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 […]
In the second quarter, investor purchases of U.S. homes fell to their lowest springtime level since 2020. The decline was especially big for condos. But investor market share held steady from a year earlier, signaling that declining investor activity reflects the overall housing-market slowdown. U.S. real estate investors purchased roughly 52,000 homes in the second […]
The weekly average mortgage rate has ticked down to its lowest level in over 10 months. But home-sale prices are still rising, and pending home sales are up just 1.6% from a year ago. The weekly average mortgage rate has ticked down to 6.56%, the lowest level in nearly a year. Declining mortgage rates have […]