Why you SHOULD purchase a home this fall: Buyers facing a 'sweet spot' in the market as 9.2 percent of sellers are cutting prices
1 year, 5 months ago

Why you SHOULD purchase a home this fall: Buyers facing a 'sweet spot' in the market as 9.2 percent of sellers are cutting prices

Daily Mail  

But the number of sellers cutting prices has reached their highest level this year Homebuyers are facing a market 'sweet spot' this fall as the number of sellers cutting prices has reached their highest level this year, a new report claims. Zillow senior economist Jeff Tucker wrote in a report: 'For determined buyers, with enough budget room to accommodate the recent jump in mortgage rates, this fall is looking more and more like a sweet spot. Homebuyers are facing a market 'sweet spot' this fall as the number of sellers cutting prices has reached their highest level this year, according to data from Zillow 'There are more motivated sellers and more active listings overall than any time since last December, improving buyers' chance to find the right fit.' Rates have not hit 8 percent since 2000, according to data compiled by Freddie Mac Loans have been pushed up by the Federal Reserve's aggressive campaign of hiking interest rates to a 22-year high to tame rampant inflation.

Prices Rates Buyers Sellers Zillow This Fall  facing  week  prices  rates  reached  sweet  market  according  cutting  level  buyers  sellers  fall  purchase  spot  listings

History of this topic

Mortgage rates have declined but could stay at a level that makes it tough to afford a home
2 weeks ago

Mortgage rates have declined but could stay at a level that makes it tough to afford a home

Associated Press  

LOS ANGELES — Mortgage rates have been mostly declining in recent weeks, helping encourage prospective home shoppers just as the spring homebuying season gets going. Mortgage rates are influenced by several factors, including bond market investors’ expectations for future inflation, global demand for U.S. Treasurys and the Federal Reserve’s interest rate policy decisions. While one could say the bond market …

January home sales fall as high mortgage rates, prices freeze out would-be buyers
3 weeks, 6 days ago

January home sales fall as high mortgage rates, prices freeze out would-be buyers

Associated Press  

LOS ANGELES — Sales of previously occupied U.S. homes fell in January as rising mortgage rates and prices put off many would-be homebuyers despite a wider selection of properties on the market. “When combined with elevated home prices, housing affordability remains a major challenge.” The U.S. housing market has been in a sales slump dating back to 2022, when mortgage …

Australian home prices tipped to keep falling in early 2025
2 months, 1 week ago

Australian home prices tipped to keep falling in early 2025

ABC  

Australian home prices are set to keep falling in the first half of this year, according to a wide range of analysts, but they also expect the decline to be small and short-lived. "There are numerous signs of softening in the Australian property market," wrote AMP's chief economist Shane Oliver, before listing them: Auction clearance rates have cooled from their …

New Zealand House Prices Tipped to Show Modest Gains in 2025
2 months, 1 week ago

New Zealand House Prices Tipped to Show Modest Gains in 2025

Live Mint  

-- New Zealand house prices may show a modest recovery this year after failing to respond to falling interest rates in the final months of 2024, according to CoreLogic New Zealand. “We suspect that 2025 could prove to be a year of conflicting forces for New Zealand’s housing market with the net result being a relatively subdued upturn in sales …

Bad news for homebuyers in the Northeast and Midwest
2 months, 2 weeks ago

Bad news for homebuyers in the Northeast and Midwest

CNN  

CNN — Potential home shoppers in the Northeast and Midwest may be in for disappointment: Despite signs of cooling in the last year’s intensively competitive housing market, a new report from Zillow says some areas will stay especially competitive this year. Buying a home has grown more difficult for many Americans amid elevated mortgage rates and a lack of affordable …

Homeowners have no incentive to sell. Here’s why
2 months, 3 weeks ago

Homeowners have no incentive to sell. Here’s why

CNN  

CNN — This year, America’s once-in-a-generation housing slump deepened — but 2025 may not see much improvement. Here’s what economists expect of the housing market in 2025: Homeowners are still locked in The US housing market is on track for its worst sales year in nearly three decades, according to NAR data. “It’s become more of a buyer’s market this …

Home buyers becoming more ‘price sensitive’, says property website
2 months, 3 weeks ago

Home buyers becoming more ‘price sensitive’, says property website

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our …

House prices rise just 0.1 per cent in weakest result since January 2023, CoreLogic data shows
3 months, 2 weeks ago

House prices rise just 0.1 per cent in weakest result since January 2023, CoreLogic data shows

