The share of home listings with price reductions hit another high in April, indicating that sellers are increasingly overestimating what their house will fetch in the current market. Home sellers are pricing under the impression that prices are...
The FED raised rates by a half percentage point last week. This will certainly give some buyers pause as it reduces the price of the house they can buy. For example, in buying an $800,000 home, a half percentage point would raise the mortgage p...
The bottom line for prospective homebuyers is this: The historically low mortgage rates of 2020 and 2021 are not coming back in 2022. But rates are likely to remain relatively low.
Even a jump to 4% by the end of the year in 2022 would be ...
