Mortgage rates dipped modestly this week after financial markets reacted with relief when President Donald Trump quickly suspended harsh new tariffs he had proposed against Canada and Mexico. The average rate on 30-year fixed home loans dropped to 6.89% for the week ending Jan. 30, down from 6.95% the prior week, according to Freddie Mac. Rates […]

A luxury home sitting on the first hole of the famed golf course, which is host to this weekend’s Waste Management Phoenix Open, has hit the market. “It’s very rare in here. It’s just a few homes a year that are even on the market on the course,” Sindy Ready, the president of Arizona Realtors,

Mark Humphrey/Association Press Sales of previously owned homes slowed down in January amid higher mortgage rates, setting a disappointing tone for the start of the new year. Existing-home sales dropped 4.9% last month from December, to a seasonally adjusted annual rate of 4.08 million, the National Association of Realtors® reported Friday. However, the January sales

Florida condominium owners are begging for relief after a new building safety law passed in the aftermath of the deadly Surfside collapse burdened them with staggering fees—and one lawmaker is warning that it could trigger the “next wave of homeless people.” The issue of condo safety has become a lightning rod in Florida since Senate

The housing market took a dramatic shift to round out 2024 as pending home sales decreased to 5.5% in December. The drop was significant after four straight months of increases, according to the National Association of Realtors®. “Buyers pulled back in response to climbing mortgage rates. Contract signings fell 5% year over year, the biggest

Big cities are in the spotlight this week, and that’s due to their affordability. The Winter 2025 Wall Street Journal/Realtor.com Housing Market Ranking released this week has pinpointed St. Louis as the top luxury housing market in the U.S. for the third straight quarter while Detroit comes in at No. 2. These metros topped the

Realtor.com Sellers are flooding back into the market, with the number of new home listings growing into the double-digit territory, Realtor.com weekly housing data shows.  This is helping to propel slow and steady growth in the availability of for-sale homes even as the time on the market gap shrank.  Buyers will not only have more

Federal Reserve policymakers left the central bank’s key interest rate unchanged at their latest meeting on Wednesday, exercising caution following several rounds of rate cuts. The decision to leave the federal funds rate unchanged at a range of 4.25% to 4.5% was widely expected, and will have little immediate impact on mortgage rates for homebuyers.

Annual home price growth accelerated in November for the first time in seven months, showing that prices remain responsive to mortgage rates, which dipped briefly last fall. Nationwide, home prices grew 3.8% in November from a year earlier, more than the 3.6% gain seen in October, according to the latest S&P CoreLogic Case-Shiller Index data

Sales of previously owned homes rose last month, but not enough to prevent 2024 from being the slowest year for home transactions in nearly 30 years. Existing-home sales rose 2.2% on the month in December to a seasonally adjusted annual rate of 4.24 million, the strongest pace since February 2024, the National Association of Realtors®