Pending Home Sales Plunge In June As Demand Is Weighed Down By Surging Mortgage Rates

Topline Pending home sales—a leading indicator for housing market activity—plunged by a more than expected 20% in June compared to a year ago, according to new data from the National Association of Realtors on Wednesday, with experts warning that higher mortgage rates will continue to negatively impact demand. A surge in borrowing costs has continued … Read more

Home Prices Finally Cooling Off? Market Slows In April, But Demand Remains High Despite Rising Mortgage Rates

Topline Home prices, which have been shooting up since last year, grew at a slower pace in April, showing signs of a potential cool down in the red-hot housing market, according to new data from S&P Case-Shiller on Tuesday. Home prices are up significantly from last year, but could cool by later in 2022 thanks … Read more