Homebuilder Confidence Drops to 7-Month Low as Mortgage Rates Surge
Homebuilder sentiment dropped to the lowest level since September as higher mortgage rates eroded affordability for buyers, according to a report.
April 18, 2022 2 MIN
Consumer Confidence Unexpectedly Rebounds as Gas Prices Ease
“A reprieve in gas prices was immediately recognized by consumers,” Wells Fargo economists said.
April 14, 2022 2 MIN
Median U.S. Home Listing Price Exceeds $400,000 for the First Time
The U.S. median listing price reached a record high of $405,000 in March, according to a Realtor.com report on Thursday.
March 31, 2022 2 MIN
Pending Home Sales Plummet as Higher Mortgage Rates Erode Demand
Mortgage rates at a three-year high are impacting home sales, making it tough for buyers to stretch to pay record-high property prices, NAR's chief economist said.
March 25, 2022 2 MIN
New-Home Sales Dip By 2% in February as Mortgage Rates Rise
Mortgage rates have risen to a three-year high, making it tougher for borrowers to stretch to pay soaring prices for new houses.
March 23, 2022 2 MIN
Sales of Previously Owned Homes Tumble to Six-Month Low as Mortgage Rates Rise
Buyers are balking at the "double whammy" of rising mortgage rates and higher prices, said NAR's Lawrence Yun.
March 18, 2022 2 MIN
Housing Starts Rebound in February to the Fastest Pace Since 2006
A “lack of resale inventory continues to support housing demand despite higher interest rates,” said Robert Dietz, NAHB's chief economist.
March 17, 2022 2 MIN
Homebuilder Outlook Sinks to a 6-Month Low on Shortages, Higher Mortgage Rates
Homebuilders are facing several challenges, including construction costs rising 20% over the past 12 months, said Robert Dietz, NAHB’s chief economist.
March 16, 2022 3 MIN
