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Tag: weekly market tracker

Falling mortgage rates have not yet improved home sales as buyers remain uncertain about the NAR rule and the election

Posted on | Posted on Jasper | Leave a Comment on Falling mortgage rates have not yet improved home sales as buyers remain uncertain about the NAR rule and the election
Falling mortgage rates have not yet improved home sales as buyers remain uncertain about the NAR rule and the election

Home sales posted their biggest decline in nearly a year, even as the average U.S. home rate fell to its lowest level in five months. Potential homebuyers are awaiting clarity on the NAR agreement, the presidential election and whether mortgage rates will fall even further. Home sales fell 6.9% in the four weeks ended August […]

The average housing construction rate in the US has fallen to its lowest level in 6 months, leading to more buyer interest but not more sales.

Posted on | Posted on Jasper | Leave a Comment on The average housing construction rate in the US has fallen to its lowest level in 6 months, leading to more buyer interest but not more sales.
The average housing construction rate in the US has fallen to its lowest level in 6 months, leading to more buyer interest but not more sales.

The average mortgage payment in the U.S. has fallen to nearly $250 below its spring peak due to falling mortgage rates. While Redfin agents report a slight increase in showings, home sales are down 5% year over year. The average housing payment for U.S. homebuyers has fallen to its lowest level since February. Weekly average […]