Category: US housing

Affordability Is ‘Greatest Challenge’ in US Housing Market, Experts Tell Senate Committee

Despite rising interest rates and moderating sales activity, the median sales price of homes sold in the United States in the fourth quarter was $467,700, up 10.4 percent year-over-year, according to recent figures from the Department of Housing and Urban Development (HUD). The problem facing the national real estate market is shrinking inventory levels, industry…


US Mortgage Interest Rates Climb for Fourth Straight Week as Fed Considers Rate Hikes

U.S. interest rates for home loans rose for a fourth straight week by Jan. 14, as mortgage applications increased 2.3 percent from a week earlier, according to the Market Composite Index (MCI), a measure of mortgage loan application volume. On an unadjusted basis, the MCI increased 3 percent compared with the previous week. Residential real…