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May 31, 2023

real estate

Article

House unanimously passes bill barring foreign enemies from buying NC farmland 

May 3, 2023 A.P. Dillon

RALEIGH — The bill filed to stop adversarial foreign governments from buying farmland in North Carolina unanimously passed the House by a vote of 114-0. The bill will now be taken up by the Senate.  […]

Article

Bill would bar purchase of NC farmland, land near military bases by certain foreign governments 

March 29, 2023 A.P. Dillon

RALEIGH — N.C. House Majority Leader Rep. John Bell (R-Wayne) announced the filing of a bill to protect North Carolina farmland and land near military installations from being purchased by “adversarial” foreign entities.  “Allowing foreign […]

Article

US home sales fell in November, the 10th consecutive month

December 22, 2022 Alex Veiga, Associated Press

The housing market slump deepened in November as sales of previously occupied U.S. homes slowed for the tenth consecutive month — the longest such stretch on records going back to 1999. Existing home sales fell […]

Article

US home sales fell in September for eighth straight month

October 26, 2022 The Associated Press

Sales of previously occupied U.S. homes fell in September for the eighth month in a row, matching the pre-pandemic sales pace from 10 years ago, as house hunters grappled with sharply higher mortgage rates, rising […]

Article

Mortgage rates hit 6%, first time since 2008 housing crash

September 17, 2022 Matt Ott, Associated Press

WASHINGTON, D.C. — Average long-term U.S. mortgage rates climbed over 6% this week for the first time since the housing crash of 2008, threatening to sideline even more homebuyers from a rapidly cooling housing market. […]

Article

US home sales fell in June as prices reach new heights

July 22, 2022 Alex Veiga, Associated Press

Sales of previously occupied U.S. homes slowed for the fifth consecutive month in June as higher mortgage rates and rising prices kept many home hunters on the sidelines. Existing home sales fell 5.4% last month […]

Article

Average long-term US mortgage rates retreat this week

July 8, 2022 Matt Ott, Associated Press

WASHINGTON, D.C. — Average long-term U.S. mortgage rates eased again this week as the Federal Reserve remains likely to raise its benchmark borrowing rate in its ongoing battle to bring down inflation. Mortgage buyer Freddie […]

Article

Average long-term mortgage rates fall; 30-year loan at 5.1%

May 30, 2022 The Associated Press

WASHINGTON, D.C. — Average long-term U.S. mortgage rates fell for the second week in a row, though interest rates on the key 30-year home loan remain at decade-high levels. Economic uncertainty and weakened homebuyer demand […]

Article

Average long-term U.S. mortgage rates edge down to 5.25%

May 20, 2022 Matt Ott, Associated Press

WASHINGTON, D.C. — Average long-term U.S. mortgage rates retreated modestly this week, but interest on the key 30-year loan remains at decade-high levels. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate slipped to […]

Article

Average long-term US mortgage rates edge up to 5.3%

May 13, 2022 Matt Ott, Associated Press

WASHINGTON, D.C. — Average long-term U.S. mortgage rates edged up again this week, with interest on the key 30-year loan at its highest level since 2009. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate […]

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