First American’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

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

While the average monthly housing payment in the U.S. fell to its lowest level since the start of the year, it isn’t improving sales, as potential buyers are holding out for lower mortgage rates, according to a new Redfin report. During the four weeks ended Sept. 1, the median U.S. monthly housing payment fell to $2,534, the lowest since January and almost $300 lower than April’s all-time high. Home sales are yet to improve despite declining housing payments. In fact, they are also declining. Year over year pending home sales fell 8.4%, marking the biggest decline in nearly a year. #Atlantarealestate #AtlantaRealtors #Atlantahomes

Ready to jump back into the housing market? Falling mortgage rates are rekindling buyer interest! Discover how this shift could benefit you. Click to read more! #HomeBuying #RealEstateTrends

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

🏠 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 […]

“Home sales were disappointing again in August, but the recent development of lower mortgage rates coupled with increasing inventory is a powerful combination that will provide the environment for sales to move higher in future months,” says NAR Chief Economist Lawrence Yun. #realestate #economy #housingmarket

As mortgage rates dip below 6.5%, the age-old debate of renting versus buying resurfaces, prompting potential homeowners to reassess their options in a shifting real estate landscape. #HousingMarket #MortgageRates #RentVsBuy https://lnkd.in/gN2B3bG2