Mike Imgarten witnessed a frenzy of demand and a dearth of inventory during a two-month house hunt in Sacramento, California. Fearing he would pay too much after a surge in prices, he said he took a break from searching in June.
U.S. house prices rose 0.3 percent in August from July, the smallest gain in 11 months, as more homeowners listed their properties, according to the Federal Housing Finance Agency.
U.S. mortgage rates climbed for a second week, increasing borrowing costs as Congress voted to end the government shutdown.
U.S. mortgage rates rose for the first time in five weeks as a partial government shutdown delayed some borrowers from getting a loan.
U.S. house prices rose 7.7 percent in the year through June, extending a recovery that’s spurring more homeowners to list their properties for sale.
Mortgage rates in the U.S. were little changed as homebuyers began adjusting to borrowing costs that have increased from near-record lows.
Rates for 30-year U.S. mortgages held at the lowest level on record as fewer Americans sought loans for home purchases.
David and Michelle Haisley from Fort Wayne, Indiana, weren’t happy with the performance of their retirement funds, so they made another investment -- a foreclosed home for $27,000.
U.S. 30-year mortgage rates fell to the lowest in three weeks, reducing borrowing costs for homebuyers as the residential-property market strengthens.
Guy Asaro, president of McMillin Homes LLC, bought three land parcels in Texas this year while coming up empty in the San Diego area, where the closely held builder is based.
"The sharp drop in pending home sales last month suggests that the steady rise in mortgage interest rates has hit sales activity harder than we had thought."
- Paul Diggle on Nov 13, 2013