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What’s Keeping Homeowners from Moving?

What’s Keeping Homeowners from Moving?

According to a recent report by Zillow, if American homeowners moved at the same rate they did in 1990, there would have been about 2.8 million more homes sold in 2016. This would solve the ongoing inventory problem, but the fact is Americans just aren’t moving, for a...

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NAR: Existing home sales will see best year since 2006

NAR: Existing home sales will see best year since 2006

Sales to increase 3.5% this year Single-family existing home sales are set to see their best year since 2006, driven by robust job gains and improving household confidence, according to the forecast from the National Association of Realtors. While existing home sales...

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The U.S. Economy Is Back on Track

The U.S. Economy Is Back on Track

Figures support idea that recent slowdown was transitory Michigan consumer-sentiment gauge ticks up to four-month high The U.S. economy is back on track for steady growth, though not much more. Data released Friday showed consumer retail purchases rose last month,...

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CBO: Here’s when Fed will stop raising interest rates

CBO: Here’s when Fed will stop raising interest rates

Fed Funds Rate to level out at 3% The Congressional Budget Office, which provides nonpartisan analysis for the U.S. Congress, released its 2017 Budget and Economic Outlook, which showed a forecasted nine federal funds rate hikes by the year 2020. Wednesday, the...

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Mortgage rates are little changed this week

Mortgage rates are little changed this week

Mortgage rates held steady this week as mixed economic news kept them in check. News of a strengthening labor market was offset by disappointing first-quarter growth in gross domestic product. According to the latest data, released Thursday by Freddie Mac, the 30-year...

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