News Category: Real Estate News

New-Home Sales Turn Downward

New-home sales fell 5.6% in October, erasing the miraculous 12.3% growth seen in September. Data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau states that sales of newly built, single-family homes were at a rate of 679,000 in October, down from September's revised...

Read More

Mortgage Rates Continue to Slide Down

Seeing their fourth week of declines, the 30-year fixed-rate mortgage (FRM) averaged 7.29% this week, down from last week's dip to 7.44%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Wednesday, Nov. 22. This week's results include an adjustment for the observance of Thanksgiving....

Read More