New Home Sales Slide to Multi-Year Lows
New home sales weakened further in May, extending the pullback seen over the past several months as elevated mortgage rates and affordability pressures continued to weigh on buyer demand. According to the latest Census Bureau and HUD data, sales of new single-family homes fell to a seasonally adjust
Mortgage Applications Edge Higher Despite Elevated Rates
Mortgage applications posted a modest increase last week, though overall activity remained subdued by historical standards as borrowing costs held relatively steady. The Mortgage Bankers Association (MBA) reported a 1.0% increase in total application volume on a seasonally adjusted basis for the wee
Florida homebuyers sue Compass over $475 transaction fee
Homebuyers in Florida have filed a lawsuit against Compass challenging a transaction fee the brokerage charged them upon the close of their August 2024 home purchase. Filed on Tuesday in Palm Beach County, Florida circuit court by plaintiffs Jeff and Melissa Efron, the suit accused Compass of “unfa
Recent Posts
