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30-year fixed mortgage rate

Home prices this summer have hit a new all-time high in a majority of the US

Tue, 08/08/2023 - 10:27

Home prices — Photo by Joe Raedle/Getty Images

Markets, Real Estate, MI Exclusive, Home Prices, us home prices, us housing market, Housing Affordability

The housing market may be about to get even more unaffordable as home prices are set to spike 6% in 2023 and 7% in 2024, think tank says

Wed, 08/02/2023 - 13:15

housing — Robert Galbraith/ Reuters

Markets, MI Exclusive, us housing market, housing market outlook, Home Prices, us home prices, Housing Affordability

Soaring home prices mean first-time buyers need to be making 13% more money than a year ago to afford a 'starter' home

Fri, 07/28/2023 - 11:56

Housing market home for sale — People walk by a sold sign in front of a house along the Erie Canal in Pittsford, New York, on Monday, Sept. 6, 2021.
Ted Shaffrey/AP Photo

Markets, MI Exclusive, us housing market, Home Prices, us home prices, Housing Affordability, unaffordable housing market

Just 1% of US homeowners sold their house in the first half of the year, leading to the lowest inventory of all time

Tue, 07/18/2023 - 12:43

home sold — In this April 5, 2010 photo, Joann Weber, of Midtown Realty, changes the sign from "Sale Pending" to "Sold" at a home that just sold in Palo Alto, Calif.
Paul Sakuma/AP

Markets, MI Exclusive, us housing market, housing supply shortage, housing inventory, mortgage rates, Housing Shortage

US home prices are nearing new record highs as inventory drops to all-time low

Mon, 07/17/2023 - 09:57

housing — Robert Galbraith/ Reuters

Markets, MI Exclusive, Housing Market, Home Prices, us home prices, housing inventory, Housing Supply

The housing market has frozen over. Here's why experts say home affordability isn't getting better any time soon.

Sat, 05/13/2023 - 10:17

us housing market — Photo by Brandon Bell/Getty Images

Markets, MI Exclusive, us housing market, us home prices, home prices outlook, mortgage rates, mortgage rates outlook

Housing affordability drops as home prices stay elevated and average mortgage costs jumped in March

Tue, 05/02/2023 - 13:50

a half built house in phoenix desert — Housing prices are expected to drop.
Ray Redstone/Shutterstock

Markets, MI Exclusive, Housing Affordability, Home Prices, us home prices, us housing market, 30-year fixed mortgage rate

Nearly one third of US homebuyers in the last 6 months have paid all cash to avoid high mortgage rates

Wed, 04/12/2023 - 10:44

The sign on a property for sale in Somerville, Massachusetts reads, — The sign on a property for sale in Somerville reads "Buy This Home I'll Buy Yours For Cash"
Thomson Reuters

Markets, MI Exclusive, us housing market, high mortgage rates, 30-year fixed mortgage rate, Cash, Home Buyers

Mortgage rates drop to a 2-month low as the US job market shows signs of slowing

Wed, 04/12/2023 - 10:13

A family walking by a house for sale in Chicago. — Scott Olson/Getty Images

Markets, MI Exclusive, Housing Market, mortgage rates, 30-year fixed mortgage rate, Real Estate, Property Market

Housing is so unaffordable that banks are losing money for each mortgage they finance for the first time ever

Mon, 04/10/2023 - 17:13

housing — Robert Galbraith/ Reuters

Markets, MI Exclusive, us housing market, Housing Affordability, housing correction, mortgage rates, 30-year fixed mortgage rate

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