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Mortgage refinance activity plummeted to record lows in 2023 after interest rate hikes. Here are three signs to help you decide when refinancing makes sense.

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 7.01% from 6.91%.

China needs to convince people that home prices are on their way up in order for growth to pick up, said Richard Koo, chief economist at Nomura.

Newly built homes often come with a buffet of perks from the building company. However, first-time owners often face a property tax shock after the first year.

Despite continued pessimism surrounding mortgage rates, home buyers and sellers are feeling a bit more confident in the housing market lately, according to recent data from Fannie Mae. The latest Fannie Mae Home Purchase Sentiment Index® (HPSI) decreased 0.9 points in March to 71.9, its first decline since November 2023. The slight decrease is mainly…

The post People May Finally Be Adjusting to Higher Mortgage Rates appeared first on RISMedia.

There are 550 American cities where the typical home is valued at $1 million or more, a new record high, according to a new analysis by Zillow. Here's why.

Selling a home is more than a financial transaction; it’s an emotional journey. This process can stir up feelings, from excitement about prospects to sadness over leaving memories behind. Understanding and managing these emotions is crucial for staying motivated and positive. I will examine the psychological aspects of selling a home. You will see my…

The post The Psychological Aspects of Selling a Home: How to Stay Positive and Motivated appeared first on RISMedia.

When buying and selling real estate, the appraisal is pivotal. It’s an expert’s objective estimation of a home’s worth and serves as a cornerstone for financial decisions in real estate transactions. However, a low appraisal can disrupt the whole process and lead to complications for buyers, sellers, Realtors, and lenders. I will examine the ramifications…

The post The Impact of Low Appraisals on Home Sales and Mortgages appeared first on RISMedia.

China's real estate troubles are likely far from over and industry problems need to be addressed quickly for GDP growth to rise significantly, according to KKR.

The Biden administration moved this week to limit how much rent can rise in certain affordable housing units across the country.

Mortgage rates didn't move much last week, and for the second week in a row, neither did mortgage demand.

February 2021 was the last month when households earned more money than they needed to afford a home. While the deficit shrunk, costs remain high for buyers.

The average homeowner with a near record-low mortgage rate would see their monthly payment shoot up 132% in order to move up to a 25% more expensive home.

One of the main drivers of high housing costs is low supply. Cities in this state are boosting supply, helping push rental prices down.

The usually busy spring housing market is underway, but mortgage demand isn't moving.

Two luxury apartments in New York allegedly were bought with proceeds from improperly awarded copper contracts related to a huge mine in Mongolia.

Adam Neumann has submitted an unsolicited bid in excess of $500 million to acquire WeWork out of bankruptcy, a person familiar with the matter told CNBC.

Consumer confidence saw little movement in March, falling slightly from 104.8 in February to 104.7, according to the latest data from The Conference Board. This follows a large drop in February, which was a shock after January’s two-year high. “Confidence rose among consumers aged 55 and over but deteriorated for those under 55,” said Dana…

The post Consumer Confidence Sees Little Change in March appeared first on RISMedia.

Pacaso lists shares of vacation homes, generally an eighth but sometimes larger shares, and then facilitates the purchase, including financing if necessary.

The Biden campaign salvo came after a judge set a date for Trump's criminal hush money trial, and after another court cut his civil fraud bond to $175 million.