307 articles

30 Second Market Update

Home Price Update

In September, home prices increased by 0.02% according to CoreLogic, slightly below the expected 0.1% rise. Year-over-year, prices are up 3.…

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Lending Tree Survey Breakdown

Lending Tree recently released a homeownership sentiment survey, and it showed that 83% of Americans say that they would rather own a home t…

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Down Payment Assistance Programs Continue to Grow

As the 2024 year comes to a close, states are expanding down payment assistance (DPA) programs for first-time homebuyers. A report from Down…

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Mortgage Rates Have Risen Again, But Will They Stay There?

Mortgage rates in the U.S. have slightly risen again, reaching 6.49% on average for a 30-year fixed mortgage on October 16, 2024, after hitt…

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Pending Home Sales Post Biggest Increase Since 2021

U.S. pending home sales increased by 2% in the four weeks ending October 6, 2024, marking the biggest jump in three years. This uptick is dr…

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Home Prices Still Fairly Strong

CoreLogic, who provides data from multiple housing market segments, reported that home prices dropped by 0.1% in August, which was lower tha…

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The Fed Cut Rates, Now What?

Last week the Federal Reserve released their new policy statement, and they mentioned that they cut the Federal Funds Rate by 50 basis point…

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Home Equity Increasing

CoreLogic released their Home Equity report, and it showed that people who own homes with mortgages, which is 62% of all homes, gained $1.3…

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Nationwide Surge in Home Mortgage Lending Marks Broad Recovery in Second Quarter of 2024

In the second quarter of 2024, U.S. home mortgage lending rebounded significantly, with a 23.2% quarterly increase, totaling 1.62 million mo…

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Good News For First-Time Homebuyers

According to a recent analysis from Redfin, starter homes are a bright spot in the housing market as mortgage rates settle near a 15-month l…

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US Job Growth Far Weaker Than Originally Reported

Preliminary annual benchmark review of employment data from the Bureau of Labor Statistics (BLS) reveals that U.S. job growth over the past…

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Mortgage Applications Surge By 16.8%

In the week ending August 9, 2024, mortgage applications surged by 16.8% from the previous week, according to the Mortgage Bankers Associati…

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