Mortgage Rates Finally Drop—but Is It Enough To Revive the Fall Housing Market?
Getty ImagesAfter rising for an alarming five weeks straight, mortgage rates have at long last cooled a bit.For the week ending Aug. 31, rates for 30-year fixed-rate loans averaged 7.18%, according to Freddie Mac. That’s a welcome drop from last week’s 22-year high of 7.23%, but rates are still form
Housing Affordability Is Now at Its Worst Level Since 1984, Black Knight Says
Anne Cusack/Los Angeles Times via Getty ImagesThe housing market has no mercy for the typical home buyer.With home prices at a record high and mortgage rates over 7%, housing affordability has fallen sharply to the lowest level since 1984, mortgage-data company Black Knight said Thursday. But a lack
Hard to Be a Market Expert Without Constant Training
Agents offer buyers and sellers their market expertise, but that expertise can quickly become stale in a fast-changing RE market without regular educational updates.
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