Economist: Mortgage Rates Hurt Buyers More Than Home Prices

As the average for a 30-year loan rises again, an NAR researcher says higher borrowing costs have triple the impact on monthly mortgage payments.

 

Survey: 94% of Sellers Don’t Disclose Property Defects

They admit hiding a known issue with the home, which is against the law in most states. These are the 13 most common problems buyers find after closing a transaction.

 

Bargaining Power Is Back: 92% Of Recent Sellers Accepted Buyer-Friendly Terms

Realtor.com survey suggests negotiation is back on the table for housing prices and contract terms.

 

How Homeownership Has Changed Since The Great Housing Bubble And Crash

Find out how much homeownership has changed since the housing crash and Great Recession.

 

Few Move-Up Home Buyers With Higher Mortgage Rates

Home sales are falling, down 20% in the last year. Big declines occurred among people thinking about moving up to a larger, nicer or newer house.

 

More Sellers Retreat Amid Falling Prices, Volatile Mortgage Rates

Would-be sellers are reluctant to list their homes as they have begun to see prices come down.

 

Half of Seattle homes failed to sell for initial asking price in July

Nearly 50% of houses in Seattle were sold below their initial asking price, nearly double the amount from July 2021.

 

‘Prices Are Clearly Increasing at a Slower Rate’: Housing Market Cools From April’s Peak, Led by Seattle, San Francisco and San Diego

The S&P CoreLogic Case-Shiller 20-city house price index rise slowed to 18.6% year-over-year in June down from 20.5% in the previous month.

 

Rip-Off Alert! 5 Signs a Home You Hope To Buy Is Overpriced

Here’s a not-so-fun fact for homebuyers: Real estate prices have been rising by double-digit percentages for 36 straight weeks, currently clocking in at a national median of $449,000.

 

Seattle-area home prices log first monthly decline since 2019

The housing market has quickly slowed from its pandemic-era frenzy, with the Case-Shiller figures reflecting the start of a pullback.

 

Despite a Contraction in Sales Activity, the Homebuying Market Remains Competitive

Inventory remains in tight supply, which means homes are still moving at a fast pace despite the recent rise in rates and home prices; the median days on the market is just 14 days.

 

Instant Reaction: Mortgage Rates, August 25, 2022

Mortgage rates climbed back above 5.5% this week, following the trend of the 10-year Treasury yield.

 

S&P/Case-Shiller OR-Portland Home Price Index

 

S&P/Case-Shiller WA-Seattle Home Price Index