by Jesse Williams | Jun 16, 2022 | Agents, Brokers, Consumer, Industry News, Latest News, Lead Story, National, News, Premier, Teams |
“Comparing anything to 2020 or 2021, it doesn’t make any sense.” That is the conundrum—summed up frankly by Anne Marie DeCatsye, CEO of the Canopy REALTOR® Association in Charlotte, North Carolina—for anyone trying to parse out the current real estate market. As...
by Jesse Williams | Jun 16, 2022 | Agents, Brokers, Industry News, Latest News, National, News, Premier, Teams |
Mortgage rates continued their upward trajectory this week, with the 30-year fixed-rate mortgage (FRM) surging from 5.23% last week to 5.78% this week, according the latest Primary Mortgage Market Survey (PMMS), released by Freddie Mac Thursday. Key findings: 30-year...
by Jesse Williams | Jun 16, 2022 | Agents, Brokers, Industry News, Latest News, National, News, Premier, Teams |
Housing starts fell 14.4% year-over-year in May to a seasonally adjusted annual rate of 1.55 million, according to the latest data from the National Association of Home Builders (NAHB), as significant economic uncertainty and rising mortgage rates press down on both...
by Jesse Williams | Jun 15, 2022 | Agents, Brokers, Industry News, Latest News, Luxury, National, News, Premier, Teams |
Home builders are seeing hard times ahead as the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) measuring builder confidence fell to its lowest reading since June of 2020, responding to an increase in mortgage rates and a slowing...
by Jesse Williams | Jun 15, 2022 | Agents, Brokers, Industry News, Latest News, Luxury, National, News, Premier, Teams |
Mortgage applications increased 6.6% from one week earlier, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association’s (MBA) for the week ending June 10, 2022. Last week’s results are compared to the prior week, which included...
by | Jun 15, 2022 | Agents, Brokers, Industry News, Latest News, National, News, Premier |
Through the early months of this year, Fed Chair Jerome Powell, Treasury Secretary Janet Yellen and a broad swath of economists insisted that inflation had plateaued—or soon would—offering hope that a steady increase in interest rates this year could guide the...