Sales of existing homes were weaker than expected in March, but behind the headline numbers, an even more disconcerting dynamic is playing out.
Two weeks of rising rates are taking their toll on homeowners hoping to refinance, but homebuyers are not pulling back.
Builder confidence rose 1 point to 63 in April on the monthly National Association of Home Builders/Wells Fargo Housing Market Index.
A turnaround in interest rates turned borrowers back on their heels last week, deflating a quick boom in refinance demand.
Lower mortgage rates are likely behind a surge in positive housing sentiment, which could help rev up what started as a sluggish spring season.
There is a new way to take cash out of your home with no monthly payments and no interest. It's not a loan. It's not a mortgage. It is a contract with an investor who wants to purchase some of your home equity in cash—but it can be costly in the end.
If you're shopping for a cheap home this spring, good luck. The median value of homes listed for sale in March hit a record $300,000, according to realtor.com.
Home price gains are about to take off, according to Corelogic. The real estate data and analytics company is predicting that annual gains in home prices could hit close to 5 percent by 2020, thanks to falling interest rates.
A sharp drop in interest rates last week suddenly made millions more borrowers eligible for a mortgage refinance.
Homebuyers got a big boost to their purchasing power this week thanks to falling mortgage rates.
The supply of homes for sale has been rising steadily, up over 3 percent in February compared with a year ago.
During the first three weeks of March, a mere 16 percent of Redfin buyer offers faced a bidding war, compared with 61 percent a year earlier.
Applications to refinance jumped 12 percent for the week as homeowners rushed to take advantage of attractive rates.
The U.N.'s housing advisor singles out Blackstone's practices in a critique of the role of private equity in the housing market, The Guardian reports.
Homes listed in the first week of April get 14 percent more online views and are likely to sell six days faster than during the rest of the year.
Prices are rising, but the gains are shrinking, since fewer buyers are able to afford the homes available for sale.
The average rate on the 30-year fixed mortgage is falling again today, as investors rush into the bond market. Mortgage rates loosely follow the yield on the 10-year Treasury. Lower rates area already igniting home buying.
Sales of existing homes skyrocketed a whopping 11.8 percent in February compared with January, according to the National Association of Realtors.
The average rate on the popular 30-year fixed rate mortgage, which had been sitting for days at 4.40 percent, fell sharply to 4.34 percent.
Lower rates are not giving mortgage demand any sizable boost, except when it comes to higher-end homes.