The FINANCIAL — A historic inventory crisis is driving up home prices to new highs, but understanding why would-be sellers are sitting on the sideline had been guesswork. Now a new Zillow survey[i] is shedding light on how the pandemic is influencing homeowners who are considering
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The FINANCIAL — Freddie Mac (OTCQB: FMCC) released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 2.80 percent, the lowest rate in our survey’s history which dates back to 1971. “Mortgage rates remain very low, providing homeowners
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The FINANCIAL — Home price momentum continued into early October, with annual median list price growth reaching double digits, according to Zillow’s Weekly Market Report. Although the frenetic pace of newly pending sales seems to be subsiding in a delayed seasonal slowdown, a
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The FINANCIAL — In the second quarter of 2020, marked by COVID-19 containment measures in most Member States, house prices, as measured by the House Price Index, rose by 5.0% in the euro area and by 5.2% in the EU compared with the
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