Today: 1. Jul, 2024
Home prices set another record in April, even as mortgage rates rose and the supply of homes for sale increased. Usually, under those circumstances, prices would weaken, but today’s housing market is unlike any other in recent history. This article explores the…
The housing market’s trajectory for the latter half of 2024 has experts divided, with some anticipating improvements while others remain cautious. Initial Optimism and Varied Predictions “Mostly, we think the housing market is going to improve over the next half of the…
Home equity has surged to near-record levels, presenting homeowners with significant financial potential. However, tapping into this wealth is becoming increasingly challenging due to rising interest rates. Financial advisors provide insight into how homeowners can navigate these high costs to leverage their…
Despite increased available homes, sales of previously owned homes declined in March. The National Association of Realtors (NAR) reported a 4.3% drop from February, marking a seasonally adjusted annualized rate of 4.19 million units. This decrease also represents a 3.7% fall compared…
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…
In the ever-evolving landscape of the American dream, owning a home has become increasingly challenging, particularly when compared to the financial realities faced by previous generations. A recent study by Clever, a real estate data company, has shed light on a stark…
The U.S. housing market has kicked off the year positively with a 3.1% increase in sales of previously owned homes in January, reaching 4 million units on a seasonally adjusted annualized basis, as the National Association of Realtors (NAR) reported. Despite a…
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…
As 2024 unfolds, the housing market remains a topic of intense interest, especially for those hoping to buy their first home. The landscape has been shaped by fluctuating mortgage rates and persistent housing shortages, creating a complex environment for prospective buyers and…
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…
