Trends

Average mortgage rates were on the rise after several weeks in decline, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS) for the week ending April 26
Average mortgage rates were on the rise after several weeks in decline, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS) for the week ending April 26.   The 30-year fixed-rate mortgage (FRM) averaged 4.03 percent, up from last week when it averaged 3.97 percent. The 15-year FRM this... Keep Reading....
New York State recorded 25,366 closed sales in the first quarter
New York State recorded 25,366 closed sales in the first quarter, a 2.7 percent year-over-year rise, according to data from the New York State Association of Realtors (NYSAR). For March, there were 8,889 closed sales, a 2.9 percent increase from one year ago.   The first quarter’s statewide median... more
Total existing-home sales soared by 4.4 percent to a seasonally adjusted annual rate of 5.71 million in March from a downwardly revised 5.47 million in February
Total existing-home sales soared by 4.4 percent to a seasonally adjusted annual rate of 5.71 million in March from a downwardly revised 5.47 million in February, according to new data from the National Association of Realtors (NAR). On a year-over-year basis, March’s sales pace is up 5.9 percent—... more
The 30-year mortgage rate dropped below four percent and hit its lowest level since November 2016, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS) for the week ending April 20.   The 30-year fixed-rate mortgage (FRM) averaged 3.97 percent, down from last week when it averaged 4.08... more
The median rent payment in the U.S. reached $1,408 last month as rents by a relatively scant 0.7 percent from March 2016
The median rent payment in the U.S. reached $1,408 last month as rents by a relatively scant 0.7 percent from March 2016, according to new data from Zillow. March’s rent data reflected the slowest rate of appreciation since November 2012.   Somewhat surprisingly, rents in the pricey Bay Area saw... more