rising mortgage rates

Pending Home Sales See 0.5 Percent Increase in September

  WASHINGTON/ October 25, 2018 (STL.News) – Pending home sales rose slightly in September and saw substantial increases in both the West and Midwest, according to the National Association of Realtors®. The Pending Home Sales Index,* www.nar.realtor/pending-home-sales, a forward-looking indicator based on contract signings, increased 0.5 percent to 104.6 in September from 104.1 in August. … Continue reading Pending Home Sales See 0.5 Percent Increase in September

NEW YORK | Rising rates, slowing home sales expected to hurt remodelers

NEW YORK — General contractors and other small businesses in the home remodeling industry can expect revenue to slow in 2019, the result of rising mortgage rates and sluggish home sales. That’s the prediction of Harvard University‘s Joint Center for Housing Studies, which last week issued its quarterly report on home remodeling. The center’s index … Continue reading NEW YORK | Rising rates, slowing home sales expected to hurt remodelers

Redfin Report: May Real Estate Market the Fastest on Record; Prices Up 6.3%

SEATTLE/ June 14, 2018 (STLRealEstate.News) — (NASDAQ: RDFN)–The typical home that sold in May went under contract in 34 days, according to Redfin (www.redfin.com), the next-generation real estate brokerage. May broke April’s record of 36 days, which was the fastest month Redfin had recorded going back to 2010.  Amid the speed, the national median home sale price rose … Continue reading Redfin Report: May Real Estate Market the Fastest on Record; Prices Up 6.3%

Landing the right house in a tough market for homebuyers

April 18, 2018 (AP) (STLRealEstate.News) — It’s tough out there for would-be homeowners. They’re facing rising mortgage rates, higher home prices and a shortage of available houses in many markets. Plus, recent changes to the tax law do them no favors. So what can a potential homebuyer do? GET PERSPECTIVE Higher mortgage rates may feel … Continue reading Landing the right house in a tough market for homebuyers