Real Estate

The Federal Reserve holds interest rates steady, offers no relief from high borrowing costs — what that means for your money

Real Estate CNBC - 2 hours 41 min ago
The Federal Reserve pushed out rate-cut expectations — here's what that means for your credit card, mortgage rate, auto loan and savings account.
Categories: Real Estate

How to make your home hurricane resistant, as scientists predict an 'extremely active' storm season

Real Estate CNBC - 7 hours 36 min ago
Upgrades could help consumers protect their home, typically one of their most valuable assets, from hurricanes and other natural disasters.
Categories: Real Estate

Saudi Arabia says all NEOM megaprojects will go ahead as planned despite reports of scaling back

Real Estate CNBC - 9 hours 50 min ago
"For NEOM, the projects, the intended scale is continuing as planned. There is no change in scale," Saudi Economy Minister Faisal Al Ibrahim told CNBC.
Categories: Real Estate

Demand for riskier adjustable-rate mortgages hits highest level of the year, due to rising rates

Real Estate CNBC - 9 hours 58 min ago
The share of ARM applications rose to 7.8% of mortgage demand last week, according to the Mortgage Bankers Association. That is the highest level of the year.
Categories: Real Estate

Consumer Confidence Retreats in April

RisMedia Consumer News - April 30, 2024 - 12:02pm

Consumers have been feeling the waves of unrest in the economy, with mortgage rates now back up above 7% and the PCE index—the Fed’s favorite measure of inflation—up by 2.8% year-over-year. Consumer confidence fell significantly in April, dropping from 103.1 in March to 97, according to the latest data from The Conference Board.  After the…

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Categories: Real Estate

Home prices soar even higher in February, despite higher mortgage rates, says S&P Case-Shiller

Real Estate CNBC - April 30, 2024 - 9:44am
It marked another increase after the prior month's annual gain of 6%, and the fastest rate of price growth since November 2022.
Categories: Real Estate

Energy-Efficient Home Improvements Worth Doing

RisMedia Consumer News - April 29, 2024 - 3:44pm

In today’s eco-conscious environment, energy efficiency isn’t just a buzzword—it’s a property’s standout feature. As a real estate agent, I witness first-hand how homeowners and buyers prioritize sustainability, driving demand for green improvements. This shift isn’t just ethical; it’s economical. Investments in energy-efficient home improvements, such as window replacements, insulation upgrades, solar panels and Energy…

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Categories: Real Estate

As home sellers, buyers wait on a Fed cut, here's how mortgage rates have impacted the spring housing market

Real Estate CNBC - April 29, 2024 - 3:28pm
While some buyers have come to terms with 7% interest rates, the rate volatility is the factor with the biggest impact, an economist says.
Categories: Real Estate

New home sales inch higher despite 7% mortgage rates: 'There's more opportunity,' economist says

Real Estate CNBC - April 26, 2024 - 1:38pm
Buyers are highly considering newly built homes amid a shortage of available homes in the U.S. Here's what this means and where prices are standing.
Categories: Real Estate

The Impact of Liens on Real Estate Sales

RisMedia Consumer News - April 25, 2024 - 2:21pm

A property lien is not just a term but a significant factor that can influence the outcome of home sales. Essentially, a lien is a legal claim or right against a property instituted by a creditor to secure debts or obligations owed by the homeowner. Its presence is a critical aspect that both buyers and…

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Categories: Real Estate

Wallpaper Removal Cost Guide: DIY vs. Professional Removal

RisMedia Consumer News - April 22, 2024 - 2:54pm

Removing wallpaper can rejuvenate or transform any space. Whether you’re updating your home’s look or preparing to put your house on the market. However, deciding between embarking on a DIY project or hiring professionals involves more than just time and effort. It’s also about understanding the costs involved. I will share my knowledge of the…

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Categories: Real Estate

Luxury real estate prices just hit an all-time record

Real Estate CNBC - April 22, 2024 - 2:44pm
Luxury real estate sales increased more than 2%, posting their best year-over-year gains in three years, according to Redfin.
Categories: Real Estate

Here's why FEMA has spent about $4 billion to help destroy flood-prone homes

Real Estate CNBC - April 22, 2024 - 6:05am
Floodplain buyouts allow homeowners to move out of harm's way and help the community create open space that can collect flood waters to protect other homes.
Categories: Real Estate

Homeownership isn't for everyone, money coach says: Don't fall for artificial 'pressure to buy'

Real Estate CNBC - April 20, 2024 - 8:30am
Latina financial expert Jannese Torres, host of the "Yo Quiero Dinero" podcast, discusses what she has learned about certain milestones such as homeownership.
Categories: Real Estate

Mortgage rates are now at the highest level of the year, and could still climb

Real Estate CNBC - April 18, 2024 - 4:49pm
The average rate on the popular 30-year fixed mortgage sits around 7.5%, the highest level since mid-November of last year, according to Mortgage News Daily.
Categories: Real Estate

Understanding the Importance of Septic Inspections as a Buyer and Homeowner

RisMedia Consumer News - April 18, 2024 - 3:20pm

Septic tank inspections are crucial for any homeowner considering the purchase of a house with a septic system. I will cover the inspection process, identify who should perform it and explain its importance. A septic system handles a home’s wastewater, making its condition vital for property value and health standards. Inspections can prevent future expenses…

The post Understanding the Importance of Septic Inspections as a Buyer and Homeowner appeared first on RISMedia.

Categories: Real Estate

S&P 500 gives up its earlier gains — but Meta bucks the trend as new AI model debuts

Real Estate CNBC - April 18, 2024 - 2:39pm
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
Categories: Real Estate

March homes sales dropped despite a surge in supply. Here's why.

Real Estate CNBC - April 18, 2024 - 1:29pm
The median price of an existing home sold in March was $393,500, up 4.8% from the year before.
Categories: Real Estate

Here are some tips for homebuyers to save on costs with newly built homes, experts say

Real Estate CNBC - April 18, 2024 - 10:53am
While the cost of a new house depends on multiple factors, the sticker price might jump on the finishes you add, an advisor says. Here's how to cut costs.
Categories: Real Estate