Shoreline home sales hit six-year low amid tight inventory
The median single-family sale price in Shoreline reached $827,500 last month as high mortgage rates limited inventory.
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Real Estate
US existing home sales miss spring growth expectations
Existing home sales in the U.S. edged up only 0.2% in April, missing economist expectations for a seasonal spring rebound.
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Bank of Canada says housing will cut Canada GDP growth by 0.1 point
The Bank of Canada now expects housing to cut 0.1 percentage points from GDP growth this year, after projecting a 0.2-point boost in January.
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Bank of Canada Says Housing Will Cut Canadian GDP Growth by 0.1 Points
The Bank of Canada now expects housing to subtract 0.1 percentage points from GDP growth this year, after forecasting a 0.2-point boost in January.
2 min read
Lower mortgage rates lift purchase applications
Mortgage rates fell for a third straight week to 6.35%, and purchase applications jumped 10% as lower borrowing costs drew buyers back.
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Freddie Mac: rate falls to about 6.23% on 30-year mortgage
Freddie Mac reported the 30-year fixed at 6.23%. Lenders saw purchase applications rise about 10% as refinance activity ticked up.
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Lower mortgage rates lift purchase applications 10%
The MBA said purchase applications jumped 10% as the 30-year mortgage rate fell to 6.35%, but affordability remains uneven.
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