Existing Home Sales, which reflect closings on existing homes, fell for the secondstraight month in September, down 1% from August and 3.5% from a year ago. The3.84-million-unit pace represents a 14-year low as NAR’s Chief Economist, LawrenceYun, noted that “home sales have been essentially stuck at around a four-million-unitpace for the past 12 months.” Regarding […]

Home prices continued their upward trend in February, defying high mortgage rates and low inventory of homes for sale. The S&P CoreLogic Case-Shiller national housing index rose 6.4% from February a year ago and up from the 6% annual increase registered in January.  San Diego led the way with an 11.4% annual increase, while Chicago and […]

A new report has revealed just how reluctant homeowners are to sell due to the attractiveness of their current mortgage rates.  The April ICE Mortgage Monitor report found that, on average, a homeowner’s payment would more than double if they traded up to a home just 25% more expensive. “After American mortgage holders secured some […]