Mortgage Rates Just Dropped Below 5%. What's Going On?

The biggest story of 2022's housing market has been rapidly rising mortgage rates. After all, mortgage rates haven't risen so fast in 40 years. The average rate on 30-year fixed rate mortgages was 2.7% last August, and reached 5.7% in June 2022. Higher rates affect the entire housing market, as higher monthly payments mean depressed buyer demand and...

In this episode of It's Closing Time, RentSpree CEO Michael Lucarelli sits down with Ed Carey, Founder and CEO of Audience Town, a digital advertising platform designed for real estate. In addition to talking about Audience Town's advertising products, they also dive into how lead-gen technology shifted during the pandemic and how real estate...

Keller Williams announced three business communities -- KW Wealth, KW Relocation, and KW Style to Design -- in support of recognized and emerging real estate market segments. "We've added three more business communities to enable our real estate entrepreneurs to continue to thrive in today's dynamically shifting housing market," said Sajag Patel,...

Thursday, August 18, 2022 at 11:00 AM PDT Everywhere you look, you'll see experts describing the real market as "cooling off, normalizing, shifting, dropping, balancing, slowing down" and so on. However you perceive the current market, we know the market is changing and with change, comes new challenges! In this month's session of the popular "Getting...

Eighty percent of metro markets, 148 of 185, saw double-digit annual price appreciation in median single-family existing-home sales prices (70% in the previous quarter). WASHINGTON (August 11, 2022) -- Despite escalating mortgage rates and slumping home sales in the second quarter of 2022, a greater number of markets experienced double-digit annual...