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Mortgage Rate Watch: Farewell, 3 Percent

Mortgage Rate Watch: Farewell, 3 Percent

It was fun while it lasted. This week, rates on a 30-year fixed mortgage topped 4 percent for the first time since July. Rates averaged 4.01 percent, according to Freddie Mac’s benchmark survey, up from 3.96 percent last week. At this[...]
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Homebuyer Demand Surges 7.1 Percent in November

The Redfin Housing Demand Index rose 7.1 percent to 83 in November from a year earlier, nearly double October’s 3.7 percent increase. The number of Redfin customers requesting home tours rose 28.8 percent, slightly weaker growth than[...]
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San Francisco Homebuyers Face Acute Inventory Shortage

San Francisco home values rose nearly 12 percent in December from a year earlier, posting a median sale price of $1.15 million. Home sales also continued to climb, up 7.7 percent year over year. The city’s shortage of properties grew[...]
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Wayne’s World Redux: What Happens When Living in the Basement Becomes Cool?

Wayne’s World Redux: What Happens When Living in the Basement Becomes Cool?

That grown-up kid in your basement isn’t necessarily unemployed, or even underemployed. It might just be cool for him to live there. That’s one theory from Goldman Sachs, where economists this week looked at basement-dwelling[...]
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