ABC  

National home prices are losing momentum and anticipated interest rate cuts are unlikely to stop falls in house prices next year. New CoreLogic data shows house prices increased 0.1 per cent nationally in the last month of spring — the weakest Australia-wide result since January 2023. Brett D'Souza says he "made mistakes" when he tried to sell his home without …

Expert explains why Americans should NOT buy a new home in 2025
3 months, 2 weeks ago

Expert explains why Americans should NOT buy a new home in 2025

Daily Mail  

A real estate expert has issued a warning to prospective home buyers over the next ten years, saying that Americans face a 'catch-22' when it comes to real estate. TikToker @hardmoneyguy has issued a warning to prospective home buyers over the next ten years, saying that Americans face a 'catch-22' when it comes to real estate According to the creator, …

Mortgage rates: Bad news if you’re looking to buy a house in the next two years
3 months, 3 weeks ago

Mortgage rates: Bad news if you’re looking to buy a house in the next two years

CNN  

Washington CNN — Americans looking to purchase a home in the next few years will have a tough pill to swallow. Mortgage rates are now expected to stay stuck above 6% for at least the next two years, according to economists and recent forecasts. Wells Fargo economists project mortgage rates to average 6.3% by the end of next year, according …

Number of house sales being agreed is 25% higher than a year ago, says Zoopla
5 months, 2 weeks ago

Number of house sales being agreed is 25% higher than a year ago, says Zoopla

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Market activity is up across the board and expectations …

Number of house sales was 5% higher in August than a year earlier
5 months, 3 weeks ago

Number of house sales was 5% higher in August than a year earlier

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Holly Tomlinson, a financial planner at wealth manager Quilter …

US home sales fell in August despite easing mortgage rates, more homes on the market
6 months ago

US home sales fell in August despite easing mortgage rates, more homes on the market

Hindustan Times  

LOS ANGELES — Sales of previously occupied U.S. homes fell in August to the slowest annual pace in nearly a year even as mortgage rates eased and the supply of properties on the market continued to rise. Sales of previously occupied U.S. homes fell in August to the slowest annual pace in nearly a year even as mortgage rates eased …

House prices are on the rise – so why isn’t everyone happy?
6 months ago

House prices are on the rise – so why isn’t everyone happy?

The Independent  

Mortgage rates may be falling, but the latest data from property website Rightmove shows that people selling homes have responded by treating their asking prices to a double shot of espresso. However, it adds that this year’s 0.8 per cent increase “is double the long-term average”. I suspect another factor behind buyers’ relative caution is their reluctance to miss out …

The 10 housing markets which are set to become affordable as mortgage rates drop
6 months, 3 weeks ago

The 10 housing markets which are set to become affordable as mortgage rates drop

Daily Mail  

Mortgage rates are on the decline, which could mean some housing markets are set to become much more affordable. The biggest winner would be Lakeland, Florida, which would see the biggest increase in affordable listings if mortgage rates fell, Realtor.com found. The biggest winner would be Lakeland, Florida, which would see the biggest increase in affordable listings if mortgage rates …

US home sales fell in June to slowest pace since December amid rising mortgage rates, home prices
7 months, 3 weeks ago

US home sales fell in June to slowest pace since December amid rising mortgage rates, home prices

Associated Press  

LOS ANGELES — The nation’s housing slump deepened in June as sales of previously occupied homes slowed to their slowest pace since December, hampered by elevated mortgage rates and record-high prices. Existing home sales sank to a nearly 30-year low last year as the average rate on a 30-year mortgage surged to a 23-year high of 7.79%, according to mortgage …

The US housing slump deepened this spring. Where does that leave home shoppers and sellers?
8 months, 1 week ago

The US housing slump deepened this spring. Where does that leave home shoppers and sellers?

Associated Press  

LOS ANGELES — The housing market shows few signs of busting out of its three-year funk after a disappointing spring season and amid a gloomy outlook for the summer and fall. The weak spring sales are a reflection of the affordability challenges many home shoppers face: the average rate on a 30-year mortgage rate is moored near 7%; the supply …

Market for newly built homes slows as elevated mortgage rates put off many home shoppers
8 months, 3 weeks ago

Market for newly built homes slows as elevated mortgage rates put off many home shoppers

Associated Press  

LOS ANGELES — Homebuilders who bucked the worst of last year’s housing slump may be seeing their luck run out. The recent slowdown in new home sales marks a shift from last year, when sales rose nationally for the first time in two years, climbing 4.2% from a year earlier. As last year, homebuilders have lowered prices and offered incentives …

