Housing Wire
SEPTEMBER 28, 2023
An index of 100 is equal to the level of contract activity in 2001. Pending home sales, like new home sales, are based on contract signings. Mortgage rates have been rising above 7% since August, which has diminished the pool of home buyers,” Lawrence Yun, NAR chief economist said.
Housing Wire
MAY 17, 2024
The guarantee means that the bank promises an on-time closing on or before the contract closing date, or it will pay the homebuyer $20,000. Dimon further suggested a “candid review” of the thousands of new rules implemented since the passage of the Dodd-Frank Act in 2010. Dimon wrote.
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Housing Wire
NOVEMBER 21, 2023
Elevated mortgage rates and high home prices pushed sales of existing homes down again in October to the lowest monthly pace since August 2010. Homes typically go under contract a month or two before the closing, which means the October data largely reflects purchase decisions made in August and September. from October 2022’s $378,800.
Housing Wire
FEBRUARY 21, 2023
Before that, you have to go back to October 2010 to find total sales this low.” Inventory remains low, but buyers are beginning to have better negotiating power,” Yun added. Buyers have started adjusting their expectations and are ready to get back into the market,” Sturtevant said. year over year to $359,000. This represents 2.9
Housing Wire
OCTOBER 16, 2023
Up from 45% last year and a notable increase from 37% in 2021, the report also mentioned that this share of first-time homebuyers likely hasn’t been this high since 2010, when there was a first-time homebuyer tax credit. It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks.
Housing Wire
MAY 10, 2022
These reports highlight the difference home buyers and potential home buyers have when embarking on the buying process. The homeownership rate for Black Americans has actually declined between 2010 and 2020 and stands at 43.4%, while the homeownership rate for white Americans is 72.1%. While the homeownership rate in the U.S.
Housing Wire
OCTOBER 1, 2022
Notably, the market has contracted as fewer buyers can afford to purchase in today’s market with the rise in interest rates and the continual rise in home prices. One way to understand the competitiveness of the market is to look at buyers who are waiving contingencies. All cash buyers now stand at 24%. Historically 2.5
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