For first-time buyers who are determined to become homeowners, there are a few ways to save money and lower mortgage payments.
The post On the House: 10 Ways To Save Money on Buying a Home Today appeared first on Real Estate News & Insights | realtor.com®.
Category: higher mortgage rates
An Up-Close and Uncomfortable Look at the Housing Market’s ‘Inventory Crunch’
Everyone took a vacation this August—including would-be home sellers willing to put out a “For Sale” sign.
The post An Up-Close and Uncomfortable Look at the Housing Market’s ‘Inventory Crunch’ appeared first on Real Estate News & Insights | realtor.com®.
Mortgage Rates Spike, Sparking Fears They Could Hit 8% or Beyond This Year
Rates averaged 7.09% in the past week, making this the highest they’ve been since April 2002, according to Freddie Mac data.
The post Mortgage Rates Spike, Sparking Fears They Could Hit 8% or Beyond This Year appeared first on Real Estate News & Insights | realtor.com®.
‘The Housing Market Is in Gridlock’—and Why It’s Not Getting Better or Worse
The housing market is like a car stuck in the mud. It’s not sinking any further into the muck, but it can’t escape it either.
The post ‘The Housing Market Is in Gridlock’—and Why It’s Not Getting Better or Worse appeared first on Real Estate News & Insights | realtor.com®.
Inflation Ticks Up—Does That Mean Mortgage Rates Will Follow?
Inflation was running at 3.2% in July. Does that mean the Fed will hike rates again and mortgage rates will surge?
The post Inflation Ticks Up—Does That Mean Mortgage Rates Will Follow? appeared first on Real Estate News & Insights | realtor.com®.
The Housing Shortage Hits Crisis Levels: What Homebuyers, Sellers Need To Know Before Making a Move
The nation is in the clutches of the largest housing shortage it’s ever experienced—resulting in high home prices and bidding wars.
The post The Housing Shortage Hits Crisis Levels: What Homebuyers, Sellers Need To Know Before Making a Move appeared first on Real Estate News & Insights | realtor.com®.
Mortgage Rates Are About 7%. Are They Coming Down Anytime Soon?
Homebuyers watching mortgage rates climb above 7% should buckle up. However, they probably won’t enjoy this ride.
The post Mortgage Rates Are About 7%. Are They Coming Down Anytime Soon? appeared first on Real Estate News & Insights | realtor.com®.
Amazingly, 2023 Is Not the Most Unaffordable It’s Ever Been To Buy a Home—Not Even Close
Buying a home today might seem like the most unaffordable it’s ever been. However, the baby boomers had it worse.
The post Amazingly, 2023 Is Not the Most Unaffordable It’s Ever Been To Buy a Home—Not Even Close appeared first on Real Estate News & Insights | realtor.com®.
Just How Hot Will This Summer’s Housing Market Get?
High home prices and mortgage rates aren’t the only problems plaguing this summer’s housing market. This persistent issue is even worse.
The post Just How Hot Will This Summer’s Housing Market Get? appeared first on Real Estate News & Insights | realtor.com®.
State of the Nation’s Housing: Fewer First-Time Buyers Can Compete in Today’s Pricey Market
Nearly 2.5 million households, including many first-time buyers, have been priced out of homeownership in the past year, says a new report.
The post State of the Nation’s Housing: Fewer First-Time Buyers Can Compete in Today’s Pricey Market appeared first on Real Estate News & Insights | realtor.com®.