For the first time in more than four years, the Federal Reserve cut interest rates in a move that was long anticipated in response to cooling inflation in the U.S. economy and the need to lower borrowing costs. The half-point cut brought the range to 4.75%-5%, signaling a relatively aggressive approach from the Fed to […]
In recent years, the housing market has undergone a significant transformation. The dream of homeownership, once a cornerstone of the American Dream, is becoming increasingly difficult for many. With the sharp rise in mortgage interest rates, more people are turning to renting as a more feasible alternative. This shift has created a unique opportunity for […]
High mortgage rates and the rising median price of U.S. homes has put a dent in most home sales categories, but the small market for ultra luxury properties is heating up. Through July 15, six homes valued at more than $100,000 million have sold in the United States, CNBC reported. At the current pace of […]
The U.S. real estate market has been an obstacle course for many young people seeking to buy homes, particularly those with enough room for children. The combination of low home supply, rising prices and high mortgage rates poses persistent challenges for Millennials and Gen Zers beginning to start families and enter the housing market. The […]
High mortgage rates continue to result in slumping U.S. home sales, which fell another 4.1% in October and hit an annualized rate of 3.79 million units. The latest data from the National Association of Realtors show that the annualized rate is 14.6% lower than last year and comes up short of the 3.90 million units […]
High mortgage rates and high home prices have dragged down sales activity in the U.S. housing market to a pace not seen since the years after the 2008 recession and housing bust. Recent data from real estate brokerage Redfin estimates that sales of existing homes in the U.S. could top out around 4.1 million in […]
The U.S. Federal Reserve signaled this week that it will pause further increases to the nation’s benchmark interest rate, ending a historic run of hikes intended to curb inflation and prevent a recession. The central bank’s latest approach comes after a review of new economic projections that anticipate stronger growth by year’s end and a […]
For most of this year, the U.S. housing market has been in a holding pattern. High mortgage rates and home prices are putting off many would-be buyers who feel the value proposition is out of balance for them. At the same time, would-be sellers realize that they’ll be facing the same market on the other […]
The state of the U.S. housing market has been dimmed by high mortgage rates and steep home prices, but certain parts of the country are still offering too much value for buyers to resist. Realtor.com released its “Hottest ZIP Codes of 2023” report earlier this week, naming the top 10 cities and towns in the […]
The climate of high mortgage rates in the United States has left both home buyers and home sellers in different kinds of binds in 2022. Buyers face massive down payments and surging monthly mortgage costs, while sellers are pinched by a more tentative marketplace with dampened demand. Even with mortgage rates climbing above 7% — […]
