Philadelphia home sales activity hits lowest level in 8 years, and experts say it's going to get worse
Philadelphia home sales activity hits lowest level in 8 years, and experts say it's going to get worse
Activity on the Greater Philadelphia housing market in December hit its lowest level since 2014 β and the outlook isn't very bright for 2023.
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Fannie Maeβs Home Purchase Sentiment Index fell two points in July to 62.8, its lowest reading since 2011. Year over year the index is down 13 points.
The post Home purchase sentiment hits lowest level in over a decade appeared first on HousingWire.
Fannie Maeβs Home Purchase Sentiment Index fell two points in July to 62.8, its lowest reading since 2011. Year over year the index is down 13 points.
The post Home purchase sentiment hits lowest level in over a decade appeared first on HousingWire.
Mortgage rates are back on the upswing, after a brief decline in May, and the housing market is still suffering from a lack of listings. As a result, mortgage demand continues to drop. Total mortgage application volume fell 6.5% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. Demand hit the lowest level in 22 years. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or l...
Mortgage rates are back on the upswing, after a brief decline in May, and the housing market is still suffering from a lack of listings. As a result, mortgage demand continues to drop. Total mortgage application volume fell 6.5% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. Demand hit the lowest level in 22 years. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or l...
Home Buyer Competition Drops To Lowest Level In Over Two Years
In June, the bidding-war rate dipped below 50% for the first time since the start of the pandemic.
Boston Globe via Getty Images
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In June, the bidding-war rate dipped below 50% for the first time since the start of the pandemic.
Boston Globe via Getty Images
In June, the bidding-war rate dipped below 50% for the first time since the start of the pandemic. Pandemic-era home buyers faced intense competition in once affordable markets during the housing market frenzy. But demand is softening as surging mortgage rates, high home prices, infl...
Mortgage demand continued to decline last week, and just reached its lowest point in 25 years.
The post Mortgage apps reach the lowest level in 25 years appeared first on HousingWire.
Mortgage demand continued to decline last week, and just reached its lowest point in 25 years.
The post Mortgage apps reach the lowest level in 25 years appeared first on HousingWire.
Mortgage rates continued to climb last week, causing another pullback in overall demand, which dropped to its slowest pace since 1997.
The post Mortgage demand hits lowest level since 1997 appeared first on HousingWire.
Mortgage rates continued to climb last week, causing another pullback in overall demand, which dropped to its slowest pace since 1997.
The post Mortgage demand hits lowest level since 1997 appeared first on HousingWire.
CNBC's Diana Olick joins 'The Exchange' to report on the fall in mortgage demand.
CNBC's Diana Olick joins 'The Exchange' to report on the fall in mortgage demand.
A measure of mortgage applications fell to its lowest level in 22 years last week, another sign the U.S. housing market is coming back to Earth after a red-hot, two-year stretch. Applications fell 6.5% in the week ended June 3, the fourth consecutive week of declines, according to the Mortgage Bankers Association. Refinance and purchase activity fell 6% and 7%, respectively. Higher interest ratesΒ have been weighing on demand for refinances all year, but now there are signs the slowdown has spre...
A measure of mortgage applications fell to its lowest level in 22 years last week, another sign the U.S. housing market is coming back to Earth after a red-hot, two-year stretch. Applications fell 6.5% in the week ended June 3, the fourth consecutive week of declines, according to the Mortgage Bankers Association. Refinance and purchase activity fell 6% and 7%, respectively. Higher interest ratesΒ have been weighing on demand for refinances all year, but now there are signs the slowdown has spre...
Like the charts and data that I'm posting? Want to support the ongoing work of this site? Good news, everyone! You can becoming a member of Seattle Bubble and get access to the data as well as other perks! We haven't taken a look at my βResidential Real Estate Heat Indexβ for King County single-family homes and condos since the fourth quarter 2017 data, so let's see how it has moved through 2018 so far. Wow, that's quite the reversal this year from the recent trend. After hitting a massive ...
Like the charts and data that I'm posting? Want to support the ongoing work of this site? Good news, everyone! You can becoming a member of Seattle Bubble and get access to the data as well as other perks! We haven't taken a look at my βResidential Real Estate Heat Indexβ for King County single-family homes and condos since the fourth quarter 2017 data, so let's see how it has moved through 2018 so far. Wow, that's quite the reversal this year from the recent trend. After hitting a massive ...
Atlanta recorded its fewest October sales since the aftermath of the Great Recession.
Atlanta recorded its fewest October sales since the aftermath of the Great Recession.