Category: US housing

Affordability Is ‘Greatest Challenge’ in US Housing Market, Experts Tell Senate Committee

February 12, 2023
Business & MarketscongresseconomyPoliticsTim ScottUSUS housingUS News
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Despite rising interest rates and moderating sales activity, the median sales price of homes sold in the United States in the fourth quarter was $467,700, up 10.4 percent year-over-year, according to recent figures from the Department of Housing and Urban Development (HUD). The problem facing the national real estate market is shrinking inventory levels, industry…

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US Mortgage Interest Rates Climb for Fourth Straight Week as Fed Considers Rate Hikes

January 19, 2022
Business & EconomyeconomyinflationMarketsmortgage ratesUSUS housing
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U.S. interest rates for home loans rose for a fourth straight week by Jan. 14, as mortgage applications increased 2.3 percent from a week earlier, according to the Market Composite Index (MCI), a measure of mortgage loan application volume. On an unadjusted basis, the MCI increased 3 percent compared with the previous week. Residential real…

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