The housing market began 2024 in the doldrums as housing starts and permits for new construction both fell, the Census Bureau reported on Friday. Starts fell 14.8%, way more than the flat reading expected by economists. Permits fell 1.5%, in line with estimates. “A home building revival is coming, but it didn’t arrive in January,”
Row of townhouses in Alexandria, Virginia Grace Cary | Moment | Getty Images “Switching to a repayment plan that has a lower monthly payment can help a borrower qualify for a mortgage,” said higher education expert Mark Kantrowitz. Half of student loan borrowers — including 60% of millennial borrowers — who haven’t yet purchased a
A member of the Parle Products’ promoter family, Ambika Chauhan Aibara, recently bought two sea-facing luxury apartments in South Mumbai for over ₹47 crore. The two flats are located in a luxury real estate project K Raheja Modern Vivarea in Worli. Capital appreciation has overtaken lifestyle upgrade as the primary motivation for real estate investment,
As mortgage rates fall, aspiring homeowners have gained nearly $40,000 in buying power in a matter of months, according to a new report. But that power comes with a catch: increased competition. Now that the 30-year mortgage rate has fallen from nearly 8% to below 7%, home buyers with a monthly housing budget of $3,000
A bill is moving through the legislature aiming to give tribal entities access to a pot of housing infrastructure dollars. However, several rounds of funding from the program have already been dedicated — leaving a smaller slice of the pie for tribes to apply for, particularly when it comes to grant dollars. House Bill 1041
Published: Jan. 25, 2024 at 12:01 p.m. ET U.S. mortgage rates rose to the highest level in six weeks, but have stayed well below 7%, offering some stability to home buyers. The 30-year fixed-rate mortgage rose and averaged 6.69% as of January 25, according to data released by Freddie Mac FMCC on Thursday. It’s up
SAN ANTONIO – In just a couple of weeks, Broker Associate David Anderson said he feels confident about the 2024 real estate market. “It’s going to be a very solid market,” Anderson said. “Everything that went was going wrong at the beginning of 2022 is going right in 2024.” After a year with historic highs
A D.C. mother says her dreams of buying a home may be shattered after the District promised her funding but then backtracked, announcing this week that the program had run out of money. She and her family had qualified for financial assistance through a program called Home Purchase Assistance Program (HPAP), which offers interest-free loans
MEDFORD, Ore. — Oasis of the Rogue Valley and OnTrack Rogue Valley were awarded $3.7 million dollars in Measure 110 funding to create emergency housing for pregnant women and mothers. The downtown Oasis facility was bought with Measure 110 funding and there were apartments behind the main building. OnTrack helps manage the housing facility. “The
Published: Jan. 11, 2024 at 12:26 p.m. ET Mortgage rates rose slightly in the latest week, but that didn’t deter home buyers. The 30-year fixed-rate mortgage rose and averaged 6.66% as of January 11, according to data released by Freddie Mac FMCC on Thursday. It’s up 4 basis points from the previous week — one