Real Estate

Questions to Ask a Real Estate Agent When Buying a House: A Comprehensive Guide

RisMedia Consumer News - February 5, 2024 - 4:36pm

Buying a house is one of the most significant financial decisions ever. Finding the right real estate agent to guide you through the process is crucial. There are many excellent reasons to have a buyer’s agent. Whether you’re a first-time homebuyer or a seasoned investor, interviewing a REALTOR® effectively can make all the difference in…

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Categories: Real Estate

Insurers such as State Farm and Allstate are leaving fire- and flood-prone areas. Home values could take a hit

Real Estate CNBC - February 5, 2024 - 3:48pm
Insurance companies are reducing coverage in climate-dangerous markets, leaving many homeowners without affordable property insurance options.
Categories: Real Estate

Mortgage rates jump back over 7% as stronger economic data rolls in

Real Estate CNBC - February 5, 2024 - 3:20pm
Mortgage rates crossed over 7% for the first time since December, making homes less affordable just ahead of the spring housing market.
Categories: Real Estate

New Data Offers Cautious Optimism for Spring Home-Buying Season, Mortgage Market

RisMedia Consumer News - February 5, 2024 - 3:10pm

As the sluggish 2023 housing market retreats farther from view, new industry data points to reasons to be cautiously optimistic about the upcoming spring home-buying season. Thanks to lower mortgage rates as of late, affordability pressures have eased. The share of income needed to buy a median home in the U.S. decreased by nearly 5…

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Categories: Real Estate

How interest rates have changed over the last 12 months for mortgages, car loans, credit cards and more

Real Estate CNBC - February 5, 2024 - 9:43am
As markets look toward potential interest rate cuts in 2024 from the Federal Reserve, these five charts show how rates have fluctuated over the last 12 months.
Categories: Real Estate

Why U.S. renters are taking corporate landlords to court

Real Estate CNBC - February 3, 2024 - 1:04pm
U.S. landlords who use RealPage products to set prices on rental apartments are facing accusations of collusion.
Categories: Real Estate

Consumer Sentiment Continues to Gain Momentum

RisMedia Consumer News - February 2, 2024 - 1:06pm

The latest Survey of Consumers from the University of Michigan finds that consumer sentiment in January remains relatively rosy, suggesting optimism about the economy as the new year gets underway. The Index of Consumer Sentiment, calculated by surveying consumers, currently sits at 79, a substantial increase both month-over-month (69.7 in December 2023) and year-over-year (64.9…

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Categories: Real Estate

Rental markets are softening, but half of U.S. tenants spend more than they can afford, Harvard report finds

Real Estate CNBC - February 2, 2024 - 10:27am
Half of renters in the U.S. are considered cost-burdened, meaning they spend 30% or more of their income on housing, a Harvard study found.
Categories: Real Estate

IMF expects new housing demand in China to drop by around 50% in the next decade

Real Estate CNBC - February 2, 2024 - 5:00am
Demand for new housing in China is set to drop by around 50% over the next decade, making it harder for Beijing to quickly bolster the country's overall growth.
Categories: Real Estate

Japan's Aozora Bank hits near 3-year lows as bad U.S. property loans prompt loss forecast

Real Estate CNBC - February 2, 2024 - 12:00am
Aozora shares hit their lowest levels since February 2021, plunging as much as 18.5% — the Nikkei 225 benchmark was up 0.5%.
Categories: Real Estate

5 Expert Tips for a Faster Home Sale

RisMedia Consumer News - February 1, 2024 - 1:34pm

Selling a house can be a significant undertaking. For many homeowners, the desire to sell a house fast is a top priority. When relocating, downsizing, or having other reasons for a speedy sale, implementing effective strategies can make a substantial difference. Whether selling a stigmatized property or a glamorous mansion, the home sale process can…

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Categories: Real Estate

Rental markets are cooling, but it 'doesn't mean they're falling,' Harvard researcher says. Here's what that means for renters

Real Estate CNBC - February 1, 2024 - 12:54pm
After a few years of record-high rent costs, prices are beginning to cool in some areas. Here's what that means for renters.
Categories: Real Estate

Federal Reserve holds interest rates steady, sets the stage for cuts. What that means for your money

Real Estate CNBC - January 31, 2024 - 3:29pm
As the Federal Reserve sets the stage for rate cuts later this year, here's what that means for your credit card, mortgage rate, auto loan and savings account.
Categories: Real Estate

Weekly mortgage demand drops as buyers struggle to find affordable homes

Real Estate CNBC - January 31, 2024 - 8:30am
After rising for several weeks, mortgage demand fell last week as buyers faced increased competition for a limited supply of homes.
Categories: Real Estate

Should you pay rent with a credit card? ‘It could rapidly spiral,’ expert warns

Real Estate CNBC - January 30, 2024 - 2:22pm
Sometimes, it's possible to pay rent with a credit card — but experts say it's risky.
Categories: Real Estate

Consumer Confidence Hits Two-Year High

RisMedia Consumer News - January 30, 2024 - 12:43pm

Consumer confidence increased 6.8 points to 114.8 in January, the third consecutive month of increases and the highest reading seen since December 2021, according to the latest data from The Conference Board.  “January’s increase in consumer confidence likely reflected slower inflation, anticipation of lower interest rates ahead and generally favorable employment conditions as companies continue…

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Categories: Real Estate

Home prices began to cool in November after nine straight months of gains, S&P Case-Shiller says

Real Estate CNBC - January 30, 2024 - 12:29pm
Home prices in November fell 0.2% from October, according to the S&P CoreLogic Case-Shiller national home price index.
Categories: Real Estate

How to Find The Best Listing Agent When Selling a House

RisMedia Consumer News - January 29, 2024 - 4:46pm

Selling a home is a significant undertaking. Choosing the right listing agent can make a world of difference in the success of your real estate venture. It becomes exceptionally crucial for a first-time seller to know the importance. Finding the best listing agent involves careful consideration, research, and a thoughtful interview. You will learn strategies…

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Categories: Real Estate

Sen. Elizabeth Warren pushes Fed Chair Powell to cut 'astronomical' rates, ease housing pressure

Real Estate CNBC - January 29, 2024 - 4:17pm
President Joe Biden's 2024 reelection campaign has struggled to earn points with voters on the economy, in part due to expensive housing costs.
Categories: Real Estate

Forget a soft landing, there may be ‘no landing,’ economist says. Here's what that would mean for you

Real Estate CNBC - January 29, 2024 - 10:30am
The Fed is expected to announce no rate hike at the end of its two-day meeting. Now, the possibility of a 'no landing' scenario looks real, one economist says.
Categories: Real Estate