June 8, 2025 - 01:46
Home loan applications have experienced a notable decline for the third consecutive week, as mortgage rates remain stubbornly close to 7%. This ongoing trend has left a significant number of homes listed for sale, as potential buyers are deterred by the high cost of borrowing.
The latest data indicates that the demand for mortgages has weakened, with many prospective homeowners opting to delay their purchases in light of rising interest rates. The elevated rates have made affordability a significant concern, prompting buyers to reconsider their financial strategies.
As a result, the housing market is witnessing an increase in inventory, with more properties available for sale. Sellers may need to adjust their expectations as buyers become increasingly cautious in this challenging financial landscape. The combination of high mortgage rates and reduced buyer activity continues to shape the dynamics of the real estate market, leaving many to speculate on the future direction of home prices and sales.
June 16, 2025 - 20:55
Trump Organization's Financial Ties to Saudi Developer RevealedIn a recent annual financial disclosure, former President Donald Trump has revealed that his Trump Organization received millions of dollars from the Saudi Arabian real estate developer, Dar Al...
June 16, 2025 - 00:37
Understanding Mortgage Closing Costs Across StatesThe amount needed to pay at closing will vary by state, significantly impacting homebuyers` overall expenses. As mortgage rates hover near 7%, potential homeowners are increasingly focused on...
June 15, 2025 - 01:59
Home Prices Expected to Rise in 2025, According to NAR ForecastThe National Association of Realtors (NAR) anticipates a 3% increase in home prices across the United States in 2025. This projected growth is largely attributed to a resurgence in housing sales...
June 14, 2025 - 02:38
Historic GE Headquarters in Fort Point Sold for $57 MillionBOSTON — The building in Boston’s Fort Point neighborhood that once served as General Electric’s temporary headquarters has been sold for just over $57 million. This transaction comes at a...