Nicole Friedman
U.S. Housing Reporter at The Wall Street Journal
U.S. housing reporter for @WSJ
Articles
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2 weeks ago |
wsj.com | Nicole Friedman |Gina Heeb
Mortgage rates usually fall during periods of economic uncertainty. But during the past tumultuous week for the markets, mortgage rates ended essentially flat and dealt another blow to the housing market’s crucial spring selling season. The average rate on the standard 30-year fixed mortgage dipped slightly to 6.62% this week, according to a survey of lenders by mortgage-finance giant Freddie Mac. It was 6.64% a week earlier.
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3 weeks ago |
wsj.com | Jean Eaglesham |Nicole Friedman
LOS ANGELES—Susan Spira called her insurer days after the Los Angeles wildfires destroyed her family’s home—only to be told her policy had been canceled. The reason: In the chaotic days after the house burned to the ground, her monthly premium hadn’t been paid. “I nearly fell apart,” she said. Spira, a real-estate lawyer, fought back and the insurer, California’s Fair Plan, agreed her Pacific Palisades house was covered when the infernos sparked.
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3 weeks ago |
wsj.com | Nicole Friedman
Prospective home buyers are starting to move off the sidelines because life is moving on, even if mortgage rates and prices are stuck. People who are having babies, retiring and getting new jobs are shopping for homes, according to real-estate agents and buyers. Home tours and mortgage applications are up—early signals that demand is rising as the spring selling season gets under way.
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1 month ago |
wsj.com | Nicole Friedman
Home sales unexpectedly increased in February, despite high home prices and mortgage rates. Sales of previously owned homes rose 4.2% from January. Economists had expected a second straight month of declines. The data, from the National Association of Realtors, is seasonally adjusted. The median home price last month was $398,400, the highest for any February ever.
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1 month ago |
wsj.com | Nicole Friedman
Existing home sales rose 4.2% in February, beating expectations, as buyers adjust to higher mortgage rates and increased inventory. Despite the increase, home sales remain below year-ago levels due to affordability challenges, with high home prices and mortgage rates deterring some buyers. The number of homes for sale has increased, but the typical home is taking longer to sell, indicating a slower market.
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