Agents see growing demand as mortgage rates plummet

Like an avalanche growing larger as it tumbles down a mountain, agents are seeing swelling demand from buyers as mortgage interest rates plummet.

Bidding wars are way down among Redfin homebuyers

Only 16 percent of homebuyers using Redfin faced a bidding war during the first weeks of March, a major decrease from the year before, the online brokerage reported Wednesday.

Housing market will remain ‘positive, if not spectacular’ until 2020

Economists who spoke at the National Association of Home Builders’ (NAHB) annual convention and expo last week had a very important message for the real estate world: Mortgage rates will remain manageable — for now.

7 homebuying trends that’ll impact your market in 2019

Knowing what your buyers value most will save you and your clients alike the frustration of viewing unsuitable properties. Keep these buying and moving trends in mind when helping prospective buyers earn the keys to their dream home.

Fed puts interest rate hikes on hold

The Federal Reserve announced on Wednesday that it would hold the federal funds rate in a range between 2.25 percent and 2.5 percent due to a strong labor market and robust economic activity.

Howard Hanna lets buyers shop with pre-locked mortgage rates

The program stands in stark contrast to the way most loans work, which typically require a borrower to have a contract already in place before they can lock in an interest rate.

Fed raises interest rate for the fourth time in 2018

The Fed’s increase sets a target range for the federal funds rate of 2.25 percent to 2.5 percent. The increase of 25 basis points came as the “labor market has continued to strengthen and that economic activity has been rising at a strong rate,” according to a statement from the Fed.

Rising interest rates cost homeowners an extra $1,416 per year

According to Zillow’s latest report, the hike in rates has led the monthly mortgage payment for a median-priced home to increase 15.6 percent since Aug. 2017, which breaks down to an extra $118 per month or $1,416 per year.

Rising interest rates cost homeowners an extra $1,416 per year

According to Zillow’s latest report, the hike in rates has led the monthly mortgage payment for a median-priced home to increase 15.6 percent since August 2017, which breaks down to an extra $118 per month or $1,416 per year.

How are agents (and their clients) coping with stock market jitters?

The stock market’s slump this week likely has many in the real estate industry wondering what the downswing means for their bottom line.