Charlotte, NC

Tampa, FL

Fox Business

A new report published by Realtor.com found that the share of available home listings that saw a price cut in July rose to the highest level in two years.

Home prices are finally starting to fall – and they dropped the most in these 3 cities

Markets Insider

The combination of high prices and still-elevated mortgage rates has potential buyers uneasy. Builders are responding by slowing down.

New-home construction hits a COVID-era low as high prices scare away buyers

Business Insider

These are today's mortgage and refinance rates. Mortgage rates are down as the Fed gears up to start lowering its benchmark rate in September.

Mortgage Interest Rates Today, August 27, 2024 | Rates Drop Below 6% as Powell Signals September Cut

Forbes shares housing market predictions. According to Forbes, experts say the housing market will only see renewed momentum once mortgage rates drop enough to ease affordability challenges and incentivize homeowners locked in at low rates to move so inventory grows substantially to meet demand. Housing Market Forecast for 2024. U.S....

Housing Market Predictions for 2024: When Will Home Prices Be Affordable Again?

Corcoran explains why homebuyers who wait for lower mortgages will end up paying more in the end.

Beware lower mortgage rates that could unleash a buying spree and push home prices higher, 'Shark Tank' investor Barbara Corcoran says

The Independent

UK inflation rose to 2.2 per cent in July, marking the first increase this year and increasing the chances the Bank of England keep interest rates at the same level when they meet next month.The Consumer Prices Index (CPI) inflation rose from 2 per cent in June, but undershot economists’ expectations who had forecast it rising to 2.3 per cent.However, despite the smaller than anticipated inflation increase, it is still above the Bank’s target of 2 per cent and casts doubt on back-to-back interest rate cuts at September’s meeting.CPI services price inflation, which is closely monitored by the Bank, fell...

Inflation rises to 2.2% for first time this year in blow to interest rate cut next month

Reuters

WASHINGTON (Reuters) - U.S. single-family home prices fell in June, leading to the smallest annual increase in nearly a year, as higher mortgage rates pushed buyers to the sidelines and boosted housing supply.

US house prices fall on monthly basis in June

There is a significant gap between homebuyers’ expectations and current home prices. While 38% of buyers hope to spend less than $250,000, only 5% of new homes started in 2023 fall within that range. Contributing factors include high construction costs, rising wages, and substantial regulatory expenses, which add nearly $94,000 to the price of a new home. Additionally, the “lock-in effect” has reduced the supply of existing homes, driving prices even higher.

What Buyers Expect to Pay vs. Actual Home Prices

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Trailer Empire

The bond market has been buoyed by the Federal Reserve's recent hints that a rate cut may be on the horizon this September, leading to a noticeable drop in mortgage rates. Investors are reacting to the Fed's subtle language changes, anticipating a potential shift in monetary policy.

Mortgage Rates Plunge as Fed Signals Potential September Rate Cut

For a 30-year fixed-rate mortgage, the average rate you’ll pay is 6.57% today, up 0.02% over the last week. The average rate for a 15-year fixed mortgage is 5.99%, which is a decrease of -0.01% from the same time last week. For a look at mortgage rate movement, see the chart below.

Good News for Mortgage Rates as Inflation Falls Below 3%. Today’s Mortgage Rates, Aug. 14, 2024

NewsNation

The average contract rate on a 30-year fixed-rate mortgage dropped 27 basis points in the week of Aug. 2, to 6.55%.

U.S. mortgage rates see biggest drop in two years

Fort Myers, FL

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Akeena

In the ever-evolving landscape of Florida’s retail scene, Publix is updating its footprint once again. The long-standing Publix at 6900 Daniels Parkway, located in the Daniels Crossing shopping plaza in Fort Myers, has recently begun its transition from an old favorite to a new, modern format.

A Publix That’s Been Around for 3 Decades Is Getting Torn Down for a New-Format Store in Florida

New data published by the S&P CoreLogic Case-Shiller index shows that home prices climbed to a new record high in June as the affordability crisis worsens.

Home prices just smashed another record high in June

(Reuters) -Sales of new U.S. single-family homes rose to their highest level in more than a year in July as a drop in mortgage rates boosted demand, offering more evidence that the housing market is recovering.

US new home sales rise to highest level in more than a year

GOBankingRates

Sun-kissed days. Tax friendliness. Access to quality health care. A sense of community. These factors may be top-of-mind when you're hunting for your dream retirement spot. If you're looking to buy a...

20 Retirement Towns Where Home Prices Are Falling (and Rising) the Most

PALERMO, Italy (Reuters) - The captain of the luxury yacht owned by the family of British tech magnate Mike Lynch that sank off Sicily last week declined to respond to prosecutors during questioning on Tuesday, one of his lawyers said. James Cutfield, a 51-year old New Zealand national, was put...

Captain of Sunken Lynch Family Yacht Declines to Answer Investigators' Questions

U.S. home prices continued their upward march in June, rising 0.2% on an adjusted basis compared with July, however the rate of appreciation is clearly slowing, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index. The index’s 20-city and 10-city composites reported monthly increases of 0.4% and...

Case-Shiller: Home Prices Eked Out a 0.2 Percent Increase in June

The 30-year mortgage rate average dipped 7 basis points Wednesday, pushing the average down to 6.32%. That's the third day of declines, and it returns the flagship average to within a few basis points of the almost 17-month low registered two weeks ago. Most other new purchase mortgage rates also moved lower on Wednesday.

Mortgage Rates Drop for Third Day, to Lowest Level in More Than Two Weeks

Real-Estate Shake-Up: How New Commission Rules Could Affect Home Prices. As of August 17, a seismic shift has occurred in the real estate industry, fundamentally altering how agents are compensated for their role in buying and selling homes. This transformation, aimed at increasing transparency, may have unexpected consequences on home prices, according to recent research from esteemed institutions including Columbia, Northwestern, and Stanford universities.

Will Lower Real-Estate Commissions Push Home Prices Higher? Economists Clash on the Impact

The Motley Fool

Mortgage rates are likely to come down before the end of the year -- but that drop may be minor. Here's how to snag the best rate either way.

Prediction: Mortgage Rates Will Drop Before 2025

NewsBreak

Rebound in German Home Prices Around the Corner, Analysts Say: Reuters Poll

BENGALURU (Reuters) - German home prices will stabilise in the coming months and rise 2% in 2025, supported by interest rate cuts, while rents are expected...

Rebound in German Home Prices Around the Corner, Analysts Say: Reuters Poll

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