New NAR Guides: Auctions, Attorneys
Two new NAR Consumer Guides explain how home auctions work and what to know when hiring a real estate attorney.
Shift in Pricing Puts New Builds Within Reach
The gap between new builds and existing homes has narrowed, presenting an opportunity for real estate agents and buyers to navigate a tough affordability environment.
Are Modular Homes Going Mainstream?
Modular, 3D-printed and prefab homes are growing in popularity as rebuilding options after disasters despite image and transportation hurdles.
Buyers Gaining Ground as Market Shifts
Mortgage rates dipped to 6.86% as listings rose 32% year over year. With more homes for sale and stable prices, buyers are gaining leverage in markets nationwide.
Getting the Built-In Cabinet Look With Furniture
Freestanding cabinets, hutches, and vintage pieces offer stylish, flexible storage at lower costs, as interest grows in “unfitted” kitchens and resale finds.
Buyers’ Guide for Outdoor Furniture
Most homeowners want to use their outdoor spaces more. Smart upgrades, including durable furniture, lighting and fabrics, can boost comfort, use and value.
Fed Leaves Key Interest Rate Unchanged
Federal Reserve officials expect inflation to rise but still anticipate two interest rate cuts by the year’s end. Interest rates impact mortgage rates.
Mortgage Rates See Third Weekly Decline
Rates on 30-year mortgages fell to 6.81% from 6.84% last week, while 15-year mortgage rates eased to 5.96% from 5.97%, mortgage buyer Freddie Mac said.
May Housing Starts Dip as Multifamily Slows
Housing starts fell 9.8% in May, driven by a sharp drop in multifamily construction, while single-family starts were mostly flat amid ongoing market pressures.
New Home Purchase Mortgage Apps Down in May
New home purchase mortgage applications fell 4.5% year-over-year in May, with estimated sales down 12.1% from April, the MBA said.