How rising mortgage rates will impact soaring home prices in metro Phoenix
How rising mortgage rates will impact soaring home prices in metro Phoenix
How much is too much? Rising home prices coupled with rising mortgage interest rates could hit the pause button on the Valley's spring home buying season. Here's what local and national economists have to say about it.
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How much is too much? Rising home prices coupled with rising mortgage interest rates could hit the pause button on the Valley's spring home buying season. Here's what local and national economists have to say about it.
How much is too much? Rising home prices coupled with rising mortgage interest rates could hit the pause button on the Valley's spring home buying season. Here's what local and national economists have to say about it.
Between January and September, there were 1,186 land transactions across metro Phoenix. RL Brown Housing Reports conducted research exclusively for Phoenix Business Journal to break out those land buys, including their purchase prices, month by month. Here's what they found.
Between January and September, there were 1,186 land transactions across metro Phoenix. RL Brown Housing Reports conducted research exclusively for Phoenix Business Journal to break out those land buys, including their purchase prices, month by month. Here's what they found.
Quickly rising mortgage rates, high home prices and a persistent inventory shortage arenโt enough to sideline Dallas-Fort Worth home shoppers, judging by new data on the number of showings per listing.
Quickly rising mortgage rates, high home prices and a persistent inventory shortage arenโt enough to sideline Dallas-Fort Worth home shoppers, judging by new data on the number of showings per listing.
For the first time in a decade, home prices in Southern California are definitively falling. After 10 years of largely uninterrupted gains, home values have turned negative, the result of rising mortgage rates that have squashed demand and caused sales to plummet. The typical Southern California home price is now nearly 6% below the all-time high reached in May, according to data released Wednesday by Zillow. In September, the typical home price for the six-county region dropped 0.6% from Augus...
For the first time in a decade, home prices in Southern California are definitively falling. After 10 years of largely uninterrupted gains, home values have turned negative, the result of rising mortgage rates that have squashed demand and caused sales to plummet. The typical Southern California home price is now nearly 6% below the all-time high reached in May, according to data released Wednesday by Zillow. In September, the typical home price for the six-county region dropped 0.6% from Augus...
If youโre planning to buy a home, itโs critical to understand the relationship between mortgage rates and your purchasing power.
If youโre planning to buy a home, itโs critical to understand the relationship between mortgage rates and your purchasing power.
A new report shows year-over-year increases for 20 metropolitan areas.
A new report shows year-over-year increases for 20 metropolitan areas.
Home prices continued their downward decline in most of the countryโs major metro areas in July, alongside falling sales. In the Greater Toronto Area, for example, the average selling price fell 6.2% from June to $1,074,754. That still remains 10.3% higher compared to a year ago. The Home Price Index Composite Benchmark, which removes seasonal volatility, remains 12.9% above year-ago levels. In Vancouver, the average price slid 2.3% from a month earlier, and is up 10.3% compared to July 2021...
Home prices continued their downward decline in most of the countryโs major metro areas in July, alongside falling sales. In the Greater Toronto Area, for example, the average selling price fell 6.2% from June to $1,074,754. That still remains 10.3% higher compared to a year ago. The Home Price Index Composite Benchmark, which removes seasonal volatility, remains 12.9% above year-ago levels. In Vancouver, the average price slid 2.3% from a month earlier, and is up 10.3% compared to July 2021...
The housing market's cooldown will continue through the end of the year as surging mortgage rates are turning away potential homebuyers, the latest Redfin report finds.ย
For the first time since March 2021, the average home sells for less than its listing price, but high mortgage rates still impact what people can afford.ย
The Redfin report highlighted that home touring has dropped significantly by 38% since January over the last four weeks, with declining demand that led a near-record share...
The housing market's cooldown will continue through the end of the year as surging mortgage rates are turning away potential homebuyers, the latest Redfin report finds.ย
For the first time since March 2021, the average home sells for less than its listing price, but high mortgage rates still impact what people can afford.ย
The Redfin report highlighted that home touring has dropped significantly by 38% since January over the last four weeks, with declining demand that led a near-record share...
High lumber prices are often blamed for high home prices, but interest rates have far more impact on affordability.
The post Opinion: Will lower lumber prices offset rising rates? appeared first on HousingWire.
High lumber prices are often blamed for high home prices, but interest rates have far more impact on affordability.
The post Opinion: Will lower lumber prices offset rising rates? appeared first on HousingWire.
Mortgage rates are on the rise. Will this curb home buyer demand and help lower prices? Listen on The Mortgage Reports Podcast.
Mortgage rates are on the rise. Will this curb home buyer demand and help lower prices? Listen on The Mortgage Reports Podcast.