Justin Sullivan / Getty Images The average U.S. 30-year fixed mortgage rate fell to 2.81% from 2.87%, the lowest in Freddie M data data nearly 50 years back. This year’s reading also lowers the 10th record, reflecting borrowing costs that have boosted the housing market. The epidemic has boosted sales …
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Associated Press The Census Bureau noted Thursday that the new U.S. Home sales grew 8.8% in August, to ten million units annually. That rate was the highest since 2006 and sales have increased for four consecutive months. The agency’s estimate of new homes for sale fell to 282,000, reflecting a …
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Editor’s Note: Let yourself be caught in minutes with our quick roundup of today’s must-read news and expert insights that moved precious metals and financial markets. Sign up here! (Kitco News) The price of gold maintained its daily gains after new home sales in the United States exceeded expectations in …
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The counts: Previously owned home sales increased 20.7% in June when states reopened their economies following coronavirus-related blockades. Existing home sales occurred at a seasonally adjusted annual rate of 4.72 million, the National Association of Real Estate Agents reported Wednesday. It was a big rebound from May, when sales fell …
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Housing prices in major cities across the country could fall as a result of the pandemic. Drew Angerer / Getty Images The coronavirus pandemic has many Americans heading to the hills, or the suburbs, so to speak. And city home prices could decline as a result, says Nobel Prize-winning economist …
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