Published by REALTOR.com | April 18, 2024 These higher rates are frustrating homebuyers and sellers, thwarting many of their plans. Mortgage rates are back up above 7%. Even worse, rates could rise further after U.S. Federal Reserve Chair Jerome Powell said policymakers were in no rush to cut rates while inflation remains stronger than anticipated. …
Published by Realtor Magazine | April 15, 2024 NAR, along with other housing groups who chimed in on the case, call the unanimous Supreme Court ruling a major win for property rights. The U.S. Supreme Court ruled unanimously on Friday that the government cannot demand hefty development fees from property owners in exchange for building …
SCOTUS Rules in Favor of Owners in Property Fee Dispute Read More »
Published by CNBC.com | April 9, 2024 First-time homeowners often face sticker shock on their mortgage payments after the first year of ownership It’s not unusual for new homeowners to face financial surprises, but people buying a newly built home may be more likely to encounter sticker shock on a key expense. Almost 75% of …
Buyers of Newly Built Homes Can Face a Property Tax Surprise Read More »
Published by REALTOR.com | April 3, 2024 About 38% of all buyers were millennials last year, according to the National Association of Realtors. That’s up from 28% in the previous year. Millennials are finding ways to become homeowners—despite an extremely challenging and expensive housing market. About 38% of all buyers were millennials last year, according …
Millennial Homeownership Is on the Rise Despite Affordability Issues Read More »
Published by REALTOR.com | March 26, 2024 Rental prices are falling—and it’s helping to make it cheaper to be a paying tenant than a homebuyer in America’s 50 largest metropolitan areas. Rentals fell for the seventh month in a row on an annual basis, according to the Realtor.com® February rental report. Prices dropped annually by …
It’s Now Officially Cheaper To Rent Than Buy a Home in the 50 Largest U.S. Metros Read More »
Published by FOX Business | March 21, 2024 Every year, one week stands out from the rest as that perfect stretch of time when it’s great to be a home seller. This year, the week of April 14–20 is the best time to sell—that is, if sellers want to see lots of interest in their …
This Is The Very Best Time To Sell If You Want Top Dollar For Your Home Read More »
Published by REALTOR.com | March 12, 2024 Homebuyers might not want to bet on mortgage rates making any big drops as the spring housing market kicks off. Inflation ticked up in February by 3.2% year over year, according to the most recent consumer price index summary. That’s the third month in a row that inflation has …
Mortgage Rates Could Top 7% This Spring as Inflation Ticks Up Read More »
Published by NBC News | March 15, 2024 Consumer advocates say the National Association of Realtors’ legal agreement, if approved, could save buyers and sellers thousands of dollars and lead many buyers to forgo agents entirely. The National Association of Realtors has agreed to a landmark settlement that would eliminate real estate brokers’ long-standing commissions, …
Published by FOX Business | March 15, 2024 Home foreclosures rose again in February as Americans continue to grapple with the ongoing cost-of-living crisis. A new report published by real estate data provider ATTOM found that there were 32,938 properties in February with foreclosure filings, which includes default notices, scheduled auctions and bank repossessions. That …
Published by The Center Square | March 14, 2024 A monthly mortgage payment for a typical U.S. home has nearly doubled since January 2020 The housing market is not immune from inflationary woes as buyer’s purchasing power has significantly diminished in four years. Home buyers in 2024 need 80% more income to purchase a home …
Home Buyers Need 80% More Income to Buy Than 4 Years Ago Read More »
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