National Real Estate News

• Instant Reaction: Mortgage Rates, June 30, 2022
  
  The 30-year fixed mortgage rate dropped to 5.7% from 5.81% the previous week. Although rates are significantly higher than last year, they are still historically low, remaining below 6%.
• Pending Home Sales Edge Higher 0.7% in May
  

  Pending home sales crept higher in May, ending a six-month streak of declines. However, year-over-year contract activity slid in all four regions of the U.S.

• Instant Reaction: Mortgage Rates, June 23, 2022
  
  Mortgage rates showed little movement this week, remaining below 6%. However, since the beginning of the year, home buying has cost about $800 more every month.
• March 2022 NAR Real Estate Forecast Summit: Commercial Update
  
  On March 30, 2022, from 2:00–3:00 p.m. Eastern, NAR held its virtual Real Estate Forecast Summit: Commercial Update event, which provided an outlook on the changing commercial real estate market.
• Hot or Not? Unpacking Today’s Housing Market
  
  Check out the latest trends and original data on the current state of the housing market provided by Dr. Jessica Lautz, NAR's vice president of demographics and behavioral insights.
• Aging Population to Boost Smart-Home Technologies
  
  Research has shown that smart-home technologies and related services can help older adults make their daily tasks easier and improve their overall quality of life.
• May 2022 Foot Traffic
  
  Nationally, Sentrilock home showings in May 2022 were down 24% year-over-year. Showings declined in every region: Northeast (-55%), Midwest (-29%) West (-27%) and South (-14).
• Existing-Home Sales Fell 3.4% in May; Median Sales Price Surpasses $400,000 for the First Time
  

  May 2022’s median existing-home sales price of $407,600 represents a 14.8% increase from one year ago. Month-over-month sales fell in three of the four regions of the U.S., and year-over-year sales were down in all four regions.

• Instant Reaction: Mortgage Rates, June 16, 2022
  
  Mortgage rates surged to their highest level since 2008, with the 30-year fixed mortgage rate rose to 5.78% from 5.23% the previous week.
• Instant Reaction: Interest Rates, June 15, 2022
  
  The short-term fed funds rate that the Fed directly controls has risen by 175 basis points, and the 30-year fixed rate mortgage has risen by nearly 300 basis points.

Mobile Search?