As the housing market cools down from its red-hot pandemic pace, Redfin economists foresee home prices flattening or rising modestly next spring. It would take more than just higher mortgage rates to send prices lower, says the brokerage’s chief economist. Redfin economists expect national home prices to be flat to 4% higher in the spring of 2023 compared with the year prior, due to slowing or negative economic growth and rising unemployment.
If you're looking to sell a home sometime soon, here's some good news: The housing market is still red hot, so if you list your home this summer, there's a good chance you'll find a buyer and end up with an offer you're happy with. Selling a home you have negative equity in is a bad thing -- it means you'll need your mortgage lender to agree to a short sale, which could negatively impact your credit score. By putting down 20%, you can avoid private mortgage insurance, a costly premium you'd probably rather avoid.
To better understand the ongoing housing cycle, let's take a closer look at how it does—and doesn't—look like a housing bubble.
Mortgage rates are cooling off after sharply rising. The hesitation is starting to show up in proprietary data, Rick Palacios Jr., head of research at John Burns Real Estate Consulting, told MarketWatch. “The consensus is most forecasters … are anticipating prices to either flatten and/or go down next year, especially in a lot of these way overheated markets like Boise,” Palacios said.
You’ve paid an ungodly amount for your house. You’ve also paid more than you can believe in closing costs. But if you are like the typical homebuyer, your spending isn’t over.
Just because you see something as an improvement doesn't mean a potential buyer will feel the same way.
Real-estate prices around the high desert national park nearly doubled during the pandemic. Bumper stickers there say: “Go back to L.A.”
Housing prices could drop by as much as 10% in many U.S. cities, per Fortune, referencing a new report from Moody's Analytics. However, the dip won't represent a national home price correction,...
With few homes on the market to buy in Florida, Realtors often have to convince owners to sell when their house fits a client's needs.
Competition for starter homes is intense. What's a buyer to do? Look to these cities to break into the real estate market.
A home's value is dependent on multiple factors, those that are tied to the property and external circumstances, like the state of the economy and capital markets. View: Best Cities To Retire on a...
From San Francisco to Chicago, and Atlanta to New York, bidding wars are erupting across the country as demand outpaces housing supply.
You can get a loan for a mobile home, but it may not be a mortgage. Learn more about your options for funding manufactured housing.
A rush to lock in low borrowing costs sparked the biggest rise in mortgage lending in eight months as the housing market defied rising interest rates and the cost-of-living crisis. Net mortgage lending leapt to £7.4bn in May, up from £4.2bn the previous month, despite a jump in interest rates for borrowers, new Bank of England data showed. Total mortgage approvals, an indicator for future borrowing, also held up much stronger than economists expected, rising slightly to 66,200 in May. Economists
*Cue me daydreaming about Kathleen Kelly's brownstone all day*View Entire Post ›
Real estate in general has long been a way for Americans to generate wealth. However, most Americans don't venture outside of their primary residence when it comes to investing in real estate....
Former Atlanta Braves player Larry “Chipper” Jones has listed his roughly 37-acre estate outside Atlanta for $15 million. The eight-bedroom, roughly 23,000-square-foot home is located in Canton, roughly 35 miles north of Atlanta, said listing agent Katie McGuirk of Ansley Real Estate, an affiliate of Christie’s International Real Estate. A Florida native, Mr. Jones paid $9.25 million for the house in 2018, according to property records.
This connection between investment performance and political diversity was discovered in a study by three finance professors: of Boston College, of Harvard Business School and of Washington University in St. Louis. The professors defined partisanship in a corporation “as the degree to which a single party dominates political views within the same executive team.” To determine the stock market’s attitude toward political diversity, or a lack thereof, the professors determined the party affiliations, as identified in voter-registration data, of the five most highly compensated executives in each firm.
The most powerful thing an investor can do is embrace the idea that they don't know what the future holds.
General Mills and Micron Technology declared dividend increases this week, and various large banks announced plans for their disbursements.