Why your 'fixed' mortgage payment keeps going up
Rising property taxes and surging homeowners insurance costs are pushing up the amount that homeowners must pay monthly alongside their mortgage.
Categories: Real Estate
Mortgage rates jump to highest level since March on hotter inflation reports
Mortgage rates surged to the highest level since March in reaction to two hotter-than-expected inflation reports.
Categories: Real Estate
Mortgage rates move to highest level in 5 weeks, but homebuyers shake it off
Mortgage rates continued to climb higher, but stronger homebuyer demand helped to keep mortgage applications in positive territory.
Categories: Real Estate
New York City Mayor Zohran Mamdani's pied-à-terre property tax is moving ahead. But will it work?
New York is moving ahead with a pied-à-terre property tax in its budget. Existing taxes from around the world's major cities show the limits of the policy.
Categories: Real Estate
Credit card debt dips to $1.25 trillion — but maintains ‘K-shaped’ pattern, New York Fed research shows
Collectively, Americans owe $1.25 trillion on their credit cards, according to a new report by the Federal Reserve Bank of New York.
Categories: Real Estate
April home sales disappoint as higher mortgage rates weigh on buyers
Home sales barely moved in April, as mortgage rates shot higher the month before and uncertainty over the war with Iran weighed on consumers.
Categories: Real Estate
The wealthy keep buying Manhattan real estate despite potential pied-à-terre tax
Real estate sales in Manhattan worth $4 million or more increased in the past month, according to Olshan Realty.
Categories: Real Estate
Tiny data centers may be coming into the homes of Americans in the future
As public support for large-scale data center buildouts declines across the U.S., a new type designed to operate inside individual homes is coming.
Categories: Real Estate
Warsh's take on Fed independence is met with confusion and some concern
Fed chair nominee Kevin Warsh is putting his own spin on the independence of monetary policy. Many former Fed officials aren't sold.
Categories: Real Estate
Mortgage rates hit the highest level in a month, causing first-time homebuyers to drop out
Mortgage rates rose last week, causing loan demand to drop back and causing the average loan size to rise — indicating that lower-income borrowers dropped out.
Categories: Real Estate
Mortgage lenders now have more credit score options. What homebuyers should know
Lenders are beginning to use VantageScore 4.0, which factors in consumer data not currently considered in the score that's been used with mortgages for decades.
Categories: Real Estate
Office demand rebounds to highest level since Covid pandemic began
In the first quarter of this year, new in-person and virtual office tours reached their highest level since the pandemic began, per the VTS Office Demand Index.
Categories: Real Estate
Mortgage rates surge to nearly four-week high as Iran headlines impact markets
Negative headlines on the Iran war pushed bond yields higher, and mortgage rates followed.
Categories: Real Estate
Fed holds interest rates steady: Here's what that means for credit cards, mortgages, car loans and savings rates
From mortgage rates to auto loans and credit cards, here’s a look at how the Fed's April interest rate decision may affect your wallet.
Categories: Real Estate
Mortgage rates are rising again, but homebuyers are trickling back
Mortgage rates rose last week after several weeks of declines. That took a toll on refinance demand, but homebuyers seem more resilient.
Categories: Real Estate
Fed is likely to hold rates steady — here's how that impacts consumer costs
The Federal Reserve's April meeting, potentially Jerome Powell's last as chair, may impact many consumer borrowing and savings rates.
Categories: Real Estate
New York's pied-a-terre tax sets up legal fight over values
NYC's property tax system undervalues co-ops and condos, so experts said the city will have to come up with a new system for valuing high-end second homes.
Categories: Real Estate
What $1 million buys you in real estate around the world
Luxury real estate in most major markets around the world continues to become more expensive, as the wealthy grow wealthier and more mobile.
Categories: Real Estate
Mortgage rates sink again, and homebuyers jump back in
Mortgage demand continues to rebound as rates move slightly lower.
Categories: Real Estate
Sen. Warren rips Federal Reserve chair pick Kevin Warsh: 'You have learned nothing from your failures'
Kevin Warsh's nomination as chair of the Federal Reserve has been in limbo because of a criminal investigation of Chair Jerome Powell.
Categories: Real Estate