There are fewer bidding wars and homes selling above asking price, report finds
Though the demand for homes remained strong across the United States in August, there are clear signs that the housing market is past its peak.
A report from residential brokerage Redfin found that pending sales ...View More
Photo from DS News
It’s no secret that the COVID-19 pandemic has turned the real estate market into a wild domain. If you’re looking to buy or sell a home, you’re likely eager to know how long this will last.
In June 2021, home prices across the U.S. surged 24.8 ...View More
The inventory of unsold homes rose by 7.3% to 1.32 million from June to July
Existing-home sales grew by 2.0% in July from the month prior, a report published by the National Association of Realtors on Monday found. But first-time homebuyers are still getting ...View More
FHA and VA loans saw an increase in applications
Mortgage applications decreased 3.9% for the week ending Aug. 13 compared to the week prior and fewer borrowers opted to refinance, according to the latest report from the Mortgage Bankers Association.
Ten-year Treasury yields rose overall but tapered ...View More
Mortgage applications increased 2.8% for the week ending Aug. 6, and there are signs that at least some first-time homebuyers are finding opportunities despite high ...View More
Home prices, however, are depressing the purchase market
Mortgage applications increased 5.7% for the week ending July 23, mostly on the back of fast-falling mortgage rates.
The 10-year Treasury yield went into free fall last week, as investors grew concerned about the rise in COVID-19 variant cases and ...View More
This quarter on @ The Market, the pandemic is receding, restaurants and ballparks are filling up, and the housing market is running hot. @properties always says “love where you live” and it sure feels like the summer of love in Chicago for many home buyers and sellers. Amid this ...View More