NEWSNATIONNOW (Andrew Dorn) - New homes used to cost more than existing ones but that's changed
New homes sold for a median of $205 per square foot in July, compared to $212 for existing homes, according to Zillow.
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New homes sold for a median of $205 per square foot in July, compared to $212 for existing homes, according to Zillow.
Mortgage rates spiked to their highest level in nearly three years, continuing their climb above the 7% threshold. Why it matters: Housing sales were already slow due to a lack of inventory and elevated rates, creating a risk that the market could further its freeze. Zoom in: The weekly average 30-year fixed mortgage rate was 7.28% as of Thursday, Freddie Mac reported . - That's up 0.94 points from a year ago, and up 0.25 points from last week. - Mortgage rates closely track 10-year Treasury yields, which have risen by over 1.25 percentage points since the start of the Iran war in February. The impact: Mortgage applications are plunging. - The Mortgage Bankers Association reported Wednesday that applications during the week ended…
The average 30-year, fixed-rate home loan rose to 7.28 percent, up from 6.34 percent a year ago. More buyers are now turning to adjustable-rate mortgages.
Lamacchia Realty CEO Anthony Lamacchia explains why autumn is the ideal season to buy a home. He points to rising housing inventory and less buyer competition compared to the spring season. #anthonylamacchia #lamacchiarealty #realestate #housingmarket #homebuying #homebuyers #buyingahome #fallhomebuying #fallhousingmarket #housinginventory #risinginventory #buyercompetition #homebuyingtips #realestatemarket #realestateadvice #househunting #homesforsale #housingsupply #homebuyertips #fallrealestate #autumnrealestate #housingcompetition #homepurchase #propertymarket #shorts
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Despite the increased supply, home prices continued to rise. The median price of a home sold in August was $429,100, up 1.6% from August 2025.
Owen Shroyer discusses the possible long-term collapse of the US housing market with guest Eric Spracklen.
Prices are still nowhere near pre-Covid levels
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ChatGPT By Thom Nickels The days of the “good guy” developer with promises to build a shiny housing project that will enhance the neighborhood are over because hidden in the slick sales pitch, they’ve baked in an “affordable housing” caveat.