How are rising mortgage rates impacting the housing market?

As mortgage rates creep toward 7%, pending home sales and new listings are declining more than they did over the summer, as the number of sellers dropping prices rose to its highest level on record, and the number of homes selling for over asking price dropped to its lowest since the start of the pandemic.

Are home-buying applications down?

Yes, mortgage applications fell 2% week over week and were down 39% from last year.

Are home searches on Google down?

Yes, Google found fewer searches for “homes for sale” during the week ended Oct. 8, down 35% from last year putting it on par with March 2020.

General Real Estate Stories Archives ⋆ Boston Condos For Sale Ford Realty

Boston Real Estate for Sale

State of the national housing market 2025

General real estate stories

State of the national housing market 2025

Homebuilders turn on a dime; new housing permits drop

General real estate stories

Homebuilders turn on a dime; new housing permits drop

Can’t sell? Rent out your condo, instead

General real estate stories

Can’t sell? Rent out your condo, instead

Mortgage rates fall for sixth-straight week

General real estate stories

Mortgage rates fall for sixth-straight week

Make the most of a slowing market

General real estate stories

Make the most of a slowing market Boston Condos for Sale and Apartments for Rent Loading... Make the most of a slowing market Now that the Boston condo for sale market is slowing down, homeowners who haven’t sold at the price they were hoping for are increasingly...