New home sales continue upward course in June New home sales increased in June, continuing the upward trend which began in May. Home prices finally decreased during June as total housing supply and the month’s supply at the current sales rate both decreased.
Realtor.com adds Danielle Hale as new chief economist Realtor.com has been without a chief economist since Jonathan Smoke left the company in April to become the chief economist for Cox Automotive, an auto industry powerhouse that includes the brands, Autotrader, Dealer.com, Dealertrack, Kelley Blue Book, and others. But now, the real estate site has... Read More
Arch MI: Housing affordability is about to get a lot worse The Federal Reserve raised interest rates twice this year, and the Fed is estimated to increase rates once more this year, and several more times over the next couple of years. However, if the 30-year mortgage rate increases to 5%, or even 6%, affordability could drop dramatically.