US home sales fall for the 3rd straight month in May amid rising mortgage rates, record-high prices
8 months, 3 weeks ago

US home sales fall for the 3rd straight month in May amid rising mortgage rates, record-high prices

Associated Press  

LOS ANGELES — Sales of previously occupied U.S. homes fell in May for the third straight month as rising mortgage rates and record-high prices discouraged many prospective homebuyers during what’s traditionally the housing market’s busiest period of the year. “We had low home sales activity, prices are hitting record highs and homes look like they’re still getting multiple offers.” The …

US home sales post second straight monthly drop; house prices accelerate
9 months, 3 weeks ago

US home sales post second straight monthly drop; house prices accelerate

Live Mint  

* Existing home sales fall 1.9% in April * Housing inventory increases 9% to 1.21 million * Median house price rises 5.7% to $407,600 from year ago By Lucia Mutikani WASHINGTON, May 22 - U.S. existing home sales unexpectedly fell in April as higher mortgage rates and house prices weighed on demand, dealing another setback to the housing market. Though …

U.S. existing home sales drop 1.9% in April, pushed lower by high rates and high prices
9 months, 3 weeks ago

U.S. existing home sales drop 1.9% in April, pushed lower by high rates and high prices

Associated Press  

WASHINGTON — High mortgage rates and rising prices continued to put a damper on the spring homebuying season last month. Existing home sales fell 1.9% to a seasonally adjusted annual rate of 4.14 million in April from a revised 4.22 million in March, the National Association of Realtors reported Wednesday. Homeowners have hesitated to put their houses on the market …

House prices are falling, but what does the future hold for the market from here?
10 months, 2 weeks ago

House prices are falling, but what does the future hold for the market from here?

The Independent  

Britain’s housing market has turned hostile again, at least for sellers. It was possible to find rates close to 1 per cent in 2021, before the Bank of England imposed 14 consecutive interest-rate rises in an attempt to bring an inflationary spike under control. While the US and the UK are in very different places economically, that sort of sudden …

UK’s Wealthy Boost Property Asking Prices by Most in 12 Months
10 months, 3 weeks ago

UK’s Wealthy Boost Property Asking Prices by Most in 12 Months

Live Mint  

-- Asking prices for UK homes rose at the highest annual pace in 12 months, driven by more top-of-the-ladder houses coming to market, according to the online sales portal Rightmove. “The top-of-the-ladder sector continues to drive pricing activity at the start of the year, with movers in this sector typically less sensitive to higher mortgage rates, and more equity rich,” …

US Existing-Home Sales Decline as Rates Keep Buyers Sidelined
11 months ago

US Existing-Home Sales Decline as Rates Keep Buyers Sidelined

Live Mint  

-- Sales of previously-owned homes in the US fell in March from a one-year high, underscoring the lingering impact of high mortgage rates and elevated prices. “Though rebounding from cyclical lows, home sales are stuck because interest rates have not made any major moves,” NAR Chief Economist Lawrence Yun said in a statement. At the current sales pace, selling all …

Home sales fall in March with mortgage rates rising
11 months ago

Home sales fall in March with mortgage rates rising

Associated Press  

LOS ANGELES — The spring homebuying season is off to a sluggish start as home shoppers contend with elevated mortgage rates and rising prices. A modest pullback in mortgage rates early this year helped lift home sales in January and February, but rates mostly ticked up in February and March, when many of the home sales that were finalized last …

Mortgage rates tumble for the second week in a row
1 year ago

Mortgage rates tumble for the second week in a row

CNN  

Washington, DC CNN — Mortgage rates dropped for the second week in a row, falling nearly a quarter of a percentage point over the past two weeks in the face of stronger-than-expected employment and inflation data. “Despite the recent dip, mortgage rates remain high as the market contends with the pressure of sticky inflation,” said Sam Khater, Freddie Mac’s chief …

House prices continue to rise despite higher interest rates, inflation and cost of living
1 year ago

House prices continue to rise despite higher interest rates, inflation and cost of living

ABC  

In short: Home values rose 0.6 per cent in February, with increases in every capital city except Hobart, according to CoreLogic. Home values rose 0.6 per cent in February, with increases in every capital city except Hobart, according to CoreLogic. "It's pretty unusual for economic conditions to be so weak but the housing market showing this really strong trend," CoreLogic's …

Mortgage approvals for house purchase and property sales increased in January
1 year ago

Mortgage approvals for house purchase and property sales increased in January

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. It’s not …

Home sales rose in January as easing mortgage rates, more homes for sale enticed homebuyers
1 year ago

