Today: 28. Sep, 2024
Amidst fluctuating interest rates and an uncertain economic outlook, homeowners who secured their mortgages when rates were high are now pondering whether to refinance. According to Freddie Mac, the refinance activity of 2023 hit a 30-year low due to historically high mortgage…
The latest survey from the Royal Institution of Chartered Surveyors (RICS) provides a promising outlook for the UK housing market, indicating that house prices are expected to grow over the next year. This recovery follows a period of stabilization in March after…
In the fluctuating world of real estate and mortgage rates, whether to refinance a mortgage is pivotal for homeowners looking to save money. With the Federal Reserve’s interest rate cuts uncertain, those who secured mortgages when rates ranged between 6% and 8%…
In a significant move to address the escalating housing affordability crisis in the United States, the Biden administration has introduced a new rule to cap rent increases in particular affordable housing units. This policy, announced on April 1 and now in effect,…
As the spring housing market unfolds, it’s challenging preconceived notions that anticipated a cooldown in prices and competition. Contrary to the expected impacts of higher mortgage rates, historically dampening demand, and housing prices, this year’s market dynamics are surprisingly resilient. The enduring…
As the curtains rise on the spring housing market—a season traditionally bustling with activity—the anticipated surge in mortgage demand remains conspicuously absent. Despite a slight moderation in interest rates, the Mortgage Bankers Association’s seasonally adjusted index reveals a stagnation in application volume,…
For the first time in half a year, rent prices across the United States are experiencing an uptick, marking a modest shift in a market that had been cooling off. According to a recent report by Zumper, a leading real estate data…
In the ever-evolving real estate market, certain outdoor features are enhancing curb appeal and significantly increasing home sale prices. According to recent findings by Zillow, incorporating elements like outdoor TVs can potentially boost the sale price of a home by 3.1%, which…
In a housing market that’s been anything but predictable, a new analysis from Redfin brings to light a striking trend: home price growth has decelerated to rates reminiscent of the pre-pandemic era. February saw U.S. home prices increase by 0.6% from the…
The National Association of Realtors (NAR) has agreed to a $418 million settlement in a class-action antitrust lawsuit in a groundbreaking development that could reshape the American real estate market landscape. This lawsuit unearthed a conspiracy among several large real-estate brokerages and…
