Existing-Home Sales Rebound 1.9% in October as Low Mortgage Rates Continue to Provide a Lift

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Kritchanut/iStockThe numbers: Sales of previously-owned homes rose 1.9% in October — the latest housing statistic to demonstrate the upward lift low mortgage rates have provided to the U.S. real-estate market.

The post Existing-Home Sales Rebound 1.9% in October as Low Mortgage Rates Continue to Provide a Lift appeared first on Real Estate News & Insights | realtor.com®.

Bad News, Home Buyers: It’s More Expensive for Developers to Buy Lots for New Houses

realtyexpertsReal Estate News

It’s costing real-estate developers a pretty penny to purchase lots for single-family homes. And that could spell trouble for people who are struggling to afford to buy a home.

The post Bad News, Home Buyers: It’s More Expensive for Developers to Buy Lots for New Houses appeared first on Real Estate News & Insights | realtor.com®.

Bad News, Home Buyers: It’s More Expensive for Developers to Buy Lots for New Houses

realtyexpertsReal Estate News

It’s costing real-estate developers a pretty penny to purchase lots for single-family homes. And that could spell trouble for people who are struggling to afford to buy a home.

The post Bad News, Home Buyers: It’s More Expensive for Developers to Buy Lots for New Houses appeared first on Real Estate News & Insights | realtor.com®.

Mortgage Rates Are Increasing Again—So Why Did More People Apply for Home Loans?

realtyexpertsReal Estate News

On average, the 30-year fixed-rate mortgage now comes with a rate of 3.75%. Last week, mortgage rates had fallen after three straight weeks of increases.

The post Mortgage Rates Are Increasing Again—So Why Did More People Apply for Home Loans? appeared first on Real Estate News & Insights | realtor.com®.