by Beth McGuire | Dec 19, 2024 | Industry News, Latest News, National, News, Premier |
Mortgage rates reversed course this week after several weeks of declines, but continue to make small moves around the mid- to upper sixes. This week the 30-year fixed-rate mortgage (FRM) averaged 6.72%, up from last week’s average of 6.60%, according to the latest...
by | Dec 19, 2024 | Economy, Industry News, Latest News, National, News, Premier |
The Conference Board Leading Economic Index (LEI), which measures indicators of significant turning points in the business cycle and where the economy is headed in the near term, saw a rise for the first time in eight months and nearly completely reversed course from...
by | Dec 19, 2024 | Agents, Brokers, Industry News, Latest News, Lead Story, National, News, Premier |
It’s a troubling trend, at least for those working within the residential real estate realm. Homebuyer hopefuls priced out of the American Dream having to reluctantly continue to rent is one thing. But having some of those same folks shift gears and embrace renting...
by Beth McGuire | Dec 19, 2024 | Agents, Best Practices, Brokers, Industry News, Latest News, Lead Story, Luxury, National, News, Premier, Social Media, Teams, Tech |
Ask any real estate or mortgage professional what housing has been like in 2024, and the answer is likely chaotic. Ask consumers the same question, and they’ll probably sum it up in one word: unaffordable. A continued trend of higher-for-longer mortgage rates will...
by | Dec 19, 2024 | Economy, Industry News, Latest News, National, News, Premier |
As widely expected, Federal Reserve (Fed) officials lowered interest rates again, marking the third cut this year—although markets wobbled based on projections of a slower pace of cuts going into 2025. During its final meeting of the year, the Federal Open Market...
by | Dec 19, 2024 | Industry News, Latest News, National, News, Premier |
Existing-home sales continue to rise year-over-year for the second month as economists say buyers are feeling more positive about their market prospects. Total existing-home sales improved 4.8% in November, rising from October’s rate of 3.96 million to 4.15 million....