By ~ Kerry Smith The average rate for a 30-year, fixed-rate mortgage rose from last week’s 2.93% to 3.02% in one week, likely due to a surging economy and elevated inflation. MCLEAN Va. – Mortgage rates rose about 3% – to 3.02% – for the first time in 10 weeks, according to Freddie Mac’s weekly

Florida Realtors’ data: May had more closed sales, more new listings and higher median prices (up 27.7% for single-family homes, 24.1% for condos) than a year ago. ORLANDO, Fla. – Florida’s housing market continued to report more closed sales, higher median prices, more new listings and increased pending inventory compared to a year ago, according

By ~ Kerry Smith Calling the current housing shortage “dire, with a chronic shortage of affordable” homes, NAR suggests steps to take but warns it requires a “major national commitment.” WASAHINGTON – In a just-released report, the National Association of Realtors (NAR) takes a bleak look at America’s housing market that’s “more dire than previously

Homes.com: In the past six months, 82% of listings sold for list price or higher, plus 1 in 10 had no showings before contract signing, and 1 in 4 had 5 showings or less. NEW YORK -With a low supply of homes for sale, sellers find sales happen quickly and fetch higher and higher offers.

By ~ Kerry Smith The 12 groups – which includes NAR, bankers and Landlords applauded pandemic efforts but said it’s time for eviction ban to end as scheduled on June 30, 2021.   WASHINGTON -A broad real estate coalition urged the Biden Administration to sunset the federal moratorium on evictions as scheduled on June 30,

Many owners would love to get top dollar for their home, but they weight that perk against the downside -buying another home – and fears outweigh their desire to list. NEW YORK – Some homeowners are reluctant to sell amid a hot housing market because the profit they stand to make is less of a

The president is launching a first-ever interagency effort to address “home appraisal inequities” and recommend rules to “aggressively combat housing discrimination.” TULSA, Okla. – President Joe Biden traveled to Tulsa, Oklahoma, this week to honor the 100th anniversary of the Tulsa Race Massacre, an infamous event where a Black business district, nicknamed Black Wall Street,

S&P Case-Shiller: An army of buyers competing for fewer homes pushed prices up 13.3% in March, for the biggest year-to-year home price gain since December 2013.   WASHINGTON (AP) -March U.S. home prices jumped by the most in more than seven years as an increasing number of would-be buyers compete for a dwindling supply of

Two-thirds of homeowners in forbearance have already started making monthly payments – and March had the best single month improvement in delinquencies in 11 years. SAN FRANCISCO – Many homeowners granted forbearance on their mortgage payments during the pandemic will reach their 18-month program eligibility limit at the end of September. However, two-thirds of the

Rising home prices and recession memories have convinced some buyers that a bubble will pop and prices will drop. But it’s just too much demand and too little supply. NEW YORK – The U.S. housing market is on a hot streak with double-digit annual gains in home prices, bidding wars and surging buyer demand. That