Homebuyers need to earn an income of more than $150,000 to afford homes in 14 out of the 50 biggest metro areas as of April, according to Realtor.com. But in San Jose, buyers must earn at least $361,000. Continue reading
Elevated mortgage rates and home prices have made sellers leery about listing this spring. As a result, 50 percent of homesellers said they’ll be aligning their sales with a late-year rate drop. Continue reading
Austin and Seattle were the friendliest cities for renters as the monthly mortgage payment on a starter home in each of the top 50 cities soared above the average rent by more than $1,000. Continue reading
Existing-home sales were on the upswing in February, according to a National Association of Realtors report published on Thursday. The sale of existing single-family homes, townhomes, condominiums and co-ops declined 3.3 percent year-over-year from 4.5… Continue reading
Listing agents have less than a month to prepare homesellers for the spring housing season, according to Realtor.com’s annual “Best Day to Sell” analysis, published on Thursday. This year, the portal says the week of April 14 is the best time to close … Continue reading
Realtor.com data suggests there will only be three listings per agent in 2024 and that sellers who want to close a deal in April are already looking for representation. Continue reading
The Consumer Price Index rose 0.1 percent between October and November and was 3.1 percent higher than a year earlier, suggesting interest rates will hold steady at this week’s Federal Reserve meeting. Continue reading
There were 7.5 percent more homesellers listing their homes in November 2023 than in November 2022, according to Realtor.com. Continue reading
Rents for studio, one-bedroom and two-bedroom units fell 0.7 percent between August and September, according to data from Realtor.com. Continue reading
U.S. home prices climbed 0.6 percent between June and July and reported an annual increase of 1 percent, erasing earlier declines. Continue reading