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Mortgage rates dropped to their lowest level since February after the latest CPI report showed inflation cooling. Still, pending home sales posted their biggest decline in eight months (NASDAQ: RDFN) — The typical U.S. homebuyer’s monthly housing payment was $2,722 during ...
2024-07-18 05:32:00 ET The real estate industry has certainly suffered as a result of the U.S. Federal Reserve's aggressive hike in interest rates to tamp down outsized inflation. The central bank increased the federal funds rate from a historic low of 0%-0.25% up to 5.25%-5.5% in just 18 m...
Just over one-third of all homes listed for sale in swing states so far this year were affordable to a household earning the median income, down from two-thirds in 2020 (NASDAQ: RDFN) — The median monthly housing payment for homebuyers in swing states has nearly doubled since the...