Source: Warwick Beacon — After a wild couple of years in the housing market, things may finally be starting to cool. Fewer people took out mortgages at the end of last year, as sky-high home prices, costly mortgage rates, and consumer inflation limited buying...
Source: CNN Business — Washington, DCCNN — Mortgage rates edged further toward 7%, rising for the fifth consecutive week, as the Federal Reserve suggests rate increases will continue amid stubborn inflation. The 30-year fixed-rate mortgage averaged 6.73% in...
Source: Tahoe Daily Tribune — You’ve made the brave decision to enter the real estate market and purchase your own home. Congratulations! Buying a home is a huge milestone. Now that you’re ready to take the plunge, we wanted to provide you with some tips and...
Source: Bankrate — For many prospective homebuyers, sole ownership is prohibitively expensive. With inflation and mortgage rates still high, some people may be thinking about less-conventional options for buying a home. While spouses and family members are...
The median U.S. asking rent rose 1.7% year over year to $1,937 in February—the smallest increase in nearly two years and the lowest level in a year, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Rents were up nearly...
The typical homebuyer’s monthly payment hit a new all-time high of $2,563 this week, up 29% from $1,988 a year ago, according to a new report from Redfin, the technology-based real estate brokerage. That’s dampening demand and preventing many would-be sellers from...