Business News
Mortgage Rates Hit Their Lowest Level Since 2022. Here’s What That Means for Home Buyers and Sellers.
Mortgage rates have dropped under 6% for the first time since 2022.
By Sherin Shibu
Mortgage rates
Business News
Mortgage Lenders Are Checking Your LinkedIn to ‘Get a Clearer Picture’ of Potential Borrowers
Some lenders are turning to social media sites to better understand (and fact-check) their applicants.
By Sherin Shibu
Business News
There’s One Week a Year Where Home Sellers Can Get $27,000 More than Usual — And It’s Coming Up Soon
A report from Realtor.com found the one week of the year when market conditions were perfect for home sellers to make the most money from their listings.
By Sherin Shibu
Business News
The Fed Just Cut Rates for the Third Time This Year. Here’s How It Will Affect Mortgage Rates, According to a 40-Year Veteran of the Real Estate Industry
The target range for the federal funds rate is now 4.25% to 4.5%.
By Sherin Shibu
Business News
Barbara Corcoran Says This Is the Interest Rate Magic Number That Will Make the Market ‘Go Ballistic’
Corcoran said she praying for lower interest rates and people are "tired of waiting."
By Sherin Shibu
Business News
Barbara Corcoran Says This Is the One Question to Ask Before Selling Your Home
Barbara Corcoran sold The Corcoran Group in 2001 for $66 million.
By Sherin Shibu
Business News
A Fed Rate Cut Finally Happened For the First Time in 4 Years. Here’s How the Decision Will Affect Your Wallet.
The Federal Reserve gave its decision on Wednesday at 2 p.m. ET.
By Sherin Shibu
Brick & Mortar
The Average American Can’t Afford a House in 99% of the U.S. — Here’s a State-By-State Breakdown of the Mortgage Rates That Tip the Scale
A new report from global business services company Flatworld Solutions reveals the disparity across the country.
By Amanda Breen
Business News
The ‘Silver Tsunami’ Meets ‘Golden Handcuffs’ as Past Low Mortgage Rates Lock in Homeowners — Whether They Like It or Not
The resulting lower supply of homes, and population growth outpacing construction, has led to a 7.2 million home shortage.
By Sherin Shibu
Business News
Home Prices Are Sky-High in California and New York — But People in Another State Have to Save the Longest to Buy
Soaring mortgage rates amid inflation have kept prospective buyers across the U.S. at bay.
By Amanda Breen
Business News
A ‘Silver Tsunami’ Is About to Upend the Housing Market, Says Analyst Who Accurately Predicted the 2008 Financial Crisis
A rash of Baby Boomers nearing retirement are expected to start downsizing next year.
By Amanda Breen
Business News
Falling Home Depot Sales Are Typically Bad News for the Housing Market — But Warren Buffett’s Recent Move Reveals Another Striking Development
Millions of U.S. homeowners can't afford to give up their current mortgage rates.
By Amanda Breen
Business News
Housing Is Less Affordable Now Than at the Peak of the 2008 Housing Bubble
New data found that the average American would need to spend 42.9% of their income to afford a median-priced house.
Business News
Mortgage Interest Rates Fall to Lowest Level Since September, Mortgage Demand Rises
For the third week in a row, mortgage interest rates fell, triggering a 7% increase in mortgage applications.
Brick & Mortar
How Does Inflation Affect Real Estate? Here’s What You Need to Know.
With so much speculation regarding the forecast of America's economy and how inflation rates will change, those in the property market need to know how inflation can affect the real estate sector.