Housing is all out of whack. Real estate is cyclical, and typically when mortgage rates shoot up, sales decline, and home prices fall; and eventually because home prices tumble, sales return. But none of that has happened. Home prices rose substantially during the pandemic housing boom as historically low mortgage rates and remote work fueled
HGTV stars Jonathan and Drew Scott, also known as the Property Brothers, offered some advice recently on real estate investing in an era of high rates—especially what not to do. During a wide-ranging CNBC interview on Wednesday, they sounded off on property flipping, high borrowing costs, the worst mistakes that aspiring investors make, the housing
When homeless residents request housing assistance from Keene, the city must help, even when shelters are full. As the number of New Hampshire’s homeless has grown, that has become increasingly expensive. During the fiscal year that ended in June 2023, Keene spent $568,000 to provide housing to people who could not get a shelter bed,
Having co-founded the world’s largest software company, Microsoft, Bill Gates is one of the richest people in the world, worth an estimated $152 billion, according to Forbes. While he and his ex-wife Melinda French Gates have donated a decent portion of their fortune through the Bill and Melinda Gates Foundation (which still remains intact despite
An internet user has sparked discussion after claiming that she’s considering staying in her rented property after observing a spike in mortgage payments. In a video with over 229,000 views as of Sunday, TikTok user Lexxy (@theycallme_lexxy) writes, “Me seeing everyone post that their mortgage payment went up and me not knowing that was even
Homebuyers hoping to capture a lower mortgage rate on the back of the Federal Reserve cutting interest rates in 2024 may have to wait a little longer. The housing market, still rebounding from COVID-induced inflationary pressures and the Fed’s rate hikes aimed at stabilization, was eyeing relief from three projected policy adjustments later this year.
Barbara Corcoran has said it before, and she’ll probably say it again: when mortgage rates fall, home prices will rise. “If rates go down just another percentage point…prices are going to go through the roof,” the self-made real estate millionaire and Shark Tank star told Fox Business yesterday. The average 30-year fixed mortgage rate is
David Morris says he’s been fighting to get squatters of his nine-acre property since the COVID-19 pandemic He and his attorney are making progress toward a final removal of the last eight squatters still occupying his land Though he says he’s frustrated about having to now pump thousands of dollars into cleaning up the property,
Homeowners like MacKenzie Kipp who capitalized on historically low mortgage rates during the pandemic would stand to lose a substantial amount of money under President Joe Biden‘s proposed $10,000 tax credit for selling their starter homes. In an effort to ease the housing market’s tight inventory and support homeowners looking to upgrade, Biden announced a
Sign up for The Brief, The Texas Tribune’s daily newsletter that keeps readers up to speed on the most essential Texas news. Gov. Greg Abbott called on state lawmakers Friday to try to limit Wall Street’s presence in the Texas housing market. As the nation’s housing affordability crisis continues unabated, lawmakers and housing advocates have