Housing Wire
SEPTEMBER 15, 2023
Buyers facing high mortgage rates are pulling out of their home-purchase agreements at the highest rate in nearly a year. Rates last month surged to 7.23%—the highest since 2001 – sending the typical homebuyer’s monthly payment up significantly from last year. That rate is up from 14.3% The median U.S. million in August, falling 1.1%
Housing Wire
JANUARY 3, 2023
An index of 100 is equal to the level of contract activity in 2001. Pending-home sales in November reflect a freeze in the housing market, as buyers remain on the sideline and sellers are staying put,” Odeta Kushi, First American’s deputy chief economist, said in a statement.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Housing Wire
OCTOBER 28, 2022
An index of 100 is equal to the level of contract activity in 2001. The Federal Reserve has had to drastically raise interest rates to quell inflation, which has resulted in far fewer buyers and even fewer sellers.”. Only when inflation is tamed will mortgage rates retreat and boost home purchasing power for buyers.”.
Housing Wire
AUGUST 24, 2023
This week, the 30-year fixed-rate mortgage reached its highest level since 2001 and indications of ongoing economic strength will likely continue to keep upward pressure on rates in the short-term,” said Sam Khater, Freddie Mac’s chief economist. In July, 26% of existing homes sold to cash buyers while 7% of new homes sold to cash buyers.
Housing Wire
SEPTEMBER 7, 2022
It launched an interactive media platform as well in the fall of 2021, called Glocaly, which serves as a listing and marketing exchange for matching sellers and buyers of condos. Since our inception in 2001, we have delivered more than 1,000 single-family homes and 25 condominiums.
Housing Wire
MAY 31, 2022
The company estimates there are about 3 million “aged properties” in the Chicago area alone, with almost 88% of them built before 2001. New Western calls itself “the largest private source of investment properties in the country,” connecting more than 100,000 local investors looking to rehab houses with sellers.
Housing Wire
AUGUST 30, 2022
Total Inventory had been growing from 2001-2005; total listings data in 2005 was at the higher historical range of 2.5 NAR Total Listing Data: If we cut the timeline to the last time inventory grew, which was 2014, you can see this downtrend in inventory, unlike 2001-2005, when inventory grew from 2 million to 2.5 million listings.
Expert insights. Personalized for you.
386 
Let's personalize your content