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Sales of new US single-family homes unexpectedly increased in April as builders lowered prices to lure buyers, but rising mortgage rates and an uncertain economic outlook remain constraints for the ...
Sales of previously occupied U.S. homes fell in April, as elevated mortgage rates and rising prices discouraged prospective ...
Mortgage rates ticked down fractionally in the most recent week but remained near levels likely to stifle robust demand in the housing market.
Mortgage rates inched higher over the last week, delivering yet another blow to a lackluster spring housing market.
But aspiring homeowners remain constrained by a tangle of economic challenges, from stubbornly high mortgage rates to affordability hurdles—reflected in the continued slowdown of home sales.
Sales of previously occupied U.S. homes slowed in March, a lackluster start to the spring homebuying season as elevated mortgage rates and rising prices discouraged home shoppers. Existing home ...
It is getting harder to predict which way mortgage rates will ultimately head," said Lisa Sturtevant, chief economist for Bright MLS, a database of homes for sale ... Inc. Impact on your credit ...
High mortgage rates were blamed for the 5.9% drop in sales of existing U.S. homes in March. The seasonally adjusted annual rate of 4.02 million existing home sales for March reported by the ...
Existing U.S. home sales hit their lowest annualized rate for April since 2009. Why it matters: Lower consumer sentiment and ...
Home sales in March declined by the most since 2022 as stubbornly high mortgage rates and house prices kept buyers on the sidelines. Sales of previously owned homes in March dropped 5.9% from the ...
Kacie is a freelance contributor to Newsweek’s personal finance team. Over the last decade, she’s honed her expertise in the personal finance space writing for publications like CNET, Bankrate ...
If a borrower has a high ... down sales or lead to dropping home prices. The Federal Reserve doesn’t directly set mortgage rates, however, it sets benchmark federal funds rates that impact ...