Today: 16. Nov, 2024
The housing market faces numerous challenges, but according to Property Brother Drew Scott, “the biggest difference” impacting buyers today is the significant housing shortage. During CNBC’s Your Money event, Drew emphasized the profound effects this scarcity has on the entire market. His…
Sales of previously owned homes dropped in September, reaching levels not seen since October 2010. The market faces challenges, including high mortgage rates, fluctuating inventories, and longer sales cycles. As Lawrence Yun, chief economist for the National Association of Realtors, noted, “Home…
The commercial real estate (CRE) market is showing signs of recovery, buoyed by favorable shifts in interest rates. However, the rebound across office, retail, and multifamily real estate sectors is far from uniform. The path forward remains complex, with improvements in some…
Mortgage rates have hit their highest levels since August, sparking a significant drop in demand from homeowners and potential buyers alike. As interest rates climb for the third consecutive week, many borrowers are reconsidering their plans, leading to a 17% decline in…
As mortgage rates hover around 6%, homebuyers seek creative alternatives to reduce interest costs. One increasingly popular option is the assumable mortgage, a method that allows buyers to inherit an existing mortgage rate, which could be as low as 2% or 3%.…
When a natural disaster strikes, the aftermath can leave homeowners and renters without a place to stay. Fortunately, a provision in homeowners’ or renters’ insurance policies, known as “loss of use” or “additional living expenses” (ALE) coverage, can provide temporary relief. This…
Mortgage demand took a hit as interest rates sharply rose, causing both homebuyers and homeowners to hesitate. According to the Mortgage Bankers Association’s seasonally adjusted index, the total mortgage application volume fell 5.1% last week compared to the previous week, reflecting the…
As Americans reach retirement age, whether to rent or own a home becomes increasingly important. While most older adults, those 65 and older, are homeowners, many choose to rent during their retirement years. Understanding the pros and cons of each option can…
The landscape of buying and selling homes has changed dramatically with a recent settlement in an antitrust lawsuit involving the National Association of Realtors (NAR). The $418 million settlement, which took effect on August 17, aims to dismantle the previous system that…
Shares of New World Development, one of Hong Kong’s leading property developers, surged by 23% following the sudden resignation of its CEO, Adrian Cheng. Cheng, a founding family member, stepped down to focus on personal commitments and public service. This significant leadership…
