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30-year mortgage rate climbs to just under 7%, pushing up borrowing costs for the first time since May
Personal Finance30-year mortgage rate climbs to just under 7%, pushing up borrowing costs for the first time since May
By Alex Veiga and The Associated PressJuly 4, 2024
We’re passing through ‘the worst housing affordability crisis’ ever seen, former Housing Secretary says—and it isn’t going to fix itself
FinanceWe’re passing through ‘the worst housing affordability crisis’ ever seen, former Housing Secretary says—and it isn’t going to fix itself
By Alena BotrosJuly 3, 2024
Mature couple hugging in front of modern home.
FinanceHomeowners are sitting on a record amount of equity, driving a shift toward more expensive homes, top economist says 
By Alena BotrosJuly 1, 2024
Robert Reffkin, founder and chief executive officer of Urban Compass Inc
FinanceThe magic mortgage rate is anything below 6%, top real estate CEO says
By Alena BotrosJune 24, 2024
Say goodbye to the 20% down payment. Zillow says you’ll need to put down roughly 35%, or almost $128,000, to afford a typical home
FinanceSay goodbye to the 20% down payment. Zillow says you’ll need to put down roughly 35%, or almost $128,000, to afford a typical home
By Alena BotrosJune 21, 2024
The ‘affordability crisis’ has long plagued renters—but now it’s coming for homeowners
FinanceThe ‘affordability crisis’ has long plagued renters—but now it’s coming for homeowners
By Alena BotrosJune 20, 2024
Home prices are rising at their slowest pace in more than a year, and mortgage rates could drop soon, setting up a showdown between buyers and sellers
FinanceHome prices are rising at their slowest pace in more than a year, and mortgage rates could drop soon, setting up a showdown between buyers and sellers
By Alena BotrosJune 18, 2024
This mortgage rate statistic impacting more than half of American borrowers shows why sellers are hopelessly locked in
FinanceThis mortgage rate statistic impacting more than half of American borrowers shows why sellers are hopelessly locked in
By Alena BotrosJune 17, 2024
Real Estate agent putting a For sale sign in a yard.
FinanceAfter sitting on the sidelines for months, sellers finally want to offload their houses, but no one’s buying
By Alena BotrosJune 13, 2024
West side of Manhattan
FinanceA NYC office building will sell at such a discount that it’s 67% below the purchase price and less than what’s still owed on the mortgage
By Natalie Wong and BloombergJune 10, 2024
26%: That’s how much more it costs to maintain a U.S. single family home—not even counting the mortgage—than it did before COVID
Personal Finance26%: That’s how much more it costs to maintain a U.S. single family home—not even counting the mortgage—than it did before COVID
By Jennifer Epstein and The Associated PressJune 10, 2024
Zero percent down mortgages might help more first-time homebuyers break into the housing market—but there are caveats
FinanceZero percent down mortgages might help more first-time homebuyers break into the housing market—but there are caveats
By Alena Botros and Sydney LakeJune 5, 2024
Renters are moving less often than a decade ago: 1 in 6 have lived in their home for 10 years or more
FinanceRenters are moving less often than a decade ago: 1 in 6 have lived in their home for 10 years or more
By Alena BotrosMay 31, 2024
Top economist offers one word to describe the housing market: Unaffordable
FinanceTop economist offers one word to describe the housing market: Unaffordable
By Alena BotrosMay 30, 2024
Chief economist defies Fed’s hawkish pivot; no rate hikes this year despite ‘dramatic turnaround’
FinanceChief economist defies Fed’s hawkish pivot; no rate hikes this year despite ‘dramatic turnaround’
By Alena BotrosMay 29, 2024
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