A “For Sale” sign in front of a home in Roseville, California, on Tuesday, Dec. 6, 2022. David Paul Morris | Bloomberg | Getty Images Higher mortgage rates weighed on home price gains at the end of 2022. While prices were still higher than they were a year earlier, the rate of increase slowed quickly,
Real Estate
A renovated apartment in New York City after The Expert consultation sessions with designers Jessica Gersten and Athena Calderone. The Expert Aside from bingeing Netflix, creating the picture-perfect home may have been the pandemic’s most popular habit. Whether it’s organizing a pantry or adding on a home office, gym or spa-like bathroom, homeowners have been
Phiromya Intawongpan | Istock | Getty Images Anyone who’s exploring homeownership may know that rising interest rates and elevated home prices are making that goal challenging. The average rate on a typical 30-year, fixed-rate mortgage has been zigzagging between 6% and 7% for the last several months — down from above 7% in early November
The financial pain of shelling out sky-high rent is a reality for many, with median prices in some U.S. metro areas at nearly $3,000 a month. Yet, in certain metros among the country’s 50 largest markets, renters can still find relative affordability, according to a Realtor.com Monthly Rental Report. Oklahoma City is the only metro
CoreLogic, a global property data and analytics-driven solutions provider, today released its monthly Loan Performance Insights Report for December 2022. For the month of December, 3% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a 0.4 percentage point decrease compared
Topline U.S. homeowners have lost a staggering $2.3 trillion in market value since June as higher interest rates drive down demand in the formerly red-hot housing market, and many economists predict the decline will continue throughout the year, as mortgage costs remain elevated and keep sidelining potential buyers. Key Facts The total value of U.S.
Gremlin | E+ | Getty Images There’s often a chasm between theory and practice, what we should do and what we actually do. Yet, when it comes to the long-held advice for renters to not spend more than 30% of their income on housing, the target is increasingly impossible to even try to reach, experts
Topline Prospective home buyers are once again starting to shy away from buying a house as stubbornly high inflation readings push mortgage rates to the highest level since November—spurring a renewed slump in home-buying demand as experts caution the housing market’s recovery will be highly contingent on how quickly the economy can tame rising prices.
Roughly one-third (31.2%) of home purchases were paid for with all cash in December, according to a new report from Redfin, a technology-powered real estate brokerage. That’s up from 28.8% a year earlier but down from the eight-year high of 31.9% hit in November. The share of homes bought with cash remains elevated above pre-pandemic
Topline The number of homes scooped up by investors fell at a record pace last quarter amid higher mortgage rates and forecasts calling for substantial declines in home prices—further clouding the outlook for real estate investing but a positive development for potential home buyers looking to reap the benefits of falling housing prices. Key Facts
A ‘for sale’ sign hangs in front of a home on June 21, 2022 in Miami, Florida. Joe Raedle | Getty Images After falling for five straight weeks, mortgage rates jumped last week, triggering a decline in mortgage demand. Total mortgage application volume fell 7.7% last week, compared with the previous week, according to the
Private is one word to describe Whitefish Hills, a gated community in the recreational heart of northwest Montana. Quiet another: The homes, which were built in various phases, sit on 2-, 5-, 10-, 20-, 40- and 60-acre sites. Eagles crisscross the sky above. Serene would be a third: Equestrian and walking trails weave through open