Economist: Mortgage Rates Hurt Buyers More Than Home Prices
As the average for a 30-year loan rises again, an NAR researcher says higher borrowing costs have triple the impact on monthly mortgage payments.
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Category: REALTOR Magazine
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NAR: Contract Signings, Down Again, May Have Hit Bottom
Pending home sales in July dropped nearly 20% year over year as the housing market continues to slow. But a turnaround is in sight, says Lawrence Yun.
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New-Home Sales Plummet as Rising Costs Sideline More Buyers
In another sign of a reversal of fortune for homebuilders, new-home sales in July tumbled to their slowest pace in six years.
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Homes Haven’t Been This Unaffordable Since 1989
Housing affordability hit a 33-year low in June, according to NAR data. But an increase in inventory and stabilizing mortgage rates may stem the tide.
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Mortgage Rates Settle In the 5% Range
As inflation appears to have peaked, borrowing costs are starting to stabilize.
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