Industry News
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...
Homeowner Groups Seek to Stop Investors From Buying Houses to Rent
Small groups of neighborhood volunteers are blocking companies from buying single-family homes, rewriting homeownership rulebooks to thwart investor purchases of suburban housing. These groups, called homeowner associations, spend much of their time enforcing rules...
Electric Shocks: The U.S. Cities Where People Are Spending the Most—and the Least—on Energy Bills
Climate change seems like an abstract concept—albeit an existentially scary one—to many Americans. What’s less abstract is skyrocketing energy costs. That all-too-tangible burden is something more homeowners are dealing with each month in the face of colder winters...
How Russia’s Invasion of Ukraine Is Already Rippling Through the U.S. Housing Market
Russia’s deadly invasion of Ukraine has set much of the world on edge, with many fearing this could become the largest conflict since World War II. Russian airstrikes battering Ukrainian cities and bases have already roiled financial markets around the globe, rippling...
Yikes! 6 Surprising Problems First-Time Homebuyers Often Overlook
First-time homebuyers may be the ones who use the term “dream house” the most. And they may also be the ones who then wake up in their new home and ask, “What was I thinking?!” about the property they bought. Or, more accurately, “not thinking.” Real estate rookies...
Good News for Buyers? New-Home Construction Activity Increases, Amid a Surge in Building Permits
The numbers: U.S. home builders started construction on homes at a seasonally-adjusted annual rate of roughly 1.7 million in December, representing a 1% increase from the previous month, the U.S. Census Bureau reported Wednesday. Compared with December 2020, housing...
Last Summer’s Breakneck Pace of Home-Price Growth May Finally Ease as Mortgage Rates Rise
The numbers: The S&P CoreLogic Case-Shiller 20-city price index posted a 18.3% year-over-year gain in November, down slightly from 18.5% the previous month. On a monthly basis, the index increased 0.9% between October and November. Meanwhile, the Case-Shiller...