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The inventory squeeze has left home buyers with fewer options on the market than they've seen in decades. While that's bad news for them, the continuously high demand means it's one of the best times to be a seller—ever. "I've been selling real estate for 25 years,...

Down from 47 days this time last year Forty-eight percent of homes sold in March were on the market for less than a month, according to housing data from the National Association of REALTORS®. The average for all sold properties, though, was a little higher, at 34...

Home sales are predicted to decline from record highs in 2016, according to Freddie Mac. Prospective homebuyers should expect to shell out more as home prices are going beyond the boundaries of income and as interest rates are increasing. "Tight housing inventory has...

Mortgage rates continued their month-long swoon, sinking to their lowest levels in five months. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average tumbled to 3.97 percent with an average 0.5 point. (Points are fees paid to a...

Purchase market heats up The average closing time on a loan in 2016 fluctuated around the high 40s, but this is no longer the case, according to the latest Origination Insight Report from Ellie Mae. The survey found that the average time now sits at the lowest level...

They’re either a valuable financial tool for homeowners or a harbinger of trouble on the horizon: Cash-out refinancings, which were wildly popular during the housing boom years and contributed to the severity of the crash, are on the rise again. National mortgage...

As mortgage applications increase, mortgage rates have begun to drop, according to data from the Mortgage Bankers Association (MBA) and Freddie Mac. The MBA’s Market Composite Index, a measure of mortgage loan application volume, rose 1.5 percent from a week earlier,...

Median sale price increases 7.5% in the fastest market on record Redfin reports that U.S. home prices rose 7.5% to a median sale price of $273,000 in March as home sales made a strong showing, gaining 8.9% over last year. However, the number of homes for sale declined...

Rates dip to new 2017 lows Mortgage rates continued to steadily decline, maintaining a recent downward trend in rates, according to Freddie Mac’s latest Primary Mortgage Market Survey. In fact, Sean Becketti, chief economist with Freddie Mac, said, “Not only did the...