Buying a Home? Here’s How Rising Supply and Falling Prices Are Giving You Leverage This Week
The U.S. housing market is experiencing a notable shift as rising inventory and flattening asking prices collide with steady mortgage rates, according to the latest weekly data from Realtor.com®. The Freddie Mac 30-year fixed-rate mortgage ticked up slightly by 2 basis points, landing at 6.53%. Whil
L.A.’s Plan To Build Half a Million New Homes Is Drawing Major Developer Interest
Los Angeles' plan to build 500,000 new homes is speeding up the pace of new development, Mayor Karen Bass says. About 28,500 new homes are now under development in the city, and 40% of them will be income-restricted affordable housing. She touted the progress Thursday, one year after the city signed
Lower Asking Prices Are the Silver Lining for Buyers in an Otherwise Cloudy Market
Asking prices continued to fall nationally this week, providing good news to homebuyers in a market that is otherwise clouded by rising mortgage rates and economic uncertainty. The national median asking price for active listings was down 2.4% for the week ending May 23, compared to a year earlier,
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