by Beth McGuire | Sep 21, 2023 | Industry News, Latest News, Lead Story, National, News, Premier |
Continuing in its downward trend, sales of existing homes moved lower last month, down 0.7% in August to a seasonally adjusted annual rate of 4.04 million, according to the latest existing-home sales report from the National Association of REALTORS®. Year-over-year,...
by | Sep 21, 2023 | Industry News, Latest News, National, News, Premier |
The 30-year fixed-rate mortgage (FRM) remained relatively flat, increasing minorly from last week’s average of 7.18% to an average of 7.19% this week, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week’s...
by | Sep 21, 2023 | Economy, Industry News, Latest News, National, News, Premier |
The Leading Economic Index (LEI) fell 0.4% in August to 105.4, continuing the recent downward trend, according to the latest release from The Conference Board. August’s LEI is down 3.8% over the six-month period between February and August 2023—little changed from its...
by | Sep 21, 2023 | Agents, Brokers, Industry News, Latest News, Lead Story, Premier |
As the REALTOR® community continues to grapple with the aftermath of the sexual harassment scandal that resulted in the ouster of President Kenny Parcell, two anonymous letters suggest there is division among NAR staff regarding how to address the past and move...
by | Sep 20, 2023 | Agents, Brokers, Economy, Industry News, Latest News, Lead Story, National, News, Premier |
For just the second time in 19 months, the Federal Reserve chose today to meet without raising interest rates, leaving the federal funds rate as is even as the economy—and specifically, a very vulnerable housing market—shows signs of weakness. But the central bank...
by Beth McGuire | Sep 20, 2023 | Industry News, Latest News, National, News, Premier |
Mortgage applications increased 5.4% from one week earlier, after a decrease of 0.8% and a 27-year low the week before, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association’s (MBA) for the week ending September 15, 2023....