Market Updates
Lower Mortgage Spreads = Lower Loan RatesThe gap between 10-year treasury yields and mortgage rates, aka the mortgage spread, has dropped to its lowest in over three years. This is good news for home buyers, as a lower mortgage spread translates into lower mortgage...
Market Updates
Buyer Opportunities On the RiseIf you're having a busier week than usual, you're not alone. The daily average mortgage rate dropped to its lowest level in nearly a year, moving more buyers off the sidelines. Clients who qualify for a 6.55% mortgage rate have gained...
Market Updates
Buyer Opportunities On the RiseIf you're having a busier week than usual, you're not alone. The daily average mortgage rate dropped to its lowest level in nearly a year, moving more buyers off the sidelines. Clients who qualify for a 6.55% mortgage rate have gained...
Market Updates
Senate Committee Releases Affordable Housing BillRecently, the Senate Committee on Banking, Housing, and Urban Affairs voted to advance the Renewing Opportunity in the American Dream to Housing (ROAD to Housing) Act of 2025 which aims to increase the supply of...
Market Updates
This Week's Data Will Forecast 2H 2025This week is shaping up to be an important one, as a stack of economic data will be released. Here are some numbers to check out.While July's Consumer Confidence Index rose to 97.2 (1985=100), which is a two-point improvement from...
Market Updates
Consumers Conflicted about Tariffs' Effect on HousingThis year's news has often featured stories about the effect of tariffs and immigration on the U.S. economy. Some consumers are especially concerned about the effect on home prices and availability. A survey carried...
Market Updates
Sellers in the South, West Regions Cut PricesAs the inventory of homes for sale continues to rise, over 30% of the 100 largest metro markets are reporting annual price reductions. Last month's housing inventory rose to 29% year-over-year, according to data provided by...
Market Updates
How H.R. 1 Will Change the Real Estate MarketLast week, President Trump signed H.R. 1, nicknamed the Big Beautiful Bill, into law. Here are some provisions of the bill that may affect your clients, from first-time buyers to investors.Homeowners can now permanently...
Market Updates
Seller Optimism Is Mysteriously HighEven with more home sellers reducing their initial asking prices, a recent survey found that they're feeling quite optimistic these days. Over 75% of them aren't expecting to lower their asking price. However, this outlook doesn't...
Market Updates
May Home Sales, Prices Rise SlightlyRecent NAR data found that sales of previously owned homes rose slightly in May, up 0.8% from the previous month. This brought sales to an annualized rate of 4.03 million units. However, sales were 0.7% lower than during May 2024.On...
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