Industry News
5 Reasons This Isn’t a Repeat of the 2008 Housing Crash
Many homeowners are still haunted by the 2008 housing crash when property values collapsed, and foreclosures spiked. The memory of sudden catastrophe at a time when the real estate market had been riding high may help explain why 41% of Americans say they now fear a...
Home Prices Fall and Listings Rise. Is It a Good Time to Buy Despite Rates?
As the housing market barrels toward the end of the year and all of its holiday trimmings, potential homebuyers are likely wondering what’s in store for the coming season. Home shoppers looking for lower asking prices can officially check that off their wish list....
Mortgage Rates Dip Further, So Why Are Homes Prices Still So High?
With Thanksgiving behind us and much Christmas merriment ahead, one might presume that home shoppers have shelved their house hunt until the new year. But no, the housing market is as hopping as ever—and even full of surprises of late. “Housing data in the week that...
Don’t Get Duped! 5 Common Real Estate Scams and How To Avoid Them
What’s one thing buyers, sellers, renters, and landlords all have in common? They can all fall victim to a real estate scam. In fact, home-related hoaxes are on the rise. Losses from real estate cybercrimes have gone up nearly as fast as home prices—totaling more than...
Is the U.S. Federal Reserve Trying To Bludgeon the Housing Market?
The housing market has been on fire for the past two years as home prices shot up into the stratosphere. Now the U.S. Federal Reserve is trying to bring them back down to Earth, part of its avowed war against the nation’s runaway inflation. But it’s using a move that...
Rents Fell for the First Time in Over a Year, but Renters Shouldn’t Get Too Excited
There’s no question that rental prices remain near record highs across the nation. But the worst may be over for many shell-shocked tenants who have been hit with significant rental hikes.The median rent in the top 50 metropolitan areas fell for the first time in...
Mortgage Rates Fall to 5.3%, Continuing Volatile Stretch
Mortgage rates fell after rising for two straight weeks, another indication that recession concerns are impacting the U.S. housing market. The average rate on a 30-year fixed-rate mortgage dropped to 5.3%, mortgage-finance giant Freddie Mac said Thursday. That is down...
The 10 Best—and Most Affordable—Places to Retire in America, 2022 Edition
After a lifetime of hard work, two-plus years of dealing with COVID-19, and the current uncertain stretch of economic rockiness right around the curve, many older adults are chomping at the bit to exit the 9-to-5 hustle. Pronto. But, for more Americans, the idea of...
Rental Prices Are Smashing Records—but a Big Change Appears To Be Looming
Rents continued their unprecedented surge upward in June—but there are signs that it won’t last forever. The median rent across the 50 largest metros climbed 14.1% year over year, to a median of $1,876, setting the record for highest rent ever tallied by Realtor.com®...
Mortgage Rates Continue To Inch Upward Amid ‘Sluggish’ Housing Market
The 30-year fixed-rate mortgage averaged 5.54% as of July 21, according to data released by Freddie Mac on Thursday. That’s up 3 basis points from the previous week—one basis point is equal to one hundredth of a percentage point, or 1% of 1%. The average rate on the...