Mortgage Applications Drop
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Recent Decline in Mortgage Applications In a recent report, U.S. mortgage applications took a sharp nosedive as mortgage rates soared over 7%….
US Homebuilders Experience Stock Decline
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Shares of U.S. homebuilders have recently taken a hit following a warning from D.R. Horton about the impact of volatile mortgage rates…
Consumer Confidence Soars as Economy Grows
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Consumer companies have seen a surge in their stocks as traders are becoming more optimistic about consumer spending and home sales rebounding…
Mortgage Rates Increase, But Home Buyers Stay Resilient
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The latest data released by Freddie Mac shows a modest increase in mortgage rates, but this hasn’t deterred home buyers. As of…
Toll Brothers Reports Quarterly Profit and Revenue Decline
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Toll Brothers Inc. announced on Tuesday a decrease in quarterly profit and revenue. However, the builder remains positive about the future, citing…
The Increasing Difficulty of Homeownership
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According to Tom Barkin, president of the Federal Reserve Bank of Richmond, the U.S. housing market is posing a significant challenge for…
The Resilient U.S. Economy in the Face of Rising Mortgage Rates
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The U.S. economy has shown incredible resilience this year, despite the rapid increase in mortgage rates that has brought the housing sector…
Home Prices Expected to Continue Rising in August
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Economists predict that home prices will once again see gains in the month of August. However, these increases could potentially be tempered…
Housing Market Slows in June as Buyers Face Challenges
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Sales of previously owned homes declined in June due to higher mortgage rates and a limited selection of available properties. The housing…