Blowout Jobs Report has Mortgage Rates Surging Again
Employers added 353,000 workers to their payrolls in January, a "head scratching" blowout jobs report that kills prospects for a March rate cut "stone dead."
Source: inman.com
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Fannie Mae economists offer housing market outlook, potential timeline for interest rate cuts
Doug Duncan, Mark Palim speak about big-picture issues for the mortgage and real estate sectors
Source: housingwire.com
Valley luxury homes saw biggest price increases
The average square-foot price of single-family homes in the Valley rose the most over the last two years in cities with the most luxury homes, according to a leading analyst
Source: eastvalleytribune.com
CCAR reports 14% drop in sales for 2023, optimism for 2024
"The Champaign County area housing market was impacted by inflation and higher mortgage rates throughout 2023 while reduced inventory levels and strong buyer demand pushed median and average home sales
Source: news-gazette.com
Champaign County homes sales down in 2023
CHAMPAIGN COUNTY, Ill. (WCIA) — New data from a Champaign County real estate group is showing a slight increase in the number of homes bought in December, but an overall decrease for sales throughout 2023. The Champaign County Association of Realtors reported that 180 homes were sold in Champaign County during the month of December, […]
Source: yahoo.com