Sales of new homes in the U.S. rose heading into the summer months, despite high selling prices and low home inventory.
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U.S. New Home Sales Rose 6.7% in May
Sales of new homes in the U.S. rose heading into the summer months, despite high selling prices and low home inventory.
The post U.S. New Home Sales Rose 6.7% in May appeared first on Real Estate News & Insights | realtor.com®.
Home Prices Continued to Rise in March
Home-price gains showed no signs of slowing in March, putting continued pressure on buyers as mortgage rates have also recently risen to their highest levels in years.
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The Era of Low Mortgage Rates Is Over
Mortgage rates this week jumped to their highest level since 2011, signaling a shift from a period of ultracheap loans to a higher-rate environment that could slow home price appreciation and squeeze first-time buyers.
The post The Era of Low Mortgage Rates Is Over appeared first on Real Estate News & Insights | realtor.com®.
The Era of Low Mortgage Rates Is Over
Mortgage rates this week jumped to their highest level since 2011, signaling a shift from a period of ultracheap loans to a higher-rate environment that could slow home price appreciation and squeeze first-time buyers.
The post The Era of Low Mortgage Rates Is Over appeared first on Real Estate News & Insights | realtor.com®.
Owning Is the New Renting: Homeownership Trends Upward as U.S. Loses Renter Households
Rising wages, loosening credit standards and demographic shifts are all creating momentum for owning rather than renting.
The post Owning Is the New Renting: Homeownership Trends Upward as U.S. Loses Renter Households appeared first on Real Estate News & Insights | realtor.com®.
Home Prices Continued to Rise in February
Home-price gains accelerated in February for the 70th consecutive month, creating increasingly challenging conditions for buyers as interest rates also rise and inventory remains tight.
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Tax Changes Mean Mortgage-Interest Deduction Finds Fewer Takers
The new mortgage-interest deduction is smaller and much more concentrated among high-income households.
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Homebuilding Isn’t Keeping Up With Growth, Development Group Says
America’s housing shortage is more wide-ranging than cloistered coastal markets, stretching from pricey locales such as California and Massachusetts to more surprising places, such as Arizona and Utah.
The post Homebuilding Isn’t Keeping Up With Growth, Development Group Says appeared first on Real Estate News & Insights | realtor.com®.
Rising Home Prices Push Borrowers Deeper Into Debt
More Americans are stretching to buy homes, the latest sign that rising prices are making homeownership more difficult for a broad swath of potential buyers.
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