Today: 16. Nov, 2024
Homeownership, a cornerstone of the American dream, remains an elusive goal for many, particularly within the Black community. Recent findings by LendingTree underscore the persistent gap in homeownership rates between Black Americans and their counterparts, highlighting a complex web of socio-economic barriers.…
As the anniversary of last March’s banking crisis looms, the financial community is casting a wary eye on New York Community Bank (NYCB), whose recent troubles have reignited concerns over the stability of mid-sized American banks. Despite efforts to reassure investors by…
As the climate crisis intensifies, insurance giants like State Farm and Allstate retreat from areas prone to fires and floods, signalling a worrying trend for homeowners in such regions. This strategic withdrawal could spell trouble for those seeking coverage and the overall…
In a surprising turn of events, the average rate on the popular 30-year fixed mortgage has soared past the 7% mark, reaching 7.04% on Monday for the first time since December, as reported by Mortgage News Daily. This significant increase follows a…
In the shifting landscape of the U.S. rental market, a disturbing trend emerges, highlighting the growing financial strain on tenants nationwide. Despite a mild softening in rental prices in specific locales, the relief remains elusive for many renters grappling with the escalating…
In a recent shift, the demand for mortgages has decreased after weeks of steady increase, highlighting buyers’ challenges in an increasingly competitive housing market. The Mortgage Bankers Association’s seasonally adjusted index reveals a 7.2% decline in total mortgage application volume compared to…
As the Federal Reserve convenes for its two-day meeting, speculation is rife about the future direction of interest rates amidst an unexpectedly robust economic performance and a cooling inflation rate. The term “no landing” is gaining traction among economists, suggesting a scenario…
As the winter chill bites harder, its impact is felt beyond the temperature drop, reaching the heart of the US housing market. A recent report from Redfin, a renowned real estate company, has shed light on a striking trend: severe winter weather…
As we enter 2024, the housing landscape presents a varied picture, with the top 10 hottest housing markets emerging across the South, Northeast, and Midwest. This analysis, presented by Zillow, sheds light on the complexities and implications of these “hot” markets for…
As 2023 drew close, the United States housing market experienced its most significant downturn since 1995. The National Association of Realtors reported a notable slump in December home sales, reflecting a broader trend of market contraction. This decline culminated in a year…
