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Refinancing is making its comeback as mortgage rates drop to 7%.
FinanceHomeowners, get ready to date the rate. Refinancing is making its comeback as mortgage rates drop to 7%
By Sydney LakeDecember 13, 2023
New homeowners are getting hit already with negative equity.
FinanceSome homeowners who managed to buy last year are bleeding money—the worst-hit have lost more than $100,000 in value as price corrections “pummel” dozens of cities
By Sydney LakeDecember 12, 2023
Capital Economics predicts a continued drop in mortgage rates and an uptick in mortgage applications.
FinanceIt’s ‘extremely likely’ we’ve seen mortgage rates peak, Capital Economics says, and mortgage demand is starting to recover
By Sydney LakeDecember 6, 2023
FinanceHousing affordability is the worst it’s been in decades. It will improve in 2024, but by only a ‘small step,’ Realtor.com chief economist says
By Sydney LakeNovember 30, 2023
Home prices could drop in 2024, but that won't completely fix housing affordability.
FinanceHome prices are likely to drop next year, but don’t expect that to solve the affordability crisis, bank exec says
By Sydney LakeNovember 28, 2023
Finance‘To buy or not to buy, that is the question’: BofA reveals rent is cheaper than mortgages in all but two of 97 major metros
By Alena Botros and Nick LichtenbergNovember 25, 2023
The math isn't working for may homebuyers to break into the housing market.
Personal FinanceHousing math just isn’t mathing, a Fed president says, ripping into NIMBYism and homes that are ‘increasingly unattainable for too many workers’
By Sydney LakeNovember 18, 2023
Increases in the cost of living have been smaller recently, which could eventually make it easier for some people to afford homes and mortgages.
FinanceLower inflation may be the hammer that cracks the unaffordable housing market for would-be homebuyers 
By Sydney LakeNovember 16, 2023
Thanks to higher home prices and middling inventory, new owners tend to be older, earn more, and are likelier to be single or childless than in the past.
Personal FinanceThis isn’t your parents’ first-time homebuyer: more millennials are breaking into the housing market, but they’re older than boomers were and need to earn a lot more money
By Sydney LakeNovember 14, 2023
Husband and wife
Personal FinanceThis couple was so miserable with a 2.5-hour super-commute, they took on an extra $1,200 monthly mortgage payment: ‘We’d do it again in a heartbeat’
By Alicia AdamczykNovember 14, 2023
Father and son
Personal FinanceMillennials are replaying their parents’ housing market journey as first-time buyers in their 30s flood into an unaffordable market
By Sydney LakeNovember 14, 2023
Nearly 7% of for-sale homes in the U.S. posted a price drop during the four weeks ending Oct. 29, which is the highest portion since Redfin started tracking this data in 2012.
Personal FinanceThe housing market is starting to crack—Sellers are cutting prices at record levels as ‘You can no longer price based off of where sales were’
By Sydney LakeNovember 6, 2023
Photo of a young man looking seriously at a financial statement
Personal FinanceHousing market affordability is so bad that Zillow says it will take you 13.5 years to break even on a purchase from July onward
By Sydney LakeNovember 1, 2023
Builders are offering major incentives for buyers otherwise locked out of the housing market.
FinanceWhile some homebuyers pay 8% mortgage rates, others are wrangling steep discounts—and it’s creating a surprising surge in new home sales
By Sydney LakeOctober 27, 2023
Capital Economics expects mortgage rates to stay above 6% through 2025.
FinanceThe mortgage rate shock hitting the housing market has years left to run, Capital Economics says
By Sydney LakeOctober 26, 2023
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