As Home Prices Keep Climbing, Here’s What You Need to Know

HYWARDS/iStock It’s anyone’s guess just how much higher home prices will go—and if they’ll ever slow down. Besides, if you could see the future, wouldn’t you rather focus your energies on predicting the winning lottery numbers? Nationally, the median existing-home price for single-family abodes zoomed up to $255,600 in the second quarter of the year, according to […]

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Every Region of U.S. Sees Fewer New Homes Hitting the Market—Except One

BrianAJackson/iStock Builders just aren’t keeping up. Despite the lack of homes on the market making buyers ever more frazzled, the number of completed new homes dropped month-over-month in every region of the country—except one. The South, which is luring companies and new residents with its lower cost of living and more affordable housing prices, had about […]

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Mortgage Rates Slide to 6-Week Low as North Korea Worries Drive Bond Rally

Getty Images Rates for home loans slid to a 6-week low as mounting geopolitical worries drove investors into safe-haven bonds, mortgage provider Freddie Mac said Thursday. The 30-year fixed-rate mortgage averaged 3.90% in the August 10 week, down from 3.93%. The 15-year fixed-rate mortgage averaged 3.18%, unchanged during the week. The 5-year Treasury-indexed hybrid adjustable-rate […]

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Home Prices Rose in Every State in the Nation—Except One

CHRISsadowski/iStock Home prices continued their steady climb in every state in America—except for one. Thanks for being real, Alaska! If you’re thinking that this steady, inexorable price escalation must have an end in sight, think again. In fact, prices are predicted to go up an additional 5.2% across the country over the next year, according to CoreLogic’s Home Price […]

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Looking to Make a Quick Buck? Sell Your Home

Feverpitched/iStock You’ve heard it all before: It’s a home seller’s market out there. Need proof? In the second quarter of 2017, sellers raked in an additional average of $51,000 per sale over what they originally paid for their abodes. That’s the highest returns the residential housing market has seen in a decade, according to a recent […]

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New Home Construction Is Finally Rising—What That Means for Buyers

akurtz/iStock Homebuilders have been busy this summer—and that might make the home-buying search better for many Americans on the prowl for the place of their dreams. Builders received 7.4% more permits to put up new homes in June compared with May, according to the seasonally adjusted numbers in the latest residential sales report jointly released by the U.S. Census Bureau and U.S. Department […]

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Tiny Might Be Trendy, but Homebuilders Have Been Thinking Big—Until Now

mevans/iStock These days it seems like it’s all about downsizing. Millennials and baby boomers are competing for the same smaller, more affordable, and easier to manage abodes, and everyone is talking about tiny homes. But lest you think that tiny is the new big, a recent analysis of 25 years of homebuilding shows that builders, who doubled […]

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It’s About to Become Easier to Qualify for a Mortgage—Here’s Why

deliormanli/iStock We’re living in expensive times—when a bottle of fresh juice can run you $5, rents and home prices are soaring, and the bills never seem to stop piling up. But aspiring homeowners might soon get a break as it becomes a little easier for those with student, credit card, and car loan debt to qualify for a […]

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Looking for a Newly Constructed Home? Better Buy Now

Ridofranz/iStock Buyers hoping to move into a brand-spanking-new home may need to act fast. More newly constructed homes were completed in May—but fewer abodes are in the pipeline, according to the seasonally adjusted numbers in the latest residential sales report jointly released by the U.S. Census Bureau and U.S. Department of Housing and Urban Development. Seasonally adjusted numbers have […]

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