Aug. New-Home Sales Down 8.7% as Interest Rates Rise
Rising interest rates not only make homes more expensive for buyers, they raise the cost of building materials.
FHFA: Home Prices Keep Going Up, 4.6% in July
The index that tracks Fannie Mae/Freddie Mac sales found a 0.8% month-to-month increase in July as housing prices continue to rise despite higher mortgage rates.
NAR Pushing for Flood Insurance Extension
Barring a change, national flood insurance expires midnight Sat. along with other federal functions. NAR posted a Q&A on what that means for transactions.
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