Pending Home Sales Decrease due to Low Inventory, But Housing Market Remains on Right Track
According to the National Association of Realtors (“NAR”), the index measuring pending home sales (by tracking the number of real estate contracts signed but have not closed) has been dropping since August 2020;...
Read Full PostMortgage Rates Increase for Fourth Time in Six Weeks, Mortgage Applications Slow Down, but Housing Market Still Red Hot
Last week, according to the Mortgage Bankers Association (“MBA”), applications for new homes dropped by roughly 5% from the prior week. Simultaneously, the average loan reached a 30-year high; the average loan c...
Read Full PostHousing Market Continues to Benefit Sellers While Inventory Remains Low
The housing market has been incredibly resilient during COVID, it has thrived when other industries have nearly fallen apart. Given that we are approaching what is typically the high-point of the year for the real e...
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