As interest rates decline, loan activity begins to bounce back
The 30-year fixed-rate mortgage averaged 6.15% this week, the lowest rate since September.
January 19, 2023
Dave Gallagher
Director, News Reporting
Dave's journalism career spans 24 years covering business, the economy and real estate in Northwest Washington. He's also a numbers nerd, examining data to spot emerging trends in industries. Having started his career as a sports writer, he's a lifelong baseball and soccer fan and recently discovered pickleball. He grew up in Yosemite National Park and earned his journalism degree at Humboldt State University in northern California.
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- Glenn Sanford focused on agents, growth and well-being as eXp moves forwardBy stepping back into the CEO role at eXp Realty, Sanford wants to send a clear message that he’s there to help agents through the market slowdown.January 19, 2023
- A tough start for buyers — and renters — in 2023A new report from ATTOM finds renting is more affordable than owning across most of the U.S., a big change from a year ago.January 18, 2023
- Older Americans will contribute meaningfully to inventory in 2023While families with school-aged children still account for the most listings, retirees and empty-nesters make up a significant market share.January 18, 2023
- Zillow begins rolling out its latest ShowingTime+ featureAn on-demand photography service, now available in a handful of major metros, is the company's latest step in building an agent "super app."January 18, 2023
- Real estate in 2023: A return to 'slow and steady wealth building'Economists and other industry leaders believe the wild ride of 2022 is giving way to a quieter, steadier 2023.January 17, 2023
- Teams are good, boutique teams are better, survey findsIn a new study from Side, agents on boutique teams reported higher levels of satisfaction and higher earnings compared with traditional brokerage teams.January 16, 2023
- Optimism propels Canada’s largest brokerage forwardBridgemarq's Phil Soper has overseen the steady and consistent growth of the company during his 20-year tenure as CEO.January 13, 2023
- Redfin helping buyers understand energy costsThe company has added a feature to its listings that gives buyers an estimate of a home's electricity usage, seasonal changes and cost.January 12, 2023
- Mortgage rates dip as inflation slowsFollowing a two-week uptick, the 30-year mortgage rate dropped this week, averaging 6.33% on Jan. 12, down from 6.48% the week before.January 12, 2023
- Inventory rising in nearly every major metroA Realtor.com report found the number of homes for sale was up significantly year-over-year in December, but still well below pre-pandemic levels.January 12, 2023
- Real estate's most powerful womenIn this year’s Swanepoel Power 200, more women than ever are among the top 25 executives on the list.January 11, 2023
- SP 200: A new leader rises to the topThe Swanepoel Power 200, the definitive ranking of the most powerful leaders in residential real estate, names a new No. 1 for 2023.January 10, 2023
- Yes, your buyer can bid on that $1M homeFor the first time ever, the baseline conforming loan limit topped $1 million in high-cost areas, giving buyers more purchase options.January 6, 2023
- Concessions are back: Sellers willing to negotiate, lower pricesAs a sign of shifting market dynamics, Redfin reported a record number of seller concessions in the fourth quarter.January 6, 2023
- 30-year mortgage rate inches upward as housing market remains sluggishThe rate now sits at 6.48%, up from 6.42% the week before. A year ago, the average rate was 3.22%.January 5, 2023
- East vs. West: Where sellers, buyers have the advantage in 2023A new market forecast predicts the top 5 buyers markets this year will be west of the Mississippi, while the top 5 sellers markets will be in the east.January 5, 2023
- Side taps former Zillow executive as presidentStephen Capezza, who oversaw the Premier Agent program at Zillow, will focus on growth as president at Side.January 4, 2023
- Florida, Texas or bust: Top mover destinationsIn its growth index report, U-Haul found more one-way truck customers moved to Southern and Southeastern states in 2022.January 4, 2023
- These were the hottest (and coldest markets) in 2022Cities in the Midwest and South topped Realtor.com's list of markets with the biggest gains in price per square foot.January 4, 2023
