Prashant Gopal
Journalist at Bloomberg Businessweek
Reporter at Bloomberg News
Prashant Gopal is a Bloomberg News housing reporter. Bates College grad. Proud dad. Hoarder of vinyl records. Opinions are my own.
Articles
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6 days ago |
news.bloombergtax.com | Prashant Gopal
Mortgage rates in the US stayed put at levels reached last week, keeping the pressure high for homebuyers. The average for 30-year, fixed loans was 6.76%, the same as a week earlier, Freddie Mac said in a statement Thursday. Homebuyers are confronting borrowing costs that have stayed stubbornly high in recent months and rising economic uncertainty spurred by tariffs. That’s pushed some house hunters to the sidelines.
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6 days ago |
fa-mag.com | Prashant Gopal
Mortgage rates in the U.S. stayed put at levels reached last week, keeping the pressure high for home buyers. The average for 30-year, fixed loans was 6.76%, the same as a week earlier, Freddie Mac said in a statement Thursday. Home buyers are confronting borrowing costs that have stayed stubbornly high in recent months and rising economic uncertainty spurred by tariffs. That’s pushed some house hunters to the sidelines.
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6 days ago |
bloomberg.com | Prashant Gopal
Residential homes in Rodeo, California, US, on Wednesday, Sept. 18, 2024. US mortgage rates declined last week to the lowest level since September 2022 in anticipation of Federal Reserve interest-rate cuts, stoking an influx of applications for home purchases and refinancing. Photographer: David Paul Morris/Bloomberg(Bloomberg) -- Mortgage rates in the US stayed put at levels reached last week, keeping the pressure high for homebuyers.
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1 week ago |
fa-mag.com | Prashant Gopal
Florida’s housing boom has now shifted into reverse, with prices sliding by the most in at least 13 years. The median price for all types of homes fell 1.7% in March from a year earlier, according to Redfin Corp. data going back to 2012. The post-pandemic influx of out-of-state buyers has faded, pressuring demand. Home sales have fallen. Inventory is now at a record high in the data going back to 2012. Rising insurance costs and high mortgage rates have strained affordability.
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1 week ago |
bloomberg.com | Prashant Gopal
A homes for sale in Washington, DC. (Bloomberg) -- Mass cuts in the federal workforce have triggered a record spike in housing inventory in Washington’s real estate market. In the four weeks through April 27, the total number of homes for sale in the Washington metro area surged 25% from a year earlier, the largest gain in data going back to 2015, according to a Redfin Corp. report released Wednesday. Washington’s increase outpaced the 14% rise in listings nationwide.
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Homebuyers in Florida are in no rush. There's so much to choose from and now for the first time in a while, prices are falling. https://t.co/soTpfBbehT
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