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New-Home Sales Heat Up to Seven-Month High in February

New-home sales heated up to a seven-month high in February at 592,000, a 6.1 percent increase, according to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). The average new-home sales price was $390,400, while the…

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Realtor.com: Not Every Market Is a No-Go for Millennials

Millennial homebuyers are struggling against a tide of too-high prices—but not in every market. Realtor.com®’s recently released Top Cities for Millennials ranks the markets with double the draw for millennials: (relatively) affordable housing and employment. The top 10: Salt Lake…

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Realtor.com: Not Every Market Is a No-Go for Millennials

Millennial homebuyers are struggling against a tide of too-high prices—but not in every market. Realtor.com®’s recently released Top Cities for Millennials ranks the markets with double the draw for millennials: (relatively) affordable housing and employment. The top 10: Salt Lake…

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Mortgage Rates Make Steepest Drop in Two-Plus Months

The average 30-year fixed mortgage rate slumped seven percentage points this week to 4.23 percent, the steepest drop in more than two months, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). The 15-year fixed mortgage rate made…

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Existing-Home Sales Sputter in February

Existing-home sales sputtered in February as lower-than-low inventory kept a lid on activity, the National Association of REALTORS® (NAR) reports. Existing-home sales totaled 5.48 million, a 3.7 percent slip from a decade-high in January and a 5.4 percent hike from…

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