“A lot of that information on what the Fed is going to do in September is already priced in” to current mortgage rates, said Zillow economist Kara Ng.
Evergrande spent lavishly on a soccer team, EV company, and theme parks.
New data underscores the “resilience” of first-time homebuyers.
Home sales climbed by 2% in July, according to the National Association of Realtors, but prices remain high.
Higher mortgage rates have prevented many first-time homebuyers from purchasing a home.
Mortgage rates have ticked down, but not enough.
Builders are mostly working on apartments and condos, and are still waiting to commit to more residential construction.
Here’s how the FARE Act, New York City’s new broker fee law, is working out so far.
According to the Mortgage Bankers Association, the number of ARM applications jumped 25% last week, to their highest level in three years.
Cross-laminated timber, or CLT, is composed of layers of wood glued together at 90º angles and is more fire-resistant than traditional timber.