The average rate on the popular 30-year fixed mortgage sits around 7.5%, the highest level since mid-November of last year, according to Mortgage News Daily.
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
The median price of an existing home sold in March was $393,500, up 4.8% from the year before.
https://www.cnbc.com/2024/04/18/march-homes-sales-dropped-despite-a-surge-in-supply-heres-why.html
While the cost of a new house depends on multiple factors, the sticker price might jump on the finishes you add, an advisor says. Here's how to cut costs.
Sheila Bair, who ran the FDIC during the financial crisis, is nervous about a handful of regional banks going into earnings.
The Vietnamese property tycoon Truong My Lan was sentenced to death on Thursday for her involvement in the country's biggest financial fraud case.
Mortgage refinance activity plummeted to record lows in 2023 after interest rate hikes. Here are three signs to help you decide when refinancing makes sense.
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 7.01% from 6.91%.
China needs to convince people that home prices are on their way up in order for growth to pick up, said Richard Koo, chief economist at Nomura.
Newly built homes often come with a buffet of perks from the building company. However, first-time owners often face a property tax shock after the first year.
https://www.cnbc.com/2024/04/09/why-new-build-homes-can-lead-to-a-property-tax-surprise.html
There are 550 American cities where the typical home is valued at $1 million or more, a new record high, according to a new analysis by Zillow. Here's why.
https://www.cnbc.com/2024/04/09/the-us-has-550-cities-where-million-dollar-homes-are-typical.html
China's real estate troubles are likely far from over and industry problems need to be addressed quickly for GDP growth to rise significantly, according to KKR.
https://www.cnbc.com/2024/04/03/kkr-says-chinas-real-estate-correction-may-only-be-halfway-done.html
The Biden administration moved this week to limit how much rent can rise in certain affordable housing units across the country.
Mortgage rates didn't move much last week, and for the second week in a row, neither did mortgage demand.
https://www.cnbc.com/2024/04/03/weekly-mortgage-demand-stays-stalled-as-high-rates-deter-buyers.html
February 2021 was the last month when households earned more money than they needed to afford a home. While the deficit shrunk, costs remain high for buyers.
https://www.cnbc.com/2024/04/02/housing-affordability-has-just-totally-collapsed-economist-says.html
The average homeowner with a near record-low mortgage rate would see their monthly payment shoot up 132% in order to move up to a 25% more expensive home.
https://www.cnbc.com/2024/04/02/cost-of-upgrading-to-a-nicer-home-locking-up-the-housing-market.html
One of the main drivers of high housing costs is low supply. Cities in this state are boosting supply, helping push rental prices down.
https://www.cnbc.com/2024/03/28/rent-prices-across-the-us-grew-in-march-with-one-exception.html
The usually busy spring housing market is underway, but mortgage demand isn't moving.
https://www.cnbc.com/2024/03/27/mortgage-demand-stalls-even-as-interest-rates-moderate.html
Two luxury apartments in New York allegedly were bought with proceeds from improperly awarded copper contracts related to a huge mine in Mongolia.
https://www.cnbc.com/2024/03/26/feds-sue-to-seize-new-york-apartments-in-mongolia-scheme.html
Adam Neumann has submitted an unsolicited bid in excess of $500 million to acquire WeWork out of bankruptcy, a person familiar with the matter told CNBC.
https://www.cnbc.com/2024/03/25/adam-neumann-submits-bid-of-more-than-500-million-to-buy-wework.html
Pacaso lists shares of vacation homes, generally an eighth but sometimes larger shares, and then facilitates the purchase, including financing if necessary.
The Biden campaign salvo came after a judge set a date for Trump's criminal hush money trial, and after another court cut his civil fraud bond to $175 million.
Donald Trump is trying to hold off a massive New York fraud judgment as he seeks to unseat President Joe Biden from the White House in November's election.
https://www.cnbc.com/2024/03/24/trump-fraud-judgment-deadline-looms-as-son-complains.html
While price growth is moderating and inventory is improving, overall housing costs remain high, experts say. Here's what to expect.
https://www.cnbc.com/2024/03/25/home-price-growth-slows-what-it-means-for-buyers-and-sellers.html
China’s economy can grow far faster if it adopts a comprehensive package of pro-market reforms, according to IMF Managing Director Kristalina Georgieva.
https://www.cnbc.com/2024/03/25/china-faces-fork-in-the-road-imf-chief-georgieva-says-cdf-forum.html
Donald Trump is trying to avoid paying a $454 million business fraud judgment stemming from a lawsuit by New York Attorney General Letitia James.
https://www.cnbc.com/2024/03/21/judge-orders-trump-company-to-tell-watchdog-about-appeal-bonds.html
The way people buy and sell homes in the U.S. could change this year due to a major class-action lawsuit. Here's what buyers and sellers should keep in mind.
https://www.cnbc.com/2024/03/20/what-the-settlement-on-home-sale-commissions-means-to-you.html
Inventory rose 5.9% year over year to 1.07 million homes for sale at the end of February.
https://www.cnbc.com/2024/03/21/february-2024-home-sales-spike.html
As markets look toward potential interest rate cuts in 2024 from the Federal Reserve, these five charts show how rates have fluctuated over the past 12 months.
https://www.cnbc.com/2024/03/20/how-interest-rates-have-changed-even-as-the-fed-holds-steady.html
As the Federal Reserve postpones rate cutting, here's what that means for your credit card, mortgage rate, auto loan and savings account.