Sharply higher mortgage rates have caused a sudden pullback in home sales, and now sellers are rushing to get in before the red-hot market cools off dramatically. The supply of homes for sale jumped 9% last week compared with the…
There's no doubt about it: The U.S. housing market continues to run hot. Home shoppers are engaging in bidding wars at the highest clip ever recorded. Inventory remains 48% below pre-pandemic levels. And the annual rate of home price appreciation—19.2%—is…
A strange set of (you guessed it, pandemic-influenced) circumstances makes this a tough market to assess. Here are four questions and answers that can help. It’s what you think you want most in the world. It costs more than nearly…
Millennials are looking forward to buying a home, but feel overwhelmed by the process Millennials are buying homes. This much is known. But, despite the much-discussed generation making their entrance into the housing market, many still are still very uneasy…
Are you ready to buy a house? How much can you afford? Answering that second question may not be so easy. Before you snap up that seemingly great buy on a home, learn how to analyze what "affordability" means. Key…
Living from one paycheck to the next may be the norm for many people. But homebuyers need a better strategy. “If buying a home is your goal, then it needs to be your priority,” says Tim Kirchner, formerly vice president…
First-time homebuyers are navigating one of the toughest real estate markets in modern history. Inventory is especially tight in many areas of the country as speculators buy these homes to flip for a quick profit, and escalating costs are prompting…
It’s not easy being a home buyer these days. U.S. home prices are high, housing inventory is low, and consumer sentiment is wobbling. A federal tax break for first-time home buyers will help. Even with the recent interest rate cuts,…
Many people face the choice of remodeling their home or buying a new one. It's not uncommon to buy a home you think will suit your needs only to discover later that you're desperate for added space. Maybe you've expanded…
Homeownership has its perks, among them tax advantages (the mortgage interest deduction and capital gains exclusion), as well as equity-building opportunities. With the homeownership rate at 64 percent, clearly Americans value having a stake in where they live. But home…