Industry News
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...
Echoes of the Great Recession: Is Mortgage Lending Becoming Riskier Again?
In the wake of the devastating housing crash of the late aughts—and the Great Recession it helped trigger—protections were put in place. Bad mortgages were scuttled. Lenders became far choosier on who could qualify for loans. Laws were passed to ensure the world’s...
Buying New Construction? How Rising Mortgage Rates Can Add Thousands to Your Loan
Woo-hoo! You’ve decided to buy a new-construction home in a pretty, woodsy development, complete with that never-been-lived-in smell. But we’re here with a reality check to make sure you keep your money in your pocket where it belongs. Because even if you locked in a...
The Fastest-Growing Cities Are in Just 2 States. Can You Guess Which Ones?
The nation’s fastest-growing cities are more like popular suburbs located just outside of the hottest real estate markets. And they are all clustered in just two states: Texas and Arizona. During the height of the COVID-19 pandemic, smaller cities just beyond the city...
Expired! 6 Surprising (and Concerning) Household Items That Actually Go Bad
It turns out, milk isn’t the only thing that can turn sour in your home. Besides all the obvious food items that can go bad and wreak havoc in your kitchen, a surprising number of household items can (and do) expire, often without any clear signs that they are past...