Homebuyers continue to be saddled with high mortgage rates, which have been hovering close to 7%. However, mortgage applications have ticked up 12.5% for the week ending June 6 after three straight weeks of declines.  And when the time comes to close the deal, homebuyers need to be prepared to bring money to the table—and they’ll pay […]

For the past several years, home sellers have been in the driver’s seat, able to command high prices for homes, often selling quickly and with multiple offers.  Times appear to be changing. According to data recently released by Redfin, nationally there are currently 500,000 more home sellers than homebuyers.  While somewhat surprisingly, this has yet […]

Stubbornly high mortgage rates, elevated home prices, and heightened economic uncertainty have sidelined many potential homebuyers. However, a new survey revealed that millennials are planning to forge ahead amid these market headwinds. Nearly 1 in 4 millennial respondents indicated that they plan to buy a home in the next six months, up from just 15% in […]

The U.S. House of Representatives passed a long-anticipated tax reform package, the One Big Beautiful Bill Act, early Thursday morning that included several major victories for members of the National Association of REALTORS®.  NAR’s advocacy team successfully secured its top five tax priorities in the bill—provisions that directly support NAR members and the broader real estate […]

Mortgage rates will remain unchanged after April inflation data came in as expected. Elevated tariff rates will keep Fed rate cuts on pause for the foreseeable future. The BLS reported that core prices rose 0.24% from March to April and are up 2.8% from a year ago, largely in line with expectations of a 0.26% increase. Tariffs on […]

First-time homebuyers accounted for a record share of agency purchase lending in the first quarter, as higher interest rates continued to dampen repeat buyer participation in the market, ICE Mortgage Technology reports. At the same time, Gen Z buyers made substantial gains in more affordable states, while FHA loans regained popularity as a critical tool for affordability-minded […]

Home sellers gave concessions to buyers in 44.4% of U.S. home-sale transactions in the first quarter. That’s up from 39.3% a year earlier and is just shy of the 45.1% record high at the start of 2023. This is based on an analysis of data submitted by buyers’ agents across the country, covering rolling three-month […]

New home sales jumped in March despite still-high mortgage rates and the beginning of a decline in consumer confidence stemming from tariff fallout that is slowing the existing home market. The number of new single-family homes sold in March reached 724,000 on a seasonally adjusted annual basis, a figure that’s 7.4% higher than February’s and […]

Selling your home can be a significant endeavor, requiring careful preparation and attention to detail. Often, homeowners neglect certain repairs that may not bother them but could dissuade potential buyers or raise concerns during home inspections. To ensure you fetch the top dollar for your property and avoid unexpected last-minute repairs, follow these essential steps […]

Americans have amassed plenty of housing wealth in recent years — but millions of homeowners are finding they’re effectively locked out of accessing it, a new study found. Higher interest rates and debt levels, along with pandemic-led disruptions to jobs and incomes, have made it more difficult for many US property owners to tap home […]