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Even with falling rates, the housing market is shaping up to be bad in Q4

Housing Wire

That’s the largest year over year existing home sales decrease since 2007. More potential homebuyers were squeezed out from qualifying for a mortgage in October as mortgage rates climbed higher,” National Association of Realtors Chief Economist Lawrence Yun said in a statement. ”

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Real Estate Real Fast EP4 (solo-show with Aaron talking Fall/Winter 2022 Texas housing market)

Listing Spark

In August, the median home value in the greater Austin metropolitan area was $496,000 and that’s up 5%. New listings are down 6%, so there are less homes coming onto the market than there were this time last year. Nationally active listings are up 26.9%. And housing prices are still up! “In

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November 2023 Connecticut Housing Report

Lamacchia Realty

The number of homes listed increased by 5.7% Mortgage rates in November fell from the October highs, coming down to the low 7s towards the end of the month, per Mortgage News Daily. In fact, Hartford, CT saw the largest year-over-year increase in home prices amongst the 50 largest U.S. What’s next?

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Texas Real Estate Trends: Q3 2023 Comprehensive Review

Listing Spark

A Dip in New Mortgages With interest rates soaring to unexpected heights, many prospective homebuyers have taken a step back from applying for new mortgages. Many have been caught off guard by the spike in rates and are cautiously waiting and hoping for home values to become more affordable.

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ROOTING HARD FOR LOWER MORTGAGE RATES

Will Springer Realtor

The past year witnessed a financial rollercoaster, with interest rates fluctuating between 5.99% and 8.03% for conventional 30-year mortgages, according to Mortgage News Daily. Treasurys and mortgage-backed securities. At the same time, many homeowners are sitting comfortably with low mortgage rates.

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November 2023 South Florida Housing Report

Lamacchia Realty

november 2023 south florida housing report Broward County In November of 2023, Broward County single-family homes as well as c ondos/townhomes saw decreases in closed sales and pending sales, but increases in average price and new listings. An increase in active inventory as well as new listings is great news for buyers!

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November 2023 New Hampshire Housing Report

Lamacchia Realty

The number of homes listed increased by 7.3% Mortgage rates in November fell from the October highs, coming down to the low 7s towards the end of the month, per Mortgage News Daily. Make sure you are staying prepared with updated preapprovals and informed regarding your different mortgage options.