purchases

Mortgage Market: Rates Continue to Rise, Pressuring Home Buyers

9 days ago

According to the latest data released on November 21, 2024, mortgage rates in the United States have continued to rise, putting additional pressure on home buyers. The average interest rate for a 30-year fixed mortgage has now reached 8.1%, marking an increase compared to previous weeks. This rise in rates comes amid strengthening economic conditions, inflation growth, and the Federal Reserve's decision to maintain its aggressive policy of raising interest rates.

Toronto Home Sales Rise Amid Declining Borrowing Costs

3 months ago

Toronto is experiencing a positive trend in the real estate market, with home sales increasing by 5% in August compared to the previous month. According to the Toronto Regional Real Estate Board (TRREB), this marks the first rise in sales in recent months, which may signal a revival of interest in housing among buyers.

London house prices post first annual rise in more than a year

3 months ago

House prices in London have recorded their first annual increase in more than a year, according to the latest data. This positive change has emerged amid easing inflationary pressures and declining mortgage rates, which have fueled a resurgence in housing demand. Analysts note that the improvement in the real estate market could be linked to growing buyer confidence, as potential homeowners have become more active in investing in properties despite ongoing economic uncertainties.