Rates on 30-year mortgages fell to 6.65% from 6.67% last week, while rates on 15-year mortgages rose to 5.89% from 5.83% last week, Freddie Mac said. NEW YORK — The average rate on a 30-year mortgage in the U.S. fell slightly this week, a welcome reversal for homebuyers in what is traditionally the busiest time … Read more
Sales of newly built, single-family homes in February increased 1.8% thanks to slightly lower mortgage rates. Inventory was up 7.5% compared to a year earlier. WASHINGTON — A slight decline in mortgage rates and limited existing inventory helped new home sales to edge higher in February even as housing affordability challenges continue to act as … Read more
U.S. house prices rose 4.8% year over year, from Jan. 2024 to Jan. 2025. For the nine census divisions, monthly home price changes ranged from -0.8% to +1%. WASHINGTON — U.S. house prices rose 0.2% in January, according to the U.S. Federal Housing (FHFA) seasonally adjusted monthly House Price Index (FHFA HPI®). House prices rose … Read more
FinCEN issued an interim final rule removing reporting mandates for U.S. companies under the Corporate Transparency Act and set new deadlines for foreign companies. WASHINGTON — Consistent with the U.S. Department of the Treasury’s March 2, 2025, announcement, the Financial Crimes Enforcement Network (FinCEN) is issuing an interim final rule that removes the requirement for … Read more
A Pew Research survey of 3,600 U.S. adults revealed the ideal ages for life milestones: marriage (26.5), first child (27.3), home purchase (28.8) and retirement (61.8). NEW YORK – Young adults in the United States are reaching family and financial milestones later in life than they were 40 years ago. That begs the question: What … Read more
NAR’s new Consumer Guide explains homeowners associations (HOAs), covering fees, rules and other important information, helping buyers make informed decisions. ORLANDO, Fla. — Living in a community with a homeowners association comes with benefits and responsibilities that may be unfamiliar to buyers, particularly to first-time owners. HOAs are designed to maintain the standards and integrity … Read more
Home staging boosts appeal and value, with 81% of agents saying it helps buyers visualize a home. Effective staging may help sell homes faster and at higher prices. NEW YORK – Home staging and detailed checklists can help real estate professionals prepare a home for listing. The more agents understand staging, the better prepared they … Read more
The rate on 30-year mortgages rose to 6.67% from 6.65% last week. Borrowing costs on 15-year fixed-rate mortgages rose to 5.83% from 5.8%. NEW YORK — The average rate on a 30-year mortgage in the U.S. rose slightly for the second week in a row, a modest setback for prospective home shoppers as the spring … Read more
The Fed signaled it still expects to cut rates twice this year but now anticipates slower economic growth than it did three months ago. WASHINGTON — The Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it still expects to cut rates twice this year, though more policymakers forecast fewer cuts. The … Read more
Single-family home starts rose 11.4% in February, driven by low existing inventory, but builders face high costs and labor shortages, the NAHB reported. WASHINGTON — Limited existing inventory helped single-family starts post a solid gain in February, but builders are still grappling with elevated construction costs stemming from tariff issues and persistent shortages related to … Read more
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