First American Title’s Post

With mortgage rates currently exceeding last year's levels, the housing market is struggling to gain momentum. Higher rates are hitting sales from both sides—pricing out buyers who lose purchasing power and keeping potential sellers locked into their existing rates. This dual impact makes it a tough environment for anyone looking to buy or sell a home. #Housing #InterestRates #RealEstate

The lower mortgage rates provided a boost to existing-home sales which grew in November, up 0.8% from October and breaking a streak of five consecutive monthly declines, according to the National Association of Realtors: #realestate #housing #interestrates

Check out the latest housing market update: New home sales fell short of expectations in October as mortgage rates hovered near 8%. Prices remain high across the economy. . . #HousingMarket #NewHomeSales #MortgageRates #RealEstate #HomePrices #UShousingmarket #FedRateHikes #Inflation #Affordability #Homeownership #RentalAffordability #TenantProtections #InterestRates #EconomicTrends #FinancialMarkets #HousingCrisis #FederalReserve #HomeAffordability #HousePrices

Lower mortgage rates and easing prices will help spark the beginning of an affordability turnaround in 2024, according to the Realtor.com® 2024 Housing Forecast released today. But the supply of existing homes will still be tight and renting will remain a competitive option in most markets. This year's forecast also includes price and sales predictions for the top 100 U.S. metros (see #Realtors

A New York Times article has highlighted a concerning trend in the housing market. The current mortgage rate is causing many homeowners to become frozen in place, unwilling to sell due to the higher rates compared to their current rate. This disruption in the market is causing a standstill in the industry. #theagiledashboard

A combination of high mortgage rates and high prices are discouraging first-time buyers and making cash purchases for affluent buyers a more attractive option. #connectingbuilderswithbuyers #newconstruction #newconstructionhomes

The US housing market faces a challenging summer with rising mortgage rates impacting buyer behavior. Experts anticipate a slowdown in sales and prices as cautious buyers navigate the changing landscape. Recent data reveals a significant jump in the average 30-year fixed-rate mortgage, now at 6%. This surge from 3% two years ago has made homeownership […]

🏠 Good news for homeowners and potential buyers alike! 📈✨ The housing market is on the rise again, with mortgage rates dropping steadily. 💰📉Experts are even predicting exciting improvements ahead for the housing market in 2024. 🌟 Stay in the loop and find out how this could impact you. 😉 #RealEstate #MarketTrends #HomeSweetHome

🏠 Good news for homeowners and potential buyers alike! 📈✨ The housing market is on the rise again, with mortgage rates dropping steadily. 💰📉Experts are even predicting exciting improvements ahead for the housing market in 2024. 🌟 Stay in the loop and find out how this could impact you. 😉 #RealEstate #MarketTrends #HomeSweetHome

The US housing market faces a challenging summer with rising mortgage rates impacting buyer behavior. Experts anticipate a slowdown in sales and prices as cautious buyers navigate the changing landscape. Recent data reveals a significant jump in the average 30-year fixed-rate mortgage, now at 6%. This surge from 3% two years ago has made homeownership […]