August 2023 Higher mortgage rates, along with elevated sales prices and a lack of housing inventory,have continued to impact market activity during the summer homebuying season. Theaverage 30-year fixed-rate mortgage has remained above 6.5% since May, recentlyhitting a two-decade high in August, according to Freddie Mac. As a result, existing home sales have continued to […]

July 2023 Affordability constraints have continued to limit homebuying activity this summer, withexisting-home sales falling 3.3% month-over-month nationwide as of last measure,according to the National Association of REALTORS® (NAR). Mortgage rates haveapproached 7% in recent months, leading many prospective buyers to put their homepurchase plans temporarily on hold. But higher rates have also kept many […]

June 2023 Temperatures are heating up, yet the U.S. housing market remains cooler than usual forthis time of year due to a combination of low inventory and higher borrowing costs,which have restricted market activity going into the summer homebuying season.According to the latest data from the National Association of REALTORS® (NAR),national existing-home sales climbed 0.2% […]