Mortgage rates

Buyers snapped up new homes over the past two months at the fastest pace in more than 12 years, adding to signs of sturdy housing demand amid lower prices and borrowing costs.

The median price of a home in metro Atlanta dropped slightly last month, to just under $250,000, but was still higher than a year earlier, according to a report from Remax.

Mortgage prepayment levels were at their highest in over six years during October, as existing homeowners took advantage of the lower rates to refinance, or to a lesser extent, purchase a new residence, Black Knight said.

Palm Beach County, Fla., home prices continued their trend of modest appreciation in October, and sales volumes dipped despite a robust economy.

San Diego's home market got better for sellers in September.

Sales of previously owned homes increased in October as buyers responded to falling mortgage rates, extending a recovery in the residential real estate market this year that’s providing a modest boost to economic growth.

Mortgage rates fell this week, reversing a gradual upward trend, to reach their lowest level in six weeks, according to Freddie Mac.

Entry-level home buyers outnumbered sellers in the Twin Cities metro in October, boosting prices and stifling sales of houses priced at less than $300,000.

Mortgage lenders are operating in a refinance-dominated market again for the first time in years, but it may offer diminishing returns.

Existing-home sales outperformed their estimated potential for October on improved consumer buying power since the start of 2019 and lower mortgage rates, First American said.