Mortgage rates sink to the lowest level in a month, sparking more refinance demand
Mortgage rates dropped again last week, sparking a small jump in refinancing, but potential buyers were not impressed.
Categories: Real Estate
Home sellers start getting lower prices at 70, research shows — and the gap widens with age
Two factors contribute to older homeowners receiving less money at sale, according to new research: lack of upkeep and selling privately.
Categories: Real Estate
Realtors report a 'new housing crisis' as January home sales tank more than 8%
Home sales in January fell more than expected as mortgage rates didn't move much and consumer confidence dropped.
Categories: Real Estate
FHA mortgage demand rises as borrowers face affordability challenges
Total mortgage demand was flat last week, but FHA demand rose, as that product offers bigger savings.
Categories: Real Estate
Credit card debt tops $1.28 trillion — consistent with ‘K-shaped’ economic divide, New York Fed research shows
Collectively, Americans owe $1.28 trillion on their credit cards, according to a new report by the Federal Reserve Bank of New York.
Categories: Real Estate
Housing affordability package set to advance in Congress amid home-cost concerns
Wide-ranging legislation would reduce regulations for homebuilders while giving local governments incentives to streamline the building process.
Categories: Real Estate
A surprising share of homeowners have high mortgage rates. Here's the breakdown
About 20% of borrowers have mortgages with a rate over 6%.
Categories: Real Estate
Rough winter weather hits homebuyers, tanking mortgage demand
Mortgage demand dropped sharply last week, even though interest rates moved slightly lower. The culprit was likely the recent winter storm.
Categories: Real Estate
How one country is engineering its way out of a construction cost crisis
While a building boom is good for the economy, it presents challenges, with construction costs in Singapore consistently ranked among the highest in the world.
Categories: Real Estate
December CRE deal volume sinks further, but office is a surprising bright spot
The recovery in office has been swelling, as return-to-office orders and a boom in AI employment counter the pandemic-driven narrative that office is over.
Categories: Real Estate
Camden CEO on why he’s seeing ‘huge’ investor demand for apartment buildings
Investor interest in the multifamily housing sector is strengthening even as rental demand falls back.
Categories: Real Estate
As American retail store anchors fade, private clubs are taking over more commercial real estate
Affluent consumers are key to retail centers as the K-shaped economy hits lower-end shoppers hard, and that's leading the private club concept to more cities.
Categories: Real Estate
Housing affordability isn't just hurting buyers: More homeowners are falling behind on their mortgages
While the overall share of delinquencies among all mortgages remains small, the growth is occurring faster than late payments for other types of consumer loans.
Categories: Real Estate
Apartment rents just dropped to the lowest level in 4 years
Apartment rents are falling sharply due to weaker economic conditions and growing job losses.
Categories: Real Estate
Fed holds interest rates steady: What that means for mortgages, credit cards and loans
From mortgage rates and auto loans to credit cards and savings accounts, here's a look at how the January Fed decision could affect your finances.
Categories: Real Estate
Mortgage demand drops 8.5%, as interest rates swell to the highest level in 3 weeks
Mortgage rates rose last week, causing a large drop in demand for refinances. Homebuyer demand was essentially flat.
Categories: Real Estate
Homebuyers are backing out of deals at the fastest pace in nearly a decade
More than 16% of signed contracts on homes in December were canceled, as consumers face continued uncertainty in the economy and rising inventory.
Categories: Real Estate
New AI tool from Fundrise brings high-level CRE analysis to the public
Fundrise's co-founder and CEO, Ben Miller, says the new tool goes far beyond what more generalized AI, like ChatGPT, can offer.
Categories: Real Estate
Trump's 'not a huge fan' of using 401(k) money to buy a home. Financial advisors aren't, either
President Donald Trump said he's not in favor of using 401(k) money to buy houses, despite one of his top economic advisors saying such a plan was in the works.
Categories: Real Estate
Fed is likely to hold interest rates steady, resisting Trump pressure. Here’s what that means for borrowers
From mortgage rates to auto loans and credit cards, here’s a look at how the upcoming January Fed decision may affect your finances.
Categories: Real Estate