Home sales rose in January as easing mortgage rates, more homes for sale enticed homebuyers

Associated Press  

LOS ANGELES — Sales of previously occupied U.S. homes rose in January as homebuyers were encouraged by easing mortgage rates and a modest pickup in properties on the market. Existing home sales rose 3.1% last month from December to a seasonally adjusted annual rate of 4 million, the National Association of Realtors said Thursday. “While home sales remain sizably lower …

Homeowners set to benefit from mortgage price wars, experts say
1 year, 2 months ago

Homeowners set to benefit from mortgage price wars, experts say

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. open image in gallery First-time buyers were advised to grab good deals as soon …

Squeeze on home buyers’ budgets set to continue into 2024, say experts
1 year, 2 months ago

Squeeze on home buyers’ budgets set to continue into 2024, say experts

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Overall, we predict a modest average fall of 1% …

Falling mortgage rates lend a helping hand to home buyers
1 year, 3 months ago

Falling mortgage rates lend a helping hand to home buyers

LA Times  

Mortgage rates fell for the eighth consecutive week, giving cash-strapped home buyers some relief as the new year approaches. The most recent decline comes after the Federal Reserve signaled last week it may be done raising its benchmark interest rate, which helps set a floor on all types of borrowing costs, including mortgage rates. When mortgage rates first surged in …

Lower mortgage rates next year unlikely to entice ‘rate-locked’ homeowners to sell, economists say
1 year, 3 months ago

Lower mortgage rates next year unlikely to entice ‘rate-locked’ homeowners to sell, economists say

Associated Press  

LOS ANGELES — Several housing economists are projecting that mortgage rates will ease moderately next year, though the forecasts call for the average rate on a 30-year home loan to remain above 6%. The National Association of Realtors’ latest forecast calls for the rate on a 30-year home loan to average between 6% and 7% by the start of next …

Inside America's most OVERVALUED housing market: Idaho underwent a property boom during the pandemic but experts say homes are selling 40% higher than their true worth - leaving owners at risk of nega
1 year, 4 months ago

Inside America's most OVERVALUED housing market: Idaho underwent a property boom during the pandemic but experts say homes are selling 40% higher than their true worth - leaving owners at risk of nega

Daily Mail  

But as mortgage rates rise, residents are at risk of falling into negative equity The Gem State is a pandemic 'boom town' after attracting influx of homebuyers Report this week found Idaho homes were the most overvalued in the US Its expansive ski resorts, low living costs and vast hot springs attracted an influx of homebuyers during the pandemic. It …

Home sales fell again in September as surging mortgage rates, rising prices discouraged homebuyers
1 year, 5 months ago

Home sales fell again in September as surging mortgage rates, rising prices discouraged homebuyers

Associated Press  

LOS ANGELES — Sales of previously occupied U.S. homes in September fell for the fourth month in a row, grinding to their slowest pace in more than a decade as prospective homebuyers grapple with surging mortgage rates and a near historic-low level of properties on the market. Existing home sales fell 2% last month from August to a seasonally adjusted …

Home sales fell again in August as homebuyers grapple with rising mortgage rates and prices
1 year, 5 months ago

Home sales fell again in August as homebuyers grapple with rising mortgage rates and prices

Associated Press  

LOS ANGELES — Sales of previously occupied U.S. homes fell for the third month in a row in August, as higher mortgage rates, rising prices and a dearth of properties on the market shut out many would-be homebuyers. Existing home sales fell 0.7% last month from July to a seasonally adjusted annual rate of 4.04 million, the National Association of …

These are 5 ways surging mortgage rates are reshaping the housing market
1 year, 6 months ago

These are 5 ways surging mortgage rates are reshaping the housing market

NPR  

These are 5 ways surging mortgage rates are reshaping the housing market Enlarge this image toggle caption Andrew Caballero-Reynolds/AFP via Getty Images Andrew Caballero-Reynolds/AFP via Getty Images Mortgage rates have climbed to the highest level in more than two decades — and that's leading to a split-screen market in housing. Sales of existing homes have fallen sharply, but new homes …

Have home prices bottomed? While low housing inventory stymies sales, bidding wars prop up prices
1 year, 6 months ago

Have home prices bottomed? While low housing inventory stymies sales, bidding wars prop up prices

Associated Press  

LOS ANGELES — The U.S. housing market remains in a deep sales slump, but the worst declines may be over when it comes to home prices. If mortgage rates remain elevated and inventory continues rising, the combination could weigh on home prices and cause the national median sales price to dip this fall, said Lisa Sturtevant, chief economist at Bright …

Is now a good or a bad time to put your home on the market?
1 year, 7 months ago

Is now a good or a bad time to put your home on the market?

