Mortgage demand takes a massive hit as interest rates cross back over 7%
Guaranteed Rate Supports Home Affordability with Public-Partnered Grants
Mortgage servicer Guaranteed Rate is expanding its Fannie Mae and Freddie Mac-backed mortgage products. The company cites this move as demonstrating its “proven commitment to supporting housing affordability.” The HomeReady (offered by Fannie Mae) and Home Possible (administered by Freddie Mac) mortgage grant programs offer a $2,500 non-repayable grant. The grants are part of a…
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More Black women are becoming homeowners — it doesn’t mean it's easier, economist says
Strong earnings and an online advertising play by Walmart have us wondering about Costco
2 out of 5 industrial stocks are at record highs. Here's our post-earnings outlook on all of them
Trump ordered to pay $454 million in fines and interest in NY business fraud case
Mortgage rates shoot to 2-month high after new report shows inflation is still hot
Consumer Sentiment Continues to Warm in February
Consumers’ feelings continue to thaw toward the economy this winter, according to the latest data from the University of Michigan. Consumer sentiment grew an astounding 0.8% in February, following a 13.1% leap in January and a sharp increase in December. “The fact that sentiment lost no ground this month suggests that consumers continue to feel…
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People are moving out of cities with poor air quality — but many end up facing other climate risks
The Role of Location on Property Valuation
The adage “location, location, location” continues regarding real estate. The location remains paramount despite the myriad factors contributing to a property’s market value—including size, condition and features. We will examine how the geographical positioning of a property significantly influences its desirability and, consequently, its market value. From the impact of school districts and crime rates…
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A Comprehensive Guide to the Pros and Cons of Buying Used Appliances
In today’s consumer-driven society, purchasing new or used appliances is a common dilemma. While brand-new appliances come with the allure of the latest technology and warranties, buying used appliances has advantages and disadvantages. We will examine the pros and cons of buying used appliances. Our guidance will help you decide based on your unique needs…
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Economists Weigh in on the Future of First-Time Buyers
Although we’re in the midst of a market correction, the future of the housing market is still up in the air—with many questions centering around first-time homebuyers. While there are still individuals embarking on the journey of first-time homeownership, it’s less than what we’ve seen in the past. Recent data from the National Association of…
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Mortgage rates surge higher again, causing homebuyers to pull back
Black Americans still face 'disproportionately steep hurdles' to homeownership, expert says
What the Year of the Dragon means for businesses, according to Maybank's fengshui report
The stock market decline on hotter inflation presents a buying opportunity. Here's why
New student loan repayment plan could make it easier for borrowers to become homeowners
China's biggest problem is a 'lack of confidence,' Standard Chartered CEO says
Questions to Ask a REALTOR® When Getting Divorced
Divorce can be challenging and emotional, and one of the significant decisions couples often face is selling their house. Selling a house during divorce can complicate an already difficult situation. That’s where hiring a REALTOR® with divorce experience comes in. Divorcing couples can navigate the home-selling process far more efficiently with a pro in their…
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