The NYC housing market forecast for 2025 paints a picture that is both promising and challenging. As of now, the average home value in New York City stands at around $755,137, reflecting a modest 1.3% increase over... Read more »
Closing a deal for your client feels like crossing the finish line, but there’s always the potential for the contract to fall through somewhere along the way. Bright MLS, the second-largest multiple... Read more »
Have you been hearing the buzz about how mortgage rates have recently changed? Well, mortgage rates fall 98 basis points as compared to last year is the news that’s making waves and is catching... Read more »
Lower mortgage rates over the past several months have led to increased affordability for prospective homebuyers, and this could lead to an extra competitive fall 2024 season. That’s according to a Zillow... Read more »
In a world where the housing market often feels like a rollercoaster ride, it’s fascinating to see that a record share of consumers expect mortgage rates to fall. While many are feeling unsure... Read more »
The price of newly built homes plunged last month as homebuilders sought ways to attract buyers who are feeling the pinch of higher mortgage rates. The median sales price of a newly... Read more »
Everyone was waiting to see if this week’s jobs report would send mortgage rates higher, which is what happened last month. Instead, the 10-year yield had a muted response after the headline... Read more »
Despite feelings of optimism expressed by loan originators in the opening weeks of 2024, the road to more normalized levels of reverse mortgage volume and securities issuances may be longer than expected.... Read more »
With ongoing liquidity challenges and a continuing lag in Home Equity Conversion Mortgage (HECM) case numbers, reverse mortgage business in 2024 started off with a bit of a whimper. Both HECM endorsements... Read more »
Weekly housing inventory data Here is a look at the first week of the year: Weekly inventory change (Jan. 12-19): Inventory rose from 505,223 to 506,414 Same week last year (Jan. 13-20):... Read more »