Real Estate Orbit

All you need to know about real estate in one place (#RealEstate #Homes #Property #Houses #CommercialRealEstate #Mortgages #Loans #Appraisals #Appraisers

[Lance Lambert @NewsLambert]

The average 30-year fixed mortgage rate today: 7.17%

Same day last year: 6.35%

-----------------
10-year Treasury yield: 4.96%
Spread today: 221 bps

[NAR Research @NAR_Research]

Instant Reaction: Mortgage Rates, September 16, 2026

"Average mortgage rates rose from 6% in late February to 7% this week, ahead of the Federal Reserve's first rate hike in three years today."

[Real Estate Orbit @realestateorbit]

New Arizona HOA Law

Hopefully more states will follow suit.

https://t.co/p9emN5YpAw

[Realcomp MLS @Realcompmls]

Realcomp releases July 2026 Sales Statistics

https://t.co/wT4MFuLpFe

[Real Estate Orbit @realestateorbit]

@middle_class_us But, if you’re a renter you accumulate nothing/zero equity.

Ownership wins.

[Rohin Dhar @rohindhar]

San Francisco median rent for a two bedroom apartment hits over $6000 a month

Up 25.9% year over year

Up 5.6% since last month

[Lance Lambert @NewsLambert]

The average 30-year fixed mortgage rate today: 6.83%

Same day last year: 6.75%

---------------
10-year Treasury yield: 4.75%
Spread today: 208 bps

[Andrew Lokenauth @FluentInFinance]

A $500K mortgage now costs $3,800 a month.

In 2021, that same mortgage cost $1,800 a month.

That’s $2,000 more each month for the same home.

[unusual_whales @unusual_whales]

BREAKING: US mortgage rates rise to 6.66%, highest level in a year

[Lance Lambert @NewsLambert]

We just got the highest mortgage rate reading of 2026

The average 30-year fixed mortgage rate today: 6.85%

Same day last year: 6.78%

—————
10-year Treasury yield: 4.70%

Spread: 215 bps

[Inman @Inman]

Prefab home startup Boxabl goes public after $3.5B SPAC merger https://t.co/ratyORehAf

[unusual_whales @unusual_whales]

Households need an annual income of roughly $117,000 to afford the average home, per Redfin

[unusual_whales @unusual_whales]

BREAKING: Prices for new homes sink below resales for the first time ever, per Bloomberg.

[Colin Robertson @mortgagetruth]

All of these scenarios are unlikely:

- Home prices down 16%
- Incomes up 19%
- Mortgage rates 160 bps lower

But this could work:

- Home prices stay mostly flat
- Incomes rise 3-5% annually
- Mortgage rates fall 0.5% - 1%

We're getting closer...it's just a boring slog.

[unusual_whales @unusual_whales]

Median house prices single-family homes in the US, per NAR:

In the U.S. Northeast: $564,800
In the Midwest: $346,600
In the South: $377,700
In the West: $633,600

[Peter Schiff @PeterSchiff]

Pending home sales fell in June on both a monthly and annual basis, driven by a 10-month high in mortgage rates and record-high home prices. Contracts sank 5.4% compared with May and fell 0.3% YoY. The MoM pullback was nationwide, while YoY sales fell only in the South and West.

[Real Estate Orbit @realestateorbit]

A first-of-its-kind Bay Area home sale may change how Californians buy houses

https://t.co/Ra3IFIlqiA

[National Association of REALTORS® @nardotrealtor]

Existing-home sales decreased by 2.4% in June, while the average 30-year fixed-rate mortgage moved slightly higher to 6.49%. Learn more: https://t.co/zeDXgcl2nW

[Real Estate Orbit @realestateorbit]

Sweeping housing affordability bill becomes law, despite Trump’s delay. Here’s what it actually means for the housing market

https://t.co/bKrJMZ10og

[Financial Dystopia @financedystop]

This is not going to end well...