Tag: Housing market trends

Mortgage rates are dropping, but don't expect homes to become more affordable in 2025. The average 30-year fixed mortgage rate has decreased to 6.2% from a peak of 7.79% in May, providing potential savings...

July Home Sales Show Signs of Recovery After Five-Month DeclineIn a promising turn of events, closed sales of previously owned homes experienced a 1.3% increase in July compared to June, reaching a seasonally adjusted,...

Home Depot recently announced that while it exceeded expectations for the quarter, it anticipates a decline in sales for the rest of the year due to high interest rates and consumer uncertainty. The company...