Today: 5. Nov, 2024
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 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…
As fall approaches, prospective homebuyers are anticipating a potential interest rate cut from the Federal Reserve and facing the possibility of complications related to flood insurance. Without timely action from Congress, a crucial program may lapse, making it challenging to buy, sell,…
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…
Record inflation may have people questioning whether homeownership is still a good investment. With home prices rising faster than incomes, homeowners feel the financial pinch as maintenance costs soar. The Growing Cost Burden of Homeownership More than one in four homeowners with…
According to a recent report, this summer has brought a slight improvement in home affordability for buyers. The median new mortgage payment decreased to $2,167 in June, a 2.4% decline from $2,219 in May, as the Mortgage Bankers Association (MBA) reported. While…
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…
In the current real estate market, climbing home values are leading to increased capital gains taxes for many American homeowners upon selling their properties. Understanding the calculation of home sale profits and the strategic use of tax exclusions and deductions can substantially…
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…
