Reginald Mathalone / NurPhoto / Shutterstock.com As of the second quarter of 2024, the average sales price of homes in the U.S. was $501,700, according to Federal Reserve data. In comparison, the average sales price was $340,600 just five years ago. During certain times — such as in a recession — you may see dips
Barbara Smyers / Getty Images/iStockphoto If you’re considering buying a new home in Texas over the next five years, there are a lot of places to choose from. With housing prices appreciating all over the states in recent years, finding a city with a lot to offer — but also room for prices to rise
Mortgage rates are hopefully coming back down to earth. So far daily mortgage rates have fallen to 6.81% and weekly rates to 6.77%, their lowest readings in months. For some homebuyers, it represents thousands of dollars in new purchasing power; for others, it’s pushing monthly mortgage payments down, according to Redfin. The typical monthly housing
If you’re a baby boomer, you might not consider today’s mortgage rates to be high. After all, in the 1980s and ’90s, they were much higher. But if you’re of a younger generation and experienced historically low mortgage rates throughout the pandemic, and years before, you probably feel otherwise. Well, a new normal is setting
fizkes / Getty Images Factor in Things Like Safety and Returns on Investment Historically speaking, investing in real estate has seen significant returns. The S&P 500 Index found that the average annual return on commercial properties is about 9.6% a year, only about 0.7% less than residential properties. Trending Now: 7 Locations Where Housing Prices
Housing prices in China slumped in the first four months of the year, although factory output rose nearly 7%, according to data released Friday, as the country prepares to announce fresh measures to reinvigorate its ailing property industry. Officials of the National Bureau of Statistics acknowledged that domestic demand — spending by consumers and businesses
Los Angeles was overpriced so I moved to Tulsa. My extended family followed me here, and we love it—and I’m a homeowner
If you had asked me to point out Oklahoma, let alone Tulsa, on a map three years ago, I wouldn’t have been able to do it. Fast forward to today and, while my geography hasn’t much improved, I can not only point out Oklahoma on a map, I live there. I’m a native Californian—born in