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Existing-Home Sales Rebound 1.9% in October as Low Mortgage Rates Continue to Provide a Lift
by Jacob Passy on November 21, 2019 at 4:30 pm
Kritchanut/iStockThe numbers: Sales of previously-owned homes rose 1.9% in October — the latest housing statistic to demonstrate the upward lift low mortgage rates have provided to the U.S. real-estate market. The post Existing-Home Sales Rebound 1.9% in October as Low Mortgage Rates Continue to Provide a Lift appeared first on Real Estate News & Insights | realtor.com®.
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Permits for New-Home Construction Hit Post-Recession Record High in October
by Jacob Passy on November 19, 2019 at 4:08 pm
This was the fastest rate of building-permit authorizations recorded since 2007. Housing starts also rose 3.8% as builders look to construct many more homes across the country. The post Permits for New-Home Construction Hit Post-Recession Record High in October appeared first on Real Estate News & Insights | realtor.com®.
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Bad News, Home Buyers: It’s More Expensive for Developers to Buy Lots for New Houses
by Jacob Passy on November 18, 2019 at 6:00 pm
It’s costing real-estate developers a pretty penny to purchase lots for single-family homes. And that could spell trouble for people who are struggling to afford to buy a home. The post Bad News, Home Buyers: It’s More Expensive for Developers to Buy Lots for New Houses appeared first on Real Estate News & Insights | realtor.com®.
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Mortgage Rates Are Increasing Again—So Why Did More People Apply for Home Loans?
by Jacob Passy on November 14, 2019 at 5:30 pm
On average, the 30-year fixed-rate mortgage now comes with a rate of 3.75%. Last week, mortgage rates had fallen after three straight weeks of increases. The post Mortgage Rates Are Increasing Again—So Why Did More People Apply for Home Loans? appeared first on Real Estate News & Insights | realtor.com®.
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Portland Suburb’s Proposed Law Could Discourage Home Development
by Will Parker on November 12, 2019 at 6:36 pm
A Portland suburb is poised to vote on a law that taxes anyone who demolishes a home, the latest salvo in the fight over how to create more affordable housing in the state. The post Portland Suburb’s Proposed Law Could Discourage Home Development appeared first on Real Estate News & Insights | realtor.com®.
