Today: 5. 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…
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…
The U.S. housing market has been challenging for many potential buyers, but recent developments suggest that conditions might be improving, though affordability remains a significant hurdle. A combination of lower mortgage rates and increased inventory is offering some relief, but experts caution…
With home prices skyrocketing, American homeowners now hold a staggering $32 trillion in home equity as of the first quarter of 2024, according to the St. Louis Federal Reserve. This unprecedented figure offers both opportunities and risks for homeowners considering tapping into…
In a surprising turn of events, the housing market showed signs of life in July, with home sales rising for the first time in five months. According to the National Association of Realtors (NAR), closed sales of previously owned homes increased by…
The heat in the housing market is beginning to wane, with home prices showing signs of cooling despite still being higher than last year. New reports indicate shrinking price gains and a shift in seller behavior after a stagnant spring market. Shrinking…
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…
