Pending home sales are up just 0.8% from a year ago, with many house hunters hoping rates will drop substantially more. But if that were to happen, sellers would regain the upper hand and home prices would likely rise more. The median U.S. home-sale price rose 2.2% year over year during the four weeks ending […]
The median home-sale price in Santa Barbara, the most expensive college town in the U.S., is almost $2 million. When it comes to housing, the most expensive college town in the U.S. is Santa Barbara, CA, home to a University of California campus with about 26,000 students. Santa Barbara’s median home-sale price is nearly $2 […]
Places anchored by major universities and colleges have their own unique communities and housing needs. Here’s a look at key housing-market stats for U.S. college towns, from Eugene, OR to Madison, WI to Gainesville, FL. With back-to-school season in full swing, we’re taking a look at housing markets in the 50 biggest college towns in […]
Wages are up 4.1% year over year, while asking rents are up 2.6% and mortgage-payment growth has slowed to roughly 0% amid declining mortgage rates and a slowdown in home prices. Wages are up 4.1% year over year, outpacing gains in asking rents and mortgage payments, which are up a respective 2.6% and 0.2%. That’s […]
Pending home sales are up 1% from a year ago, and new listings are stagnant. Redfin agents say some house hunters are staying on the sidelines because they want mortgage rates to drop more significantly before jumping in. The daily average mortgage rate declined to an 11-month low of 6.28% this week, upping homebuyers’ purchasing […]
Purchasing power has increased $7,500 in the last week alone, with rates falling to 6.3% on a weak August jobs report. The daily average mortgage rate dropped to 6.29% on September 5, the lowest level in 11 months. That means a homebuyer on a $3,000 monthly budget has gained $7,500 since one week ago, when […]