Redfin CEO Glenn Kelman joins ‘Cavuto: Coast to Coast’ to discuss the state of the housing market after sales of existing homes fell for a ninth consecutive month in October. Editor’s Note: Richard “Monty” Montgomery writes a real estate advice column for Creators Syndicate. He is the author of “Money from Home: An Insider’s Secrets …
Here’s how to build a brand new home in 23 steps Read More »
Christine and Michael Hawkins in their recently purchased condo in Canoga Park. The Hawkins took out a mortgage at the peak of their budget and planned to refinance when rates fell. Now they fear that they will not be able to refinance. (Mel Melcon/Los Angeles Times) Soaring mortgage interest rates threatened to crush Michael and …
As home prices fall, Southern Californians who bought at the high are nervous Read More »
Soaring mortgage interest rates threatened to crush Michael and Christine Hawkins’ dream of home ownership. But this fall, when the couple saw a Canoga Park condo languishing on the market, they hatched a plan. They would submit a “low ball” offer that they could accept if they reduced their vacations, shopping and dining out. In …
As home prices fall, Southern Californians who bought at the high are nervous Read More »
The reason why home prices in the United States are falling is quite simple: Affordability under pressure. A historic shock to mortgage rates – with the average 30-year fixed mortgage rate rising from 3% to 6% this year – following the 41.3% surge in US house prices in just over two years has simply pushed …
Home sellers should brace for a tough year ahead, with a real estate group predicting that property sales could fall in 2023 as more buyers are sidelined by rising mortgage rates and house prices out of reach. The number of homes sold will likely plunge 14.1% to 4.53 million homes, the lowest number of real …
Home sales could plunge in 2023. These cities could experience the biggest declines. Read More »
Americans looking to buy a home next year can expect less competition, more home choices and the highest average mortgage rates in nearly two decades. Here’s what they can’t expect: a general drop in prices that would relieve buyers of overpriced homes. That’s the main takeaway from Realtor.com’s 2023 real estate forecast released Wednesday. The …
Home prices are expected to continue to rise next year: Here’s where Read More »
RALEIGH- Inflation is sky-high, mortgage interest rates have skyrocketed this year, and there are signs that national and state economies are deteriorating. But that doesn’t discourage the sale of mansions and estates priced above $2.5 million in the Triangle and Triad regions. Since July 1, 29 homes have sold for more than $2.5 million, with …
Triangle Luxury Home Sales Not Slowing | WRAL Tech Wire Read More »
RALEIGH- Inflation is sky-high, mortgage interest rates have skyrocketed this year, and there are signs that national and state economies are deteriorating. But that doesn’t discourage the sale of mansions and estates priced above $2.5 million in the Triangle and Triad regions. Since July 1, 29 homes have sold for more than $2.5 million, with …
Triangle Luxury Home Sales Not Slowing | WRAL Tech Wire Read More »
House prices fell for a third straight month in September amid a rapidly cooling housing market. The longest streak of monthly declines in a decade is due to a soaring mortgage rateswhich were encouraged by the Federal Reserve in order to stop inflationary pressures throughout the economy. As a reminder, the S&P CoreLogic Case-Shiller National …
Home prices are falling again: what the experts say Read More »
American retirees who would rather age in place than live in a nursing home or assisted living facility will need a lot of money to pay for it. It’s not a problem for the rich. For everyone else, you need long-term care insurance or some other way to cover the cost of home help, equipment, …
No long term care insurance? 5 more ways to plan ahead for aging at home in retirement Read More »
