Mortgage demand falls to lowest level since 1996
A house is for sale in Arlington, Virginia, July 13, 2023. Saul Loeb | AFP | Getty Images Mortgage rates just continue to climb higher, taking a particularly big leap …
Mortgages
Mortgage rate heads toward 8%
Ryan Ratliff, center, real estate sales associate with Re/Max Advance Realty, shows Ryan Paredes, left, and Ariadna Paredes a home for sale in Cutler Bay, Florida, on April 20, 2023. …
Mortgage demand shrinks as interest rates hit nearly 23-year high
Ryan Ratliff (L), Real Estate Sales Associate with Re/Max Advance Realty, shows Ryan Paredes (R) and Ariadna Paredes a home for sale on April 20, 2023 in Cutler Bay, Florida. …
Ottawa making financing cheaper for more builders to spur rental construction – National
The Liberal government’s latest plan to get more rental housing built is to expand a program that helps developers secure cheaper mortgage rates as higher interest costs affect the viability …
New home sales fall in August
Sales of newly built homes fell 8.7% in August from July to a seasonally adjusted annualized pace of 675,000 units, according to the U.S. Census Bureau. That is the slowest …
Home sales stick near recent lows in August while prices climb
A “For Sale” sign is displayed in front of a home in Arlington, Virginia, on August 22, 2023. Andrew Caballero-Reynolds | AFP | Getty Images Sales of previously owned homes …
Homebuilder sentiment goes negative for the first time in 7 months
U.S. homebuilders are feeling pessimistic about their business for the first time in seven months, thanks to stubbornly high mortgage rates. Builder confidence in the single-family housing market fell 5 …
Apartment rents on verge of declining due to massive supply
Apartment rents have been cooling off sharply for several months, and they look like they’re about to go negative compared with a year ago. Rents in August were just 0.28% …
Home prices rise in July, but may be on the verge of cooling off
After rising steadily since January, home prices may now be turning lower again. The latest read on home prices shows they hit another all-time high in July, rising 2.3% from …
Mortgage demand from homebuyers drops to a 28-year low as interest rates soar
Homes in Centreville, Maryland, US, on Tuesday, April 4, 2023. Nathan Howard | Bloomberg | Getty Images Mortgage rates jumped last week to the highest level in 23 years, pushing …