U.S. home prices are projected to flatten in the third quarter and decline 1% year over year by the fourth quarter of 2025, according to a new report from Redfin. The company also expects mortgage rates to remain elevated near 7% through the end of the year. This marks a sharp reversal from more than […]
Home prices expected to dip as supply and demand collide Read More »
The MLS industry’s trade group, the Council of Multiple Listing Services (CMLS) is looking for a new CEO. On Thursday, the trade group announced that longtime CEO Denee Evans is stepping down at the end of this year. Evans is staying in her role through December 2025 “to ensure a seamless and collaborative transition,” according
Denee Evans will step down as CMLS CEO Read More »
Mortgage rates hit their highest level in just over 3 months yesterday with financial markets generally protesting the absence of more serious spending cuts in the spending bill. Rates care about fiscal spending because higher spending requires higher Treasury issuance which, in turn, pushes rates higher, all else equal. Although the House passed the bill
Mortgage Rates Edge Down From Recent Highs, But Remain Over 7% Read More »