Sweet relief? Atlanta home supply increases for first time since pandemic
Sweet relief? Atlanta home supply increases for first time since pandemic
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Weary Atlanta homebuyers who have been frustrated by low housing supply may have reason for hope.
Weary Atlanta homebuyers who have been frustrated by low housing supply may have reason for hope.
For first-timers and those earning near the median income, the dream of home ownership may feel unattainable. But, there is hope.
For first-timers and those earning near the median income, the dream of home ownership may feel unattainable. But, there is hope.
The monthly cost of buying a typical home has surged by more than a third over the past year by one estimate, yet demand remains robust.
The post Mortgage Rates Hit 5% for First Time Since 2011 appeared first on Real Estate News & Insights | realtor.com®.
The monthly cost of buying a typical home has surged by more than a third over the past year by one estimate, yet demand remains robust.
The post Mortgage Rates Hit 5% for First Time Since 2011 appeared first on Real Estate News & Insights | realtor.com®.
The number of zombie properties — vacant homes that have not yet been foreclosed on — increased 2.8% on a quarter-to-quarter basis in the first rise since a COVID-related moratorium ended.At the end of the second quarter, 7,559 pre-foreclosure properties sat vacant, up from 7,363 in the first quarter but down from 8,078 one year prior, according to Attom Data Solutions. "The incidence of zombie-foreclosures tends to be higher in cases where the foreclosure process has dragged on for many m...
The number of zombie properties — vacant homes that have not yet been foreclosed on — increased 2.8% on a quarter-to-quarter basis in the first rise since a COVID-related moratorium ended.At the end of the second quarter, 7,559 pre-foreclosure properties sat vacant, up from 7,363 in the first quarter but down from 8,078 one year prior, according to Attom Data Solutions. "The incidence of zombie-foreclosures tends to be higher in cases where the foreclosure process has dragged on for many m...
Home listings increased for the first time since June 2019, according to Realtor.com data, suggesting the U.S. housing supply hit a turning point last month.The number of active listings rose 8% year-over-year in May, probably driven by new sellers and a slowdown in would-be buyers deterred by high prices, Realtor.com said in a report Thursday. The largest increases in new listings were in the West and the South, in cities including Austin, Texas, and Phoenix, Arizona.Still, the uptick in inven...
Home listings increased for the first time since June 2019, according to Realtor.com data, suggesting the U.S. housing supply hit a turning point last month.The number of active listings rose 8% year-over-year in May, probably driven by new sellers and a slowdown in would-be buyers deterred by high prices, Realtor.com said in a report Thursday. The largest increases in new listings were in the West and the South, in cities including Austin, Texas, and Phoenix, Arizona.Still, the uptick in inven...
After dropping to their lowest weekly level in more than two decades, mortgage applications increased for the first time in five weeks, even in the midst of a spike in interest rates, according to the Mortgage Bankers Association. The MBA’s Market Composite Index, a measure of application volumes based on surveys of association members, jumped up a seasonally adjusted 6.6% for the weekly period ending June 10. Compared to the same week one year ago, mortgage activity came in 54% lower.“Des...
After dropping to their lowest weekly level in more than two decades, mortgage applications increased for the first time in five weeks, even in the midst of a spike in interest rates, according to the Mortgage Bankers Association. The MBA’s Market Composite Index, a measure of application volumes based on surveys of association members, jumped up a seasonally adjusted 6.6% for the weekly period ending June 10. Compared to the same week one year ago, mortgage activity came in 54% lower.“Des...
The housing sector posted a reading of 49.3 last month, below the 50.0 no-change mark, signalling the first fall in residential work since May 2020.
Chartered Institute of Procurement & Supply group director Duncan Brock says: “Residential building levels fell for the first time since May 2020, and builders are getting an increasingly stark vision of the marketplace they are now operating in as overall activity growth also fell sharply.”
Across the industr...
The housing sector posted a reading of 49.3 last month, below the 50.0 no-change mark, signalling the first fall in residential work since May 2020.
Chartered Institute of Procurement & Supply group director Duncan Brock says: “Residential building levels fell for the first time since May 2020, and builders are getting an increasingly stark vision of the marketplace they are now operating in as overall activity growth also fell sharply.”
Across the industr...
Roughly 24,000 people had new foreclosures listed on their credit reports in the first quarter, up from about 9,000 three months earlier, a Federal Reserve Bank of New York report says. States are trying to cushion the blow on homeowners now that many pandemic-related federal protections have ended.
Roughly 24,000 people had new foreclosures listed on their credit reports in the first quarter, up from about 9,000 three months earlier, a Federal Reserve Bank of New York report says. States are trying to cushion the blow on homeowners now that many pandemic-related federal protections have ended.
Mortgage Rates Dip Below 5% For The First Time Since April
Mortgage rates fell below 5% this week.
getty
Mortgage rates fell below 5% this week. The average rate for the most popular type of mortgage in the U.S. fell below 5% for the first time in four months, capping the biggest two-week decline in 35 years. The national average rate for a 30-year fixed home loan dropped almost a third of a percentage point to 4.99% this week from 5.3%, Freddie Mac said in a report on T...
Mortgage Rates Dip Below 5% For The First Time Since April
Mortgage rates fell below 5% this week.
getty
Mortgage rates fell below 5% this week. The average rate for the most popular type of mortgage in the U.S. fell below 5% for the first time in four months, capping the biggest two-week decline in 35 years. The national average rate for a 30-year fixed home loan dropped almost a third of a percentage point to 4.99% this week from 5.3%, Freddie Mac said in a report on T...