There's much-needed relief on the way for beleaguered home shoppers who are having difficulty finding the home of their dreams, as the number of homes hitting the market is on the uptick.
In many cities and towns across the country, the hallmark of the housing market this year has been fewer homes hitting the market, leading to multiple offers and even downright bidding wars for the homes that do become available. However, it appears that things may be starting to calm down…a bit.
Despite a dip in mortgage applications in July, 2021 had the second-strongest July since 2012, with new home sales unchanged from June.
If you're thinking of selling a house, you might be feeling a little overwhelmed—especially if you need to sell your house fast. You're constantly running through the to-do list in your head: hire a real estate agent, stage the home for viewings, get a home inspection.
After declining for four straight months from February through May, existing home sales are on the comeback trail, having now risen for two months in a row.
For the fourth month in a row, mortgage applications for new home purchases have declined.
It appears that June's good news on the new home front was short-lived, as a new report shows that construction of new single-family homes declined in July.
If you've been paying attention to real estate over the last year, you saw home prices rise substantially…unless you lived in Springfield, Illinois, that is. That's because home prices rose in just about every major metropolitan area in the last year. The only market where prices fell? Springfield.
If it seemed like more people were refinancing their mortgages in July, it’s because they were. A new report shows that refinance activity picked up significantly in July, with interest rate locks for rate and term refinances climbing by nearly 25% in one month.
For much of the year, one of the common concerns among would-be homebuyers is that there are simply not enough homes on the market. It looks like there might be a bit of a light at the end of that tunnel, especially for first-time homebuyers.