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NAR forecasts mortgage rates will average 6.4%, existing-home sales will increase by 6%, new-home sales will improve by 10% and the national median home price will rise by 3% in 2025 Key Highlights Pending home sales in February augmented 2.0%. Compared to one month ago, pending home sales declined

Key Highlights Existing-home sales advanced 4.2% in February to a seasonally adjusted annual rate of 4.26 million. Sales slipped 1.2% from one year ago. The median existing-home sales price rose 3.8% from February 2024 to $398,400, the 20th consecutive month of year-over-year price increases. The in

Ryan Skove has shared this article with you.     View  |  Download     30YR Fixed 6.78% -0.04% 15YR Fixed 6.23% -0.01%   Mortgage Rates Recover After Starting Slightly Higher Mortgage rates hit their highest levels in just over 2 weeks yesterday and they were on track to remain unchanged today. In f

On Tuesday, President Donald Trump’s administration imposed new tariffs on imports from Canada and Mexico while increasing existing tariffs on goods from China, a move expected to raise prices for new homes, according to a recent CoreLogic report. That’s largely because tariffs affect essential home

New Jersey Real Estate Market Update: Trends in Long Branch, Monmouth County, and National Construction Insights The real estate landscape is evolving rapidly, and staying informed is essential whether you're a seller, buyer, or investor. In this blog post, we explore the latest market updates for N

Refi Demand at 3 Month High Thanks to Lower Rates Ryan Skove has shared this article with you.     View  |  Download       30YR Fixed 7.03% +0.01% 15YR Fixed 6.45% -0.01%   Refi Demand at 3 Month High Thanks to Lower Rates In this week's update on mortgage applications from the Mortgage Bankers Asso

Ryan Skove has shared this article with you.     View  |  Download     30YR Fixed 7.07% +0.00% 15YR Fixed 6.49% +0.01%   Home Price Appreciation Ran Just Above Expectations in November Both S&P Case-Shiller and the FHFA released national home price indices this morning. In both cases, November's pri

Ryan Skove has shared this article with you.     View  |  Download     30YR Fixed 7.07% -0.04% 15YR Fixed 6.48% -0.03%   Can Trump Actually Force Rates to Move Lower? It turned out to be an intensely boring week for mortgage rates. The average lender stayed right in line with last week until moving

  Ryan Skove has shared this article with you.     View  |  Download       30YR Fixed 7.11% -0.01% 15YR Fixed 6.51% -0.01%   Existing Home Sales Inch Up to Highest Levels Since February It's no mystery that 2024 hasn't been a stellar year for home sales and many other housing metrics. Today's releas

  Ryan Skove has shared this article with you.     View  |  Download     30YR Fixed 7.11% -0.01% 15YR Fixed 6.51% -0.01%   Highest Purchase Applications in a Year? Technically, Yes The Mortgage Bankers Association's (MBA) weekly mortgage application survey showed a modest decrease in refinance appli

  Ryan Skove has shared this article with you. Download PDF View on Web       30 YR Fixed 7.13% -0.12% 15 YR Fixed 6.52% -0.06% 30 YR FHA 6.55% -0.04% 30 YR Jumbo 7.40% -0.04%   Mortgage Rates Make a Modest Recovery Ahead of Important Inflation Data Mortgage rates officially hit the highest levels s

NEW JERSEY (NJRE.co) - Jersey Mike's, the quickly expanding sandwich chain, is being acquired by asset management giant Blackstone. In the transaction announced Tuesday, private equity funds managed by Blackstone will be used to acquire majority ownership of Jersey Mike's. The deal is "intended to h

  30YR Fixed 7.09% +0.07% 15YR Fixed 6.48% -0.02%   Existing Home Sales Update: Still Bad Housing was chugging right along in early 2020, then covid happened.  Housing experienced lots of unexpected volatility with the most important development being a huge increase in demand and prices... at first

CONSUMER GUIDE: WHY AM I BEING ASKED TO SIGN A WRITTEN BUYER AGREEMENT? If you’re a homebuyer working with an agent who is a REALTOR®, it means you are working with a professional ethically obligated to work in your best interest. As of August 17, 2024, you will be asked to sign a written buyer agre

CONSUMER GUIDE: REALTORS’® DUTY TO PUT CLIENT INTERESTS ABOVE THEIR OWN   A REALTOR® is a special kind of real estate agent: one who follows NAR’s strict Code of Ethics, including the first and primary pledge to protect and promote the interests of their clients. This obligation means that a REALTOR

 

Why Pre-Approval Should Be at the Top of Your Homebuying To-Do List Since the supply of homes for sale is growing and mortgage rates are coming down, you may be thinking it’s finally your moment to jump into the market. To make sure you’re ready, you need to get pre-approved for a mortgage. That’s w