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Today's housing market has echoes of dark era. High inflation and a disappointing report on economic growth — followed by a sudden drop in stocks late last month — made for a familiar economic ...
As high mortgage rates continue to influence the housing market, an increase in home sellers reducing their asking prices marks the highest level of price cuts in 18 months. Amid market ...
Rising home prices in conjunction with rising mortgage rates have driven the median monthly housing payment to a record $2,890—a whopping 15% year-over-year increase, the Redfin report shows.
NAR expanded on the data with an economist report released Monday illustrating how today’s housing market compares to that of 1995, when there were 3.85 million existing home sales.
Meanwhile, Fannie Mae’s latest Home Purchase Sentiment Index (HPSI) decreased by 0.9 points in March to 71.9, with more than three-quarters of respondents — 79 percent — saying they believe ...
Key housing market statistics. According to Bankrate’s weekly national survey of large lenders, the average mortgage interest rate on a 30-year loan was 7.12 percent as of May 15.. Existing-home ...
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