by Editor | Nov 8, 2024 | General News
By Amy Connolly Consumer sentiment hits its highest since April. Long-term business conditions have reached their highest optimistic point in almost four years. WASHINGTON — U.S. consumer sentiment improved for the fourth-straight month, hitting its highest reading in...
by Editor | Nov 8, 2024 | General News
By Melissa Dittman Tracey A typical homeowner has accumulated $147,000 in housing wealth over the last five years. Prices remain on solid ground, NAR’s chief economist said. CHICAGO —Homeowners continued to see their equity grow in the third quarter, with nearly 90%...
by Editor | Nov 8, 2024 | General News
Despite higher home prices, the share of consumers who think it’s a good to time to buy increased to 20%. Those who think it’s a good time to sell declined to 64%. WASHINGTON — The Fannie Mae Home Purchase Sentiment Index (HPSI) increased 0.7 points in October to...
by Editor | Nov 7, 2024 | General News
By Christopher Rugaber The Fed cut its key interest rate by 0.25%, lowering it to 4.6%, as inflation drops near its 2% target. Interest rates impact mortgage rates. WASHINGTON — The Federal Reserve cut its key interest rate Thursday by a quarter-point in response to...
by Editor | Nov 7, 2024 | General News
By Alex Veiga Average rates on 30-year mortgages ticked up to 6.79% from 6.72% last week. Borrowing costs on 15-year fixed-rate mortgages rose to 6% from 5.99% last week. NEW YORK — The average rate on a 30-year mortgage in the U.S. rose for the sixth straight week,...
by Editor | Nov 7, 2024 | General News
NAR released a new guide for first time buyers and a video series for Realtors related to the practice changes for the proposed settlement. ORLANDO, Fla.— The National Association of Realtors® published a new Consumer Guide for first-time buyers and created a video...
