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Having mortgage preapproval has always been important, but it might be even more significant than it was a half-decade ago.
Fed Chair Jerome Powell said there’s been a lack of progress moving towards the 2% inflation target, so a rate cut in the near future is not likely.
The average rate on a 30-year mortgage has increased for five consecutive weeks and is at 7.22%, the highest since November 30.
Before the pandemic, golf communities were seeing a decline in interest. Now, millennial homeowners are discovering the amenities fit their lifestyles.
New study found home sellers see a 13.1% premium in May. The study also found May 27th is the best day to sell a home, with a seller premium of 16.2%.
The CEO of D.R. Horton, the nation’s largest homebuilder, said good migration and job growth in Florida is a plus for the housing market.
Responses to the nationwide survey said Americans remain concerned about high prices, particularly for food and gas.