Posts from: Market Insight

Surging Pending Sales, Falling Rates: Despite a slight dip in existing-home sales, the market is on the upswing. With pending sales jumping 8.3% and mortgage rates declining, buyers are reemerging. NAR predicts a 13% surge in sales this year.

Current homeowners, many of whom locked in mortgage rates several percentage points below today’s current rates, are delaying the decision to sell until market conditions improve. With only 2.9 months’ supply heading into May, available homes are moving fast, with the…

Across the country, consumers are feeling the bite of inflation and surging mortgage interest rates, which recently hit 4.6% in March, according to Freddie Mac, rising 1.4 percent since January and the highest rate in more than 3 years.