Features That Make a Home an Outdoor Haven
Homeowners and potential buyers are looking for features that allow them to enjoy the outside of their homes as much as the inside. Among them are backyard pickleball courts and weather-resistant landscaping. NEW YORK – As spring approaches, more homeowners are sizing up their outdoor space and making plans to ensure...
First-Time Buyers Optimistic About Housing Market
A study by TD Bank of more than 1,000 first-time homebuyers also found nearly all (97%) have taken the initial steps in the buying process even though they have some concerns about affordability. CHERRY HILL, N.J.— Despite lingering concerns around affordability and interest rates, most first-time homebuyers still feel optimistic about...
What to Expect From a Home Inspection
Home inspections can protect both buyers and sellers by providing insights into potential problems and areas of concern. NEW YORK – The process of buying a home involves a number of variables that present at various times throughout buyers' search for a home. For instance, real estate professionals typically advise buyers to...
Builder Confidence Peaks Since July 2023
NAHB/Wells Fargo HMI: Builder sentiment in the single-family market surpassed the break-even point of 50, highest since July 2023 and the 4th consecutive monthly gain. WASHINGTON – Builder confidence in the single-family home market climbed three points in March, driven by a lack of existing inventory, strong demand and falling mortgage...
Americans Living Farther from Work in Bigger Homes
A new study found American workers are living farther from their workplaces, likely due to remote work opportunities. As a result, people bought bigger homes with home offices. NEW YORK – Freed, perhaps, from a daily jaunt to the office, the average American worker now lives almost three times farther from...
Best Practices for a Healthy Credit Score
Learning how to monitor and boost a credit score is essential to unlocking better credit terms and taking control of your financial future. NEW YORK – Your credit score is one of the most important numbers in your financial life. It plays a crucial role in determining individuals' access and eligibility...
Mortgage Rate Declines for Second Week
Borrowing costs for average 30-year U.S. mortgages and 15-year fixed-rate mortgages dropped Thursday to levels seen in early February. LOS ANGELES — Home loan borrowing costs fell for the second week in a row, pulling the average long-term U.S. mortgage rate to its lowest level since early February — good news...
How Sellers Get Top Dollar for Their Homes
Sellers should not rely on the market alone to get their asking price. Instead, strategies including good staging and value-added improvements increase the chances for getting top dollar. NEW YORK – The process of buying and selling a home includes many movable parts. North America has experienced historic trends in the...
When Will Mortgage Rates Fall?
Mortgage rates are likely to remain stagnant until there are signs the economy is slowing. NerdWallet writer Holden Lewis said that’s not likely to happen in March. NEW YORK – Mortgage rates are expected to go down sometime in 2024, but the decline probably won't start in March. Instead, mortgage rates...
Single-Family Starts to Rise in 2024
Economists at International Builders’ Show: Construction should gradually increase as the Fed is on track to cut rates during 2024’s second half with inflation slowing. LAS VEGAS – While higher interest rates pushed single-family starts down in 2022 and 2023, production should move on a gradual upward path in 2024 as...
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