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Tariff and layoff worries are leading some to reconsider pending deals, but a surplus of existing homes now has other buyers backing out as well, Redfin said.
February 28
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Pending sales of existing US homes slumped to a record low in January as severe winter weather slowed activity and consumers balked at high prices and mortgage rates ahead of the vital spring selling season.
February 27
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January's median payment also grew at its fastest pace since October as volatile interest rates hit homebuyers' wallets, the Mortgage Bankers Association said.
February 27
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Purchases of new single-family homes decreased 10.5% last month to a 657,000 annualized rate, according to government data issued Wednesday.
February 26
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Recent housing trends more favorable to buyers will ease some of the pressure for higher down payments in order to secure a winning bid, Redfin finds.
February 25
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A national gauge of prices rose 3.9% from a year earlier, according to data from S&P CoreLogic Case-Shiller.
February 25
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Contract closings in January decreased 4.9% to an annualized rate of 4.08 million, data released Friday by the National Association of Realtors show.
February 21
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As homeowners insurance becomes expensive and hard to find, mortgage loan officers should work closely with insurance agents, said Travis Hodges of Viu by Hub.
February 21
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The potential impacts of import tariffs cloud the outlook, though, and could lead mortgage rates to surge and fall throughout the coming year.
February 20
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Reality TV contributed to heightened demand for fixer-uppers and DIY projects, but today's economics are altering consumers' home buying considerations.
February 19
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Shares of all 18 members in the S&P Composite 1500 Homebuilding Index fell, sending the gauge to the lowest intraday level since December 2023, after results from luxury homebuilder Toll Brothers Inc. and key construction data Wednesday indicated the residential real estate market may be in store for more turbulence.
February 19
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Meanwhile, home prices are set to grow 3 to 4% in 2025, a Fitch report predicts.
February 19
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New residential construction decreased 9.8% to an annualized pace of 1.37 million last month, slipping after a nearly 16% surge in December, according to government data released Wednesday.
February 19
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Gahanna, Ohio was the hottest ZIP code for the second consecutive year.
February 19
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Builder confidence had surged following Trump's election win but home financing costs stuck around 7% in recent months have sapped demand and sent builder stocks tumbling.
February 18
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With proposed tariffs on homebuilding materials working looming and a cloudy forecast for mortgage rates, young homebuyers are facing increased volatility.
February 18
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A $1 billion assessment announced Tuesday for California's FAIR Plan, the state-mandated insurer of last resort, is expected to drive up premiums as companies will likely pass some of the costs onto homeowners.
February 13
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The latest refinance surge helped lift total application activity up for a second straight week, even as purchases fell, the Mortgage Bankers Association said.
February 12
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Similar import taxes on steel and aluminum were imposed by President Trump during his first term, albeit at a lower rate for the latter material.
February 11
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West Virginia has the lowest monthly mortgage payment of $1,838.
February 11
