Over the past year, almost half of prospective first-time buyers have delayed their plans to buy a home. This comes as house prices fell by 0.4% in April compared to March according to our monthly House Price Index. Robert Gardner, our Chief Economist, commented, “The most commonly cited reason amongst those having to delay their plans to buy a home is that house prices are too high (53%), though 41% said that higher mortgage costs were preventing them from buying and a third cited deposit as a barrier”. Read more: http://spr.ly/6044jySZ6
Nationwide Building Society’s Post
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Over the past year, almost half of prospective first-time buyers have delayed their plans to buy a home. This comes as house prices fell by 0.4% in April compared to March according to our monthly House Price Index. Robert Gardner, our Chief Economist, commented, “The most commonly cited reason amongst those having to delay their plans to buy a home is that house prices are too high (53%), though 41% said that higher mortgage costs were preventing them from buying and a third cited deposit as a barrier”. Read more: http://spr.ly/6044jySZ6
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Got $4,332 a month? That's the estimated house payment for a buyer who acquired the median-price California home in June at prevailing interest rates. A record high, no less. But how can prices be rising when so few are buying? Who can afford to buy with mortgage rates and prices so high? Such conflicts are why California homes were bought at only a 277,490 annual pace in June – the 20th slowest month since 1990.
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Got $4,332 a month? That's the estimated house payment for a buyer who acquired the median-price California home in June at prevailing interest rates. A record high, no less. But how can prices be rising when so few are buying? Who can afford to buy with mortgage rates and prices so high? Such conflicts are why California homes were bought at only a 277,490 annual pace in June – the 20th slowest month since 1990.
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Got $4,332 a month? That's the estimated house payment for a buyer who acquired the median-price California home in June at prevailing interest rates. A record high, no less. But how can prices be rising when so few are buying? Who can afford to buy with mortgage rates and prices so high? Such conflicts are why California homes were bought at only a 277,490 annual pace in June – the 20th slowest month since 1990.
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Mortgage Advisor with one of nation’s leading independent mortgage banks - NMLS 241833
Great to see a pick-up in home-buying activity! January brought a 3.1% rise when compared to December. NAR’s Chief Economist, Lawrence Yun, noted that "listings were modestly higher, and home buyers are taking advantage of lower mortgage rates compared to late last year." Meanwhile... last week 422 homes sold in Los Angeles County, for a total of $547,330,305. 62% of the homes were financed with a conventional loan. #homesales #realestate #mortgagemarketnews
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Got $4,332 a month? That's the estimated house payment for a buyer who acquired the median-price California home in June at prevailing interest rates. A record high, no less. But how can prices be rising when so few are buying? Who can afford to buy with mortgage rates and prices so high? Such conflicts are why California homes were bought at only a 277,490 annual pace in June – the 20th slowest month since 1990.
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Why Your Asking Price Matters Even More Right Now If you’re thinking about selling your house, here’s something you really need to know. Even though it’s still a seller’s market today, you can’t pick just any price for your listing. While home prices are still appreciating in most areas, they’re climbing at a slower pace because higher mortgage rates are putting a squeeze on buyer demand. At the same time, the supply of homes for sale is growing. That means buyers have more options and your house may not stand out as much, if it’s not priced right. Those two factors combined are why the asking... #sellyourhouse #moveuphome https://lnkd.in/g2TrTcz3
Why Your Asking Price Matters Even More Right Now
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Why Your Asking Price Matters Even More Right Now If you’re thinking about selling your house, here’s something you really need to know. Even though it’s still a seller’s market today, you can’t pick just any price for your listing. While home prices are still appreciating in most areas, they’re climbing at a slower pace because higher mortgage rates are putting a squeeze on buyer demand. At the same time, the supply of homes for sale is growing. That means buyers have more options and your house may not stand out as much, if it’s not priced right. Those two factors combined are why the asking... #sellyourhouse #moveuphome https://lnkd.in/gcJkWtmq
Why Your Asking Price Matters Even More Right Now
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Since 2003 I have originated home loans. I've seen the good, the bad, and the ugly. I have EXPERIENCE you can count on!
https://lnkd.in/gkGMkXfm While existing home sales are still much lower than a few years ago, January brought a 3.1% rise when compared to December. NAR’s Chief Economist, Lawrence Yun, noted that "listings were modestly higher, and home buyers are taking advantage of lower mortgage rates compared to late last year." #homesellers #homesales #realestate #mbshighway #mbssocialshare #mortgagemarketnews #mortgageintheknow
Existing Home Sales (January 2024)
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