By Lisa Johnson Mandell Aug 11, 2023 Mortgage rates rose for the third week in a row, dashing homebuyers’ hopes that real estate might become a bit more affordable near summer’s end. Interest rates for a 30-year fixed-rate mortgage averaged 6.96% for the week ending Aug. 10, according to Freddie Mac. That’s up significantly from a year […]
By Clare Trapasso Aug 14, 2023 There’s a rumor going around that the housing market has bottomed out—and there’s nowhere for it to go but back up. However, while the real estate experts that Realtor.com® spoke with acknowledged the market isn’t getting any worse, it’s not getting any better either. It’s like a car stuck in […]
By Clare Trapasso Jul 10, 2023 Yes, we’ve all heard it. Buying a home today might seem like the most unaffordable, and therefore impossible, it’s ever been. Home prices are near record levels, pushed up by bidding wars erupting on anything well-situated and move-in ready. Plus, mortgage rates are nearing 7%. But here’s the thing: The baby boomers had it […]
By Devin Meenan Ask any real estate professional about the macroeconomic challenges they’re facing today, and you’ll get an answer including both “inflation” and “interest rates.” As the former one grows, the latter does, too. The Federal Reserve’s latest meeting on July 27 saw the board raise interest rates another 25 basis points. This came despite them […]
By Sally Jones Jul 18, 2023 The housing market has been decidedly stuck of late. Sellers with low mortgage rates are holding on to their homes, leaving buyers with scant listings to choose from. And buyers who do find a house face substantial economic challenges as median home prices and mortgage rates remain high. With sellers […]
By Clare Trapasso Jul 6, 2023 As the mercury rises, will the housing market heat up—or continue to slump? The story of the housing market over the past year or so has been how rising mortgage interest rates have decimated affordability, sidelining and pricing out would-be homebuyers. However, higher rates have led to an even larger problem: a […]
Freddie Mac has announced the launch of a new feature to the underwriting process, designed to increase homeownership opportunities. Underwriting will now include a review of a borrower’s bank account data to identify a history of positive monthly cash flow activity as part of its technology’s loan purchase eligibility assessments, the company stated. The new feature […]
A bathroom remodel is a great way to increase the value of your home and make it more enjoyable to live in. But with so many different styles to choose from, it can be hard to decide which one is right for you. Here are five popular bathroom styles to help you narrow down your […]
As escalating mortgage rates and home prices shrink the pool of buyers, help your sellers understand why they’ll likely need to readjust their expectations. June 21, 2022 by Melissa Dittmann Tracey Key takeaways: Home sellers had gotten used to setting sky-high asking prices, and voracious buyers were eagerly bidding them up even higher—until now. As the […]
The roof is one of the most crucial parts of your home, and it’s important to keep it in good shape. Unfortunately, roofs can be susceptible to a variety of problems, which is why it’s important to know how to spot them. Here are four common roofing problems and how to spot them. Shingle DamageOne […]