News & Events

US home prices hit record level (again)

Phoenix, San Diego and Seattle again showed the highest price growth July marked the fourth consecutive month in which the growth rate of home prices set a record, according to the latest S&P CoreLogic Case-Shiller National Home Price Index Report released on Tuesday. The index showed a 19.7...

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Mortgage rates finally eclipse the 3% mark

Last time rates were above 3% was June The average 30-year-fixed mortgage rate rose 13 basis points to 3.01% for the week ending Sept. 30, according to Freddie Mac’s latest PMMS survey. Mortgage rates had been roughly flat for seven weeks, and this is the first time it rose above 3% since June...

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Affordable housing vacancy drops, and rents are climbing

Rent prices on track for a 2.2% increase by the end of 2021 The vacancy rate for low-income tax credit-supported affordable housing dropped to 2.5% nationwide in the second quarter of 2021, a decrease of .01% from the first quarter, according to Moody’s Analytics REIS, New York. Since Moody’s ...

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