The New York City luxury market remains robust as 2025 is drawing to a close. Last week, 29 contracts at $4 million and above were signed in Manhattan, four more than the previous week and only three short of this time last year. While luxury sales hit a high in 2021 with 164 signings with … Read more
Mortgage rates increased Thursday as markets awaited the release of the long-delayed employment report for September and continued to assess the latest inflation data in the wake of the government shutdown. The average rate on 30-year fixed home loans edged up to 6.26% for the week ending Nov. 20, up from 6.24% the week before, … Read more
Foreclosures across the U.S. continue to rise—and the increases are in the double digits. “Foreclosure activity continued its steady upward trend in October, the eighth straight month of year-over-year increases. Starts rose nearly 20%, while completed foreclosures were up 32% from last year,” says Rob Barber, CEO at ATTOM, a real estate analytics firm. But … Read more
It started as a pandemic-era trend, but it’s showing no signs of slowing down: American heartland cities are drawing young professionals and families seeking a mix of relative affordability and ample job opportunities. Realtor.com® researchers looked at cross-market housing data for the third quarter of 2025 to identify heartland markets that attracted the most interest … Read more
Mortgage rates climbed on Thursday after four straight weeks of declines as markets adjusted their expectations following Federal Reserve Chair Jerome Powell‘s remarks on the likelihood of future rate cuts. The average rate on 30-year fixed home loans increased to 6.22% for the week ending Nov. 6, up from 6.17% the week before, according to … Read more
The Federal Reserve’s interest rate cut this week was widely expected, but Fed Chair Jerome Powell’s comments afterward included surprises that are poised to send mortgage rates higher. After Fed policymakers voted to cut the benchmark rate by a quarter point, Powell told reporters that another rate cut in December is “far from” certain, acknowledging … Read more