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Report: Youth-Dominated Markets Stand to Benefit More From Mortgage Rate Cuts
Following recent Federal Reserve interest rate cuts, mortgage rates are trending downwards, with about 81% of existing mortgages carrying a rate of 6% or lower. A new report from Realtor.com® revealed that metros with younger populations are positioned to benefit most from lower mortgage rates. Nationally, around 64% of all U.S. occupied homes are owned,…
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‘No Such Thing as Moderates’: North Dakota Governor Urges Cross-Partisan Housing Reform
Above, Kelly Armstrong NEW HAVEN, CT—The self-described deeply conservative governor of a ruby-red Midwest state travels to an enclave of the liberal coastal elite. Speaking to an audience full of left-leaning activists and policy wonks, he receives numerous enthusiastic rounds of applause. What was the hot-button topic that bridged our current hyper-strained political environment? Answer:…
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Existing-Home Sales Flat, Down Just 0.2% in August
The National Association of Realtors®’ (NAR) latest report released today revealed essentially unchanged sales activity, contributing to three consecutive years of sluggish home sales. August saw a slight decrease in existing-home sales from July, at just 0.2%, with a seasonally adjusted rate of 4 million homes sold. Year-over-year, the market has seen a 1.8% increase…
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