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. The key …

Mortgage rates climb toward 7% after America’s credit rating was downgraded
1 year, 7 months ago

Mortgage rates climb toward 7% after America’s credit rating was downgraded

CNN  

Washington, DC CNN — US mortgage rates jumped this week, climbing closer to 7%. “The combination of upbeat economic data and the U.S. government credit rating downgrade caused mortgage rates to rise this week,” said Sam Khater, Freddie Mac’s chief economist. “Despite higher rates and lower purchase demand, home prices have increased due to very low unsold inventory.” The average …

House prices are falling, but here’s why it would be wrong to give up on bricks and mortar
1 year, 7 months ago

House prices are falling, but here’s why it would be wrong to give up on bricks and mortar

The Independent  

Homeowners can be forgiven for worrying about the news of a slump in house prices, but all is not doom and gloom. Whereas April and May’s hot inflation figures raised the prospect that the UK could be an outlier on inflation among advanced economies, prompting an ugly spike in borrowing costs, June’s reading largely allayed those fears. The Nationwide data …

Housing markets where homes cost over £300,000 ‘more exposed to price falls’
1 year, 7 months ago

Housing markets where homes cost over £300,000 ‘more exposed to price falls’

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. “The more …

A fall in house prices can only be a good thing
1 year, 8 months ago

A fall in house prices can only be a good thing

The Independent  

“A fall in house prices is a bad thing.’’ What a load of nonsense! Philip Pound London The only winner of the mortgage crisis is the banks As the hand-wringing over our surging interest rates continues unabated, and gleeful pundits predict a tanking of the housing market, you’d assume it was all bad news for borrowers. “A rising tide lifts …

Buying or selling? How to deal with rising mortgage rates and falling house prices
1 year, 8 months ago

Buying or selling? How to deal with rising mortgage rates and falling house prices

The Independent  

For millions of Britons who had plans to move house or get on the property ladder this year, the latest mortgage misery coupled with the cost of living crisis makes paints a grim picture. Ross Lacey, director and chartered financial planner at Fairview Financial Management, said: “As a homeowner, if you want to move then even if your property price …

Sellers are accepting bigger discounts as house prices slow
1 year, 8 months ago

Sellers are accepting bigger discounts as house prices slow

Daily Mail  

House price growth slowed down further in June, as soaring mortgage rates hit buying power and sellers accepted larger discounts to shift their homes. Slowdown: Higher mortgage rates are set to hit buying power in the coming months Around 15 per cent are accepting even greater discounts of more than 10 per cent below the asking price. Zoopla believes house …

May home sales rise with near record-few on the market and biggest annual price drop since 2011
1 year, 8 months ago

May home sales rise with near record-few on the market and biggest annual price drop since 2011

Associated Press  

LOS ANGELES — Sales of previously occupied U.S. homes edged higher in May and the national median sale price posted its biggest annual drop in more than a decade, as a near all-time low supply of available properties constrained the housing market. Existing home sales rose 0.2% last month from April to a seasonally adjusted annual rate of 4.3 million, …

Looking for a house? High mortgages, few homes lead to biggest annual price drop in 11 years
1 year, 10 months ago

Looking for a house? High mortgages, few homes lead to biggest annual price drop in 11 years

Associated Press  

LOS ANGELES — A persistently low inventory of homes on the market held back U.S. home sales again in April, even as the national median sale price posted its biggest annual drop in 11 years. Existing home sales fell 3.4% in April from March to a seasonally adjusted annual rate of 4.28 million, the National Association of Realtors said Thursday. …

Sale of newly constructed homes falls by half; Housing minister concerned
1 year, 11 months ago

Sale of newly constructed homes falls by half; Housing minister concerned

NL Times  

Sales of new construction homes fell by half in the last quarter of 2022 compared to a year earlier, Statistics Netherlands said this week. The cause of the trend is likely due to the limited growth of new homes placed on the market, said CBS Chief Economist Peter Hein van Mulligen. “Then you get an interest rate shock: both buyers …

Low-cost homes hit by rate hike spree
2 years ago

Low-cost homes hit by rate hike spree

Live Mint  

Fewer customers are taking out loans to buy so-called affordable homes after several back-to-back interest rate hikes, with demand slackening sharply in the last few months, according to senior bankers and data analyzed by State Bank of India’s research wing. Bankers said moderating demand is the intended consequence of the Reserve Bank of India trying to slow stubbornly high inflation …

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