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
Martin Kidston (Missoula Current) Citing a range of possibilities and a unique opportunity, the Missoula Redevelopment Agency on Thursday approved a request to fund due diligence on a vacant 10-acre property in the Midtown district. The lot sits behind Bob Wards near Southgate Mall and has sat vacant for years. Support from the Missoula Economic Partnership,
Hong Kong’s benchmark index, which was in the 15,000-point range in July 1997 when the city returned to Chinese sovereignty, surged above 30,000 in 2007 and 2018. Last Friday, it closed at 16,353. “Every market has its cycle. Hong Kong’s stock market had gone up to 30,000. But he just took today’s low point [for
Chinese workers stand in front of the Eiffel tower replica at Tiandu Cheng, a Parisian-themed … [+] resident development. (Photo by Jackson Lowen/Construction Photography/Avalon/Getty Images) Getty Images Not many days ago, rumors surfaced about Beijing’s grand plans to take over huge swatches of China’s residential property market. If Beijing were to go this route, it
Assumable mortgages, or home loans that pass on their mortgage rate from a home seller to a buyer, are considered an attractive option these days: They effectively allow buyers to inherit a far lower interest rate at a time when mortgage rates are higher than 7%. And while these loans are relatively hard to find
This live blog has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing in our spring flash sale. Hong Kong finance chief Paul Chan Mo-po has announced the city will remove all restrictions on property transactions as part of his solutions to the city’s sluggish economy
My husband and I can’t decide between selling our house or renting it out. We live in Northern California in an area that we don’t like. The house is cute, we have a 2.5% interest rate and $262,000 left on our mortgage. The Redfin estimate for our home right now is $550,000. We welcomed a