The numbers: Construction on new houses fell 4.2% in October as high mortgage rates scared off buyers and forced builders to scale back, a situation that’s likely to fester through 2023. Read more
Tag: Buying/Selling a Home
Homeowners can check a property’s flood, heat and wildfire risk for free
What if before you lay down thousands for a downpayment or sign a 30-year mortgage in today’s uncertain housing market you had a clearer idea of the flooding, extreme heat Read more
Who really suffers when interest rates rise?
The Federal Reserve is raised interest rates by 75 basis points on Nov. 2 for the fourth consecutive time in its efforts to cool a hot economy. Federal Reserve Chairman Read more
Want to make your vote count more in the midterms? Register at your vacation home address
This article is reprinted by permission from The Escape Home, a newsletter for second homeowners and those who want to be. Subscribe here. © 2022. All rights reserved. The first Read more
A home buying tactic from the ’70s and ’80s is seeing a revival—here’s how it works and what buyers and sellers get out of it
Home buyers are looking for ways to whittle down their mortgage rates. As a result, a once-popular home-selling tactic is making a comeback. It’s called a temporary buydown, and it Read more
Home buyers are looking a lot older — and whiter
The characteristics of first-time home buyers are shifting as homeownership grows more unaffordable and out of reach for many, the new annual report says. The share of first-time buyers in Read more
‘Incentives come in many forms’: Here are ways to lower your mortgage rate, according to this mortgage company CEO
Mortgage rates are double where they were a year ago, making home buying a much more costly endeavor. Home sellers are trying to help them out. Buyers are not feeling Read more
Don’t make this big mistake as your house hunt drags on
As mortgage rates continue their stomach-turning rise and serious shoppers compete for a limited supply of homes, would-be home buyers may be struggling to make a successful offer before their Read more
There are 40 million renters in America. Their ‘political mobilization’ could influence the midterm elections.
Forty-four million households rent in the United States — but are politicos treating those tenants as an influential voting bloc? Renters have historically been less likely to vote when compared to Read more
Home buyer demand sees ‘significant decline’ and it’s unclear when that will change, M/I Homes says
M/I Homes Inc. reported third-quarter profit and revenue that rose to record levels, as a 13% increase in average sales prices helped offset a “significant decline” in home buyer demand. Read more