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Home sales fell 5.5% in July


Home sales fell 5.5% in July

WASHINGTON, Aug. 29, 2024 (GLOBE NEWSWIRE) — Key Highlights Home sales fell 5.5 percent in July. Compared to the previous month, contract signings declined in all four US regions. Compared to the previous year, home sales increased in the Northeast but declined in the Midwest, South and West. According to the National Association of Realtors®, […]

Real estate agents in Northwest Florida advise acting quickly as lower interest rates increase home affordability


Real estate agents in Northwest Florida advise acting quickly as lower interest rates increase home affordability

PENSACOLA, Fla. – According to some real estate agents in our area, now is a good time to buy a home in the U.S. The reason is falling mortgage rates. The average interest rate on 30-year mortgages in the U.S. has fallen to 6.46%, the lowest in over a year. The peak was 7.79% last […]

Where falling mortgage rates increase home affordability the most


Where falling mortgage rates increase home affordability the most

Mortgage rates are expected to fall, and home affordability may improve more in some regions than others. A new analysis from Realtor.com® shows which metropolitan areas would see the most improvement in affordability for the average earner if interest rates drop to 6.3%, which could happen in the coming months. In other words, the monthly […]

Possible interest rate cuts on the horizon – good news for Utah homebuyers


Possible interest rate cuts on the horizon – good news for Utah homebuyers

SALT LAKE CITY (KUTV) — Utah residents looking to buy a home may be in for some good news after Federal Reserve Chairman Jerome Powell hinted that interest rates could soon drop. This has sparked optimism among potential homebuyers and local economists alike. In Salt Lake City, where real estate prices are significantly higher than […]

These childhood best friends try to survive together in Denver after their lives fall apart


These childhood best friends try to survive together in Denver after their lives fall apart

Michael Webb and James Peters, best friends since third grade, sit on their e-bikes and lean against the brick wall of an empty store. They stare angrily at the King Soopers on Capitol Hill, where they say they were simply kicked out by the employees. “I’m too depressed to talk,” says Peters. The whole ordeal […]

Landlords are luring tenants with concessions in an increasingly competitive market


Landlords are luring tenants with concessions in an increasingly competitive market

(TND) — More and more landlords are offering concessions to attract tenants, and more apartments are coming onto the market. Supply and demand in the rental market appear to be better balanced, with more multifamily homes completed in June than any other month in nearly 50 years, according to a new report from Zillow. A […]

Landlords are luring tenants with concessions in an increasingly competitive market


Landlords are luring tenants with concessions in an increasingly competitive market

(TND) — More and more landlords are offering concessions to attract tenants, and more apartments are coming onto the market. Supply and demand in the rental market appear to be better balanced, with more multifamily homes completed in June than any other month in nearly 50 years, according to a new report from Zillow. A […]