Is rate surge a threat to housing rebound?
WASHINGTON — The era of record-low mortgage rates is over. The average rate on a 30-year loan has jumped from about 5 percent to more than 5.3 percent in just the past week. As mortgages get more expensive, more would-be homeowners are priced out of the housing market, a threat to its fragile recovery.
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Real estate agents see signs of local housing rebound in Memphis market
Mar. 30–The chief economist for the National Association of Realtors believes a coming surge in home sales could produce sustained gains for the Memphis market.
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Dallas-Fort Worth commercial property sales start to rebound
STEVE BROWN/DMN The recent sale of the 3636 McKinney building in the West Village and two other luxury apartments is likely to be the start in a series of similar transactions, brokers say.The last few weeks, the trickle of completed buys in North Texas has started to pick up. And real estate brokers and buyers expect the flow of investment deals to grow stronger in the months ahead.
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California housing market on rebound, data show
Home prices rose 10% in February compared with the same period last year as fewer foreclosures came to market, new figures show. It was the third straight month of improved median sales prices. Southern California’s housing market gained ground in February with fewer foreclosures hitting the market and prices rising 10% from the same month one year ago, according to data released Tuesday.
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