Browsing: mortgages
Even in a frozen housing market, some are living out the American dream by purchasing a home, getting a mortgage,…
‘Housing has hit rock bottom’: Top real estate CEO says high home prices are shutting people out of the market
Housing is complicated, but one thing is clear: It’s hard to buy a home right now. Let me paint a…
$3 trillion could be injected into the U.S. economy without any federal spending by tweaking this corner of the mortgage market, ‘Oracle of Wall Street’ says
The U.S. housing market is harboring the potential for unprecedented economic stimulus that wouldn’t require any federal spending, according to…
‘Almost impossible’: Janet Yellen despairs at housing market’s one-two punch for first-time buyers
It’s official: Home prices are up nearly 5% year-over-year in every major U.S. city, according to a Redfin report released…
Nearly half of all baby boomers couldn’t afford their current homes if they were to buy them today, survey finds
Home prices have doubled over the past decade, rising almost 50% in the last five years alone. And the cost…
Mortgage rates are on the up and up. The 30-year fixed-rate mortgage surged past 7% for the first time this…
The cost of owning a home is officially the highest on record, Redfin says. Here’s how bad it is out there
The average 30-year fixed mortgage rate reached 7.50% this week, the highest all year. It’s because of a “hotter-than-expected inflation…
The economy might be booming, but housing is in a recession: Top real estate CEO says he’s never seen anything like it in 20 years
Glenn Kelman is the chief executive of Redfin, a self-described technology-powered real estate company, a modern way to buy and…
Home prices skyrocketed 40% during the pandemic—but Zillow sees them rising less than 2% this year
In roughly two years during the pandemic housing boom, home prices rose more than 40%. Since then, home prices continued…
The only housing markets with fresh supply are those loaded with baby boomers who are unbothered by higher mortgage rates
Existing home sales fell to their lowest point in almost three decades last year, and a lot of that was…