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The 30-year fixed mortgage rate increased for the seventh-consecutive week, according to new data from Freddie Mac
The 30-year fixed mortgage rate increased for the seventh consecutive week, according to new data from Freddie Mac.   The 30-year fixed-rate mortgage (FRM) averaged 4.40 percent for the week ending Feb. 22, up from last week when it averaged 4.38 percent. A year ago at this time, the 30-year FRM... Keep Reading....
An estimated 608,000 new homes were sold in 2017
An estimated 608,000 new homes were sold in 2017, which is 8.3 percent above the 2016 figure of 561,000, according to data from the Census Bureau and the Department of Housing and Urban Development. Sales of new single-family houses in December were at a seasonally adjusted annual rate of 625,000,... more
The U.S. housing market gained back all $9 trillion in value it lost when the market collapsed in the past decade, according to new data from Zillow
The U.S. housing market gained back all $9 trillion in value it lost when the market collapsed in the past decade, according to new data from Zillow. However, the recovery has been unevenly spread across the country.   Zillow noted that nationwide home values hit their lowest point in December 2012... more
Average fixed mortgage rates rising for the third consecutive week, according to new data from Freddie Mac.
Average fixed mortgage rates rising for the third consecutive week, according to new data from Freddie Mac.   The 30-year fixed-rate mortgage (FRM) averaged 4.15 percent for week ending Jan. 25, up from last week when it averaged 4.04 percent; this is the product’s highest level since March 2017.... more
Nearly one-quarter of the nation’s 100 largest cities shifted from owner- to renter-majority between 2006 and 2016, according to data report released by RentCafé. During this period, the level of renting outpaced homeownership in 97 of the 100 cities.   “The total U.S. population has increased by... more