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…
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…
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,…
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…
With mortgage rates at near historic lows, more people are pouncing on the opportunity to buy a home and going for properties that may have been a little out of their price range before. The irresistible savings should add some…
Owning your own home has long been part of the American dream. It’s a goal most of us rightfully aspire to, and one that can often help build wealth. Indeed, 64% of Americans own a home today. If you’re considering…
Mortgage rates slipped lower over the last week, a boon to those looking to buy a home or refinance. The 30-year fixed-rate mortgage averaged 3.55% during the week ending Aug. 22, down five basis points from the previous week, Freddie…