As mortgage rates rise, levels below 4% for the most popular 30-year fixed-rate mortgage are likely to remain in the rearview mirror. The 30-year fixed-rate mortgage averaged 4.16% this week, Freddie Mac reports.“The 30-year fixed-rate mortgage exceeded 4% for the first time since May of 2019,” says Sam Khater, Freddie Mac’s chief economist. “The Federal Reserve raising short-term rates and signaling further increases means mortgage rates
Hispanic Americans have historically been underrepresented as homeowners, but that could soon change. If predictions hold true, longstanding homeownership gaps may be closing.Fifty-eight percent of Hispanic home shoppers are first-time buyers, significantly higher than the rest of the U.S. population (34%). A new survey conducted by realtor.com® and the National Association for Hispanic Real Estate Professionals found an increasing presence of H
A second home on a waterfront can not only be for a household to enjoy but also serve as a potential revenue stream as a rental. Beach homes have long been desirable properties in real estate.Vacasa, a vacation rental management platform, ranked the top waterfront vacation rental destinations in which purchasing a second home offers some of the best prospects. Researchers factored in the cap rate and yearly rate of return on investments
Home sellers will likely continue to hold the upper hand this spring, says a housing report from realtor.com® that also uncovered upcoming trends this spring.Buyers are likely to become more sensitive to price increases. Mortgage rates are on the rise and are expected to continue to increase this year. As home shoppers face higher borrowing costs, they may need to tighten their budgets or even step back from the market as home prices increa
The demand for single-family rental homes is climbing, sending rental prices soaring. The annual gain in single-family rents rose to a record level of 12.6% in January, the fastest yearly increase in more than 16 years of reporting, according to a newly released report from CoreLogic, a real estate data firm. That annual rent growth was more than triple the increase in January 2021.Single-family rent growth extended its record-breaking price grow
Home sellers who list during the week of April 10–16 will be able to take advantage of the spring buying season’s anticipated strong demand, high asking prices, quick home sales, and lowered competition from other sellers, according to realtor.com®’s fourth annual Best Time to Sell Report. Those who list that week will likely get a head start on the competition.Each year, realtor.com®’s research team analyzes recent market conditio
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The Dallas metro area has seen the most activity in real estate development over the past decade, becoming like a magnet for new residents and businesses, according to new research from StorageCafe, a national storage-space marketplace from Yardi. Dallas led the U.S. in development, but the majority of major cities across the country saw an increase in real estate development over the last 10 years, the report shows.Researchers looked at real est
Wealthy Russians across the country are reportedly trying to sell hundreds of millions of dollars worth of U.S. property, the New York Post reports. The sales are being triggered by Russia’s invasion of Ukraine and growing sanctions that could put some oligarch’s fortunes in doubt.The Post documents several recent listings, both on and off the market, by wealthy Russians in the U.S. For example, Alexei Kuzmichev, owner of
The top-performing real estate markets in February reached a peak median price: $562,000, according to an analysis by realtor.com®. That marks a 43% jump over last month’s national median list price of $392,000, also a record high.Realtor.com® releases a monthly report of the hottest housing markets in the country, tracking metros that have seen the fastest sales and the highest listings traffic at its site.Manchester, N.H., remained the
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