U.S. Consumer Sentiment Ticks Higher
Consumer sentiment edged higher for the second month and is at its highest level since May, according to the University of Michigan.
Demand for Second-Home Mortgages Fall
Mortgage-rate locks for second homes have dropped 13% since last summer – more than twice as much as rate locks for primary homes, Redfin reported.
The Upcoming Rate Cut: 5 Things to Consider
The expected Fed rate cut could have positive impacts on the housing market, including lower mortgage rates and easier qualifications for mortgages.
Renovations With a Strong Return on Investment
Some remodeling projects offer huge a huge ROI when it’s time to sell. Some of the best: new garage doors and minor kitchen remodels.
Web Domain Listing Scam Targets NAR Members
Fraudulent mailers are circulating, purporting to help members register or renew .realestate or .realtor domain addresses, the association warns.
Long-Term Rates at Lowest Level Since Feb. 2023
The average rate on 30-year mortgages fell to 6.20% from 6.35% last week. A year ago, it was 7.18%. Rates on 15-year mortgages fell to 5.27% from 5.47%.
Housing Payments More Affordable
Falling mortgage rates have pushed the median U.S. housing payment down near its lowest level since January. Pending home sales have yet to improve.
How Do Interest Rate Cuts Help Housing?
A Fed rate cut, expected in mid-September, could boost the housing market by indirectly lowering mortgage rates. Lower rates could stimulate supply and demand.
Are Pickleball Courts Good for a Sale?
There’s disagreement about whether the sports craze is a benefit for home sales, with some saying the noise hurts property values.
Why Credit Scores Are Crucial to Home Buying
Most buyers need a score of 620 or above to qualify for a conventional mortgage. FHA loans could get approval with a score as low as 500.