Shandie Thompson, Associate Broker

Existing-Home Sales Rise 4.8% in November NAR: Existing-home sales in the South rose 5.6% from October to an annual rate of 1.87 million in November, up 3.3% from one year before. WASHINGTON — Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – improved 4.8% from Oc...

Fed Likely to Slow Rate Cuts on Inflation An interest rate cut is expected this week, but due to ongoing inflation, rate reductions in 2025 are likely to be more gradual, economists say. WASHINGTON — Americans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week's Federal Reserve meeting. T...

U.S. Homebuying Demand Remains High Redfin found that more buyers are in the market because they have accepted mortgage rates will remain above 6% for the foreseeable future, among other reasons. SEATTLE — Home tours, mortgage applications and pending sales are rising as mortgage rates decline from the four-month high they hit in la...