5.9% from September to a seasonally adjusted annual rate of 4.43 million units in October, down 28.4% from a year ago. This is the largest annual decline inContinue Reading

Homebuilder Confidence Continues to Drop in November

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In: Realtor News

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According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), unless the COVID-19 pandemic begins in the spring, homebuilder confidence fell in November to the lowest level since June 2012. 2020 . ) report, released onContinue Reading

In spite Of the Cooling Housing Market Title Insurance Companies are Gaining Profits

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In: New Home Mortgage News

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Third quarter earnings season kicked off last week with three (Stewart, First American, and Old Republic) “big four” insurers reporting earnings on Thursday. Given the current environment of volatile mortgage interest rates and the resulting slowdown in homebuyer demand, it’sContinue Reading

Rising Rates And Declining Demands Resulting In Housing Market Slowdown – Freddie Mac Report

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In: Realtor News

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Freddie Mac (OTCQB: FMCC) said today that the current downturn in the housing market will continue due to reduced demand.  In a new quarterly forecast, the company’s chief economist indicated that mortgage interest rates that doubled last year were aContinue Reading

Clear Capital To Plan Lay Off Due To Slow housing market

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In: Realtor News

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Real estate valuation technology company Clear Capital is cutting its workforce by 27 percent in its U.S. offices due to a slowing housing market, the firm said. Founded in 2001, the Nevada-based company offers solutions to streamline the appraisal process,Continue Reading

Some Homebuyers See Potential In The Distrustful Housing Market

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In: New Home Mortgage News

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Steadily rising home prices and fluctuating mortgage rates have created the cheapest housing market in decades, but few consumers believe now is the right time to buy a home. According to Fannie Mae’s recent Home Buyer Sentiment Index, 19 percentContinue Reading

As the Housing Market Cools The Property Sales In Houston Drops

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In: Realtor News

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A shortage of buyers and scarce new listings are prompting an increase in homes sitting available longer than a month. While this is uplifting news for buyers, it’s a source of frustration for sellers, Redfin as of late revealed. AsContinue Reading

Is The Housing Market Still Inclined Towards Sellers?

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In: Realtor News

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With more talk of the real estate market cooling off from the peak chaos it experienced during the pandemic, you may be wondering what this means for your plans to sell your home.  If you are considering a move, youContinue Reading