Instant Reaction: Mortgage Rates, July 11, 2024

Facts: The 30-year fixed mortgage rate from Freddie Mac declined to 6.89% over the last week from 6.95%. At 6.89%, with 20% down, a monthly mortgage payment on a home of $400,000 is $2,105; with 10% down, it is $2,369. Positive: The CPI retreated today. Importantly, shelter, which is a lagging compo

Homes And Hurdles: Analyzing The Journey of Single Female Home Buyers

Earlier this year, for Women’s History Month, we published a blog post about the triumphs and challenges of female homeownership. We celebrated single women's impressive progress in the housing market but also pointed out the ongoing obstacles, especially for women of color. These women often deal w

26% of REALTORS® Said Lack of Inventory and Housing Affordability Prevented Clients from Buying Homes in 2023 as Existing-Home Sales Fell to Lowest Level Since 1995

Key Highlights Brokerage specialists had a lower sales volume ($2.5 million vs. $3.4 million), and the typical agent had fewer transactions (10 vs. 12) in 2023 compared to 2022. Seventy-three percent of REALTORS® plan to remain in the real estate industry for at least two more years. New members wer