Housing Market Shifts as Sellers Adjust Prices

Housing Market Shifts as Sellers Adjust Prices

By Alex Veiga Homebuyers are gaining leverage as sellers cut prices, offer concessions and listings linger, though affordability challenges keep sales near historic lows. LOS ANGELES — Skyrocketing housing values and a shortage of homes on the market gave homeowners...
Three Paths for Mortgage Rates Ahead

Three Paths for Mortgage Rates Ahead

By Jeff Ostrowski A Fed rate cut is expected Sept. 17, but mortgage rates, shaped by investor demand and Treasury yields, could rise, steady or drop. WASHINGTON – Nearly everyone thinks the Federal Reserve will cut interest rates this week. That sentiment has...
Builder Confidence Steady, Future Sales Look Up

Builder Confidence Steady, Future Sales Look Up

Builder sentiment remained unchanged in September. Lower mortgage rates and a possible Fed rate cut lifted future sales expectations, while more builders cut prices. WASHINGTON – Builder sentiment levels remained unchanged in September but lower mortgage rates and...
U.S. Housing Affordability Shows Modest Gains

U.S. Housing Affordability Shows Modest Gains

With mortgage rates easing and home prices slowing, affordability has increased 3.1% YOY across the U.S. However, conditions remain well below pre-pandemic norms. NEW YORK – After years of challenges, housing affordability in the United States is showing slight...
Drop in Mortgage Rates Sparks Refinances

Drop in Mortgage Rates Sparks Refinances

By Holden Lewis Mortgage rates fell to an 11-month low, prompting more refinancing. Experts urge caution if the break-even period to recoup costs is over two years. NEW YORK — Mortgage rates have fallen to their lowest level in 11 months. Already, some homeowners are...