Thursday, 30 January 2025

D. Ong

10 US Cities Where Mortgages Are Easiest and Hardest To Pay Off: Report

A person's ability to pay off their mortgage depends on where they live. Here are the cities where homeowners can easily pay off their mortgages.
Real Estate Tips: 4 Things To Watch Out for in New Homebuying Contracts

Some terms and conditions outlined in new contracts may be unfamiliar to home buyers and could potentially cost them hundreds of dollars. This guide lists key things to watch out for in real estate contracts.
Homebuyers Now Have $200,000 in Additional Spending Power After Mortgage Rates Decline

The recent drop in mortgage rates gave home buyers additional spending power of between $70,000 to over $200,000, depending on the location.
Income Needed To Buy a Typical Home in the US Falls to $115K, Marks First Decline Since June 2020

The income needed to buy a median-priced home in the US fell to 1.4% year-over-year in August 2024 after mortgage rates dipped to 6.5%.
5 Key Things That Affect Mortgage Interest Rates

The Federal Reserve's actions influence borrowing rates, but there are also other key factors that could affect mortgage interest rates. Here are five.
Fed Rate Cuts Will Lower Mortgage Rates but Won’t Fix the US Housing Affordability Crisis: Report

Falling mortgage rates will offer relief to Americans, but it could also lead to an increase in demand, which could lead to higher prices amid the market's housing shortage.
5 Housing Markets Where Home Will Lose Value in 2025: Report

Home prices rose 3.1% year-over-year in August but prices in some markets could soon fall, per an analysis.
Buyer Season Is Near: Here Is the Best Time To Become a Homeowner in the US

Market conditions during a seven-day period from Sept. 20 to Oct. 9 allows buyers to save around $14,000.
Homes in These 10 Small Towns Have Prices of Over $400,000, Nearly as Expensive as Major Coastal Cities

A recent study analyzed median home values in town with a population between 10,000 and 50,000 and found that home prices there are comparable to those in metropolitan areas.
4 Outdated Home Design Trends That Are Coming Back

Home design trends come and go, but some outdated details are now making a comeback. Here's a look at the top four.
Inside Meghan Markle’s $1.4M Toronto Bachelorette Pad Where She Lived Before Marrying Prince Harry

Meghan Markle's three-bedroom, two-bathroom bachelorette pad features an eat-in kitchen, sun0-filled bedrooms, and spa-inspired bathrooms.
Fed Cuts Interest Rates Down to 4.8%; Here’s What It Means for the Housing Market and Mortgages

The central bank's recent cut could bring mortgage rates down for the 30-year term and encourage sellers back into the market.
Los Angeles Breaks Ground on Mixed-Use Costco Building With 800 Apartment Units

The mixed-use building will use Costco as the anchor retail tenant and feature 184 housing units for low-income Americans earning $41,610.
Is the American Dream Impossible? 60% of Americans Say They Don’t Feel Capable of Owning a Home

A survey found that more than half of Americans do not believe they can afford a home in today's housing market, with 53% citing the inability to afford a down payment as the reason.
Mariah Carey Racked up More Than $18M in Mortgage Debt on Penthouse She Bought for $9M

The singer-songwriter took out $18.6 million in home loan on her Tribeca penthouse, with $10.6 million in cash advances.
These 10 States Lead the Nation for the Most Expensive Homeowners Insurance: Report

The average cost of home insurance in the United States is $2,285 nationally, but prices could soar to $5,600 in some states.
Real Estate Tip: Should You Pay Your Real Estate Agent if You Don’t Buy or Sell a House?

In this article, we'll explain what happens when a real estate transaction falls through, including whether or not you owe your agent a commission.
Homeowners Whose Properties Are Featured Online Faces New Threat From Burglars, Thieves

There have been a growing number of cases where criminals used online services such as Google Maps and Zillow to look for potential homes to rob.
60% of Baby Boomers Said Younger Generations Can’t Afford a Home Because They’re Not Trying Hard Enough

A recent survey from Clever Real Estate polled 1,100 boomers and asked them why they believe the younger generation could not afford a home in today's housing market.
Here’s How Much Your Monthly Mortgage Payments Will Fall After the Fed Cuts Rates

The contract rate for the 30-year and the 15-year fixed terms are expected to fall between 25 basis points to half a percentage point after the Fed cuts its interest rates.
Rent Prices Rose Faster Than Home Values for the First Time in 10 Years, Renters Remain Cost-Burdened

Rent prices rose 3.8% in 2023 while the median home values only rose by 1.8%. Rent prices in the United States rose by nearly 4% in 2023 while home values only grew under 2%.
Will Silver Tsunami Forecast Come True? 50% of Boomers Never Plan To Sell Their Home, Study Finds

Boomers who said they did not plan to sell their homes cited finances, their mortgage rates, and emotional attachment as reasons for not wanting to list their properties.
5 Entryway Clutter You Can Organize Today

A cluttered entryway is an eyesore, but it doesn't have to be. Here are some items you can remove from the entry today.
Mortgage Rates Fall To Lowest Level Since February 2023, Monthly Payments May Also Decline

The average contract rate for the 30-year term fell to 6.29% this week, which is 0.14 points lower from last week's rate of 6.43%.
Homeowner Who Sold Bunker to Jeff Bezos Sues Realtor for Not Disclosing Amazon Founder Was the Buyer

The homeowner said knowing that Bezos was the buyer would have been "highly material" to the negotiations at the time.
4 Easy Ways To Make Your Home Smell Like Fall

Do you want to bring the autumn spirit into your home? Here are some ideas to make you home smell like the fall.
Real Estate Forecast: Will It Rise or Fall This September? Here's What Will Happen in Federal Reserve's Meeting

Financial experts are expecting the Federal Reserve to cut its benchmark rate on Sept. 18, which could make mortgage rates fall or rise.
10 US Cities Where Buyers Are Paying More Money for Smaller Homes

The median American home is now 6% smaller while the sale price continued to increase by 52% from 2019 to 2024.
Sean ‘Diddy’ Combs Puts Up Beverly Hills Mansion for Sale for $61M Months After FBI Raid

Combs' property features 10 bedrooms and 13 bathrooms in a 7,000-square-foot mansion. American rapper Sean "Diddy" Combs has listed his Beverly Hills, California, mansion for sale for $61.
5 Genius Home Design Tips That Interior Designers Swear By

Here are five important tips to remember to ensure your home looks magazine-worthy without needing to hire an interior designer.

EDITOR'S PICKS