Interest rates and a lack of affordability, especially for first-time homebuyers, led researchers to a dour housing forecast for next year. Fannie Mae is “pessimistic” about home sales in the future thanks to... Read More
Median existing-home price now $258,100, NAR estimates Existing-home sales dropped 3.4 percent to a seasonally adjusted 5.15 million units in September, according to the National Association of Realtors’s monthly existing-home sales report, released Friday. The decline marks... Read More
The Beverly Hills property is now on the market for $4.7 million To make a Beverly Hills property stand out from all the other mansions, most listing agents bring in a potted plant or two—... Read More
The key 30-year mortgage rate broke through the 5 percent threshold earlier this month, faster than most analysts expected. Rates haven’t crossed that watershed mark for seven years, but what that means for the housing... Read More
As the Fed raises short-term interest rates, buyers are paying the price with higher monthly mortgage payments The Federal Reserve has raised short-term interest rates three times this year, causing mortgage rates to climb to over... Read More
JPMorgan Chase & Co. and Movement Mortgage this month were the latest companies to announce layoffs of hundreds of mortgage workers due to a downturn in business. Many more people in the industry can expect... Read More
These shared-equity options mean it’s not the end of the road for buyers who don’t qualify for traditional homeownership Rising home prices, student loan debt and changed expectations from the millennial generation are causing buyers to... Read More
Thanks to the new state law, Senate Bill No. 1069, California homeowners will now have an easy time building and permitting small second dwellings onto their property. If garage conversions have been on your to-do... Read More
Mortgage fraud climbed 12.4 percent year over year in the second quarter of 2018, and about one out of every 109 mortgage applications has been found to contain false or misleading information, according to real... Read More
Month Low-High Close Mo,% Total,% 2018 October 4.58-4.86 4.72 0.0% 0.0% November 4.65-4.93 4.79 1.5% 1.5% December 4.79-5.15 5.00 4.4% 5.9% 2019 January 4.76-5.06 4.91 -1.8% 4.0% February 4.85-5.15 5.00 1.8% 5.9% March 4.83-5.13 4.98... Read More
Chris Gash for The Wall Street Journal Borrowers used to closing on a mortgage in a conference room surrounded by other parties to the transaction may soon be in for a pleasant surprise. The... Read More
The West is still the best as Las Vegas, Seattle, San Francisco notch double-digit gains Getty Images/iStockphoto The numbers: The S&P CoreLogic Case-Shiller 20-city index rose 0.1%, seasonally adjusted, in July, and was up 5.9% compared... Read More