November saw a shocking downturn as newly released data disclosed the lowest new home sales in a year, defying expectations. This development has raised concerns within the real estate market. Deciphering the Unexpected 12.2% Decline in a Market Forecasted for Growth The report discloses that, according to Census data, new homes were sold at a […]

A clash over the prospect of rent control in central Florida is heating up this month and will be closely followed across the U.S., as other cities consider ways to address record high rents. The board of commissioners for Orange County, which includes Orlando, last week moved to put a measure on the November ballot […]

Mortgage rates inched down this week but remained near multiyear highs. The 30-year fixed mortgage rate averaged 5.13%, down from 5.22% last week and 5.81% in June, which was the highest rate since 2008, according to a survey by Freddie Mac. A year ago, the rate was 2.86%. Elevated mortgage rates, along with fast-rising home […]

It was more expensive to buy a U.S. home in June than it has been for any month in more than three decades, as record-high home prices collided with a surge in mortgage rates. The National Association of Realtors’ housing-affordability index, which factors in family incomes, mortgage rates and the sales price for existing single-family […]

First American News LLC-Raleigh, NC: Buyers snapped up houses across the country as mortgage rates climbed. The hot U.S. housing market extended into the new year as buyers rushed to purchase homes in the face of record-low inventory and climbing mortgage rates. Get 5-Years of The Wall Street Journal Digital News For $59 Existing-home sales […]

First American News LLC, Raleigh NC: Real estate is considered one approach to hedge against inflation, given the asset class usually has little correlation with stocks and bonds. So naturally, investor interest is soaring — even against the backdrop of a super hot real estate market, a low supply of houses, and mortgage rates threatening […]