Virginia State

Fox Business

New Freddie Mac product would help homeowners tap their home equity without losing their existing low-rate first mortgages.

Freddie Mac proposes product to help homeowners tap home equity without losing record low mortgage rates

America’s current twin deficits – budget and trade deficits – mean that Uncle Sam is dependent upon the kindness of strangers (foreign governments) to fund its gargantuan spending needs.

Who added more to the national debt, Biden or Trump?

Some customers are upset after Costco changed the packaging of its rotisserie chicken from a rigid plastic clamshell to a plastic bag. The new packaging is inferior, they say.

Customers upset after Costco makes change to rotisserie chicken

ARMs can offer temporary relief for homebuyers who want to avoid paying higher mortgage rates — however, they also come with risk.

Thousands of homeowners are about to get slammed with higher monthly payments

A new report published by ATTOM found that the number of home foreclosures rose nationwide in May as Americans continue to face an affordability crisis.

Home foreclosures are on the rise again nationwide

24/7 Wall St.

Home prices are at an all-time high in the United States. After rising year-over-year for 11 consecutive months, the median sale price of existing homes hit a record-breaking $419,300 in May 2024, according to a new report from the National Association of Realtors. High prices are largely attributable to a lack of inventory, as high […]
The post Cities Where Home Prices Are Actually Falling appeared first on 24/7 Wall St..

Cities Where Home Prices Are Actually Falling

Daily Mail

Jamey and Lauren Bertram are fending off househunters flocking to their door after seeing their $1.6 million house on sale for $10.200 on popular property site Zillow.

Kansas City couple have their million-dollar ranch listed on Zillow for just $10,200 for 'first-time buyers only' by scammers as hordes of prospective homeowners knock on their door

New York Post

In recent years, mortgage rates in the US have soared to their highest levels in more than two decades, leaving many potential homebuyers and sellers wary. 

The Federal Reserve’s efforts to combat languishing inflation have played a significant role, as the central bank raised interest rates 11 times from 2022 to 2023, taking the benchmark federal funds rate from 0% to 5.25-5.50%, according to Yahoo Finance.

Today, the median monthly mortgage payment on a new home stands at $2,256, about 7% higher than last year, the Mortgage Bankers Association (MBA) reports. So, when will mortgage rates go down? Experts from Fannie...

This is when you can expect mortgage rates to go down — and why you should buy before a recession hits

TheStreet

The Federal Reserve may start to lower interest rates in September. Get ready.

Your new mortgage may get cheaper

Mortgage rates fell this week to their lowest level since early April, taking some pressure off America’s unaffordable housing market.

Mortgage rates fall to their lowest level in almost three months

Texas State

Markets Insider

Homes in key metros in states like Florida and Texas are already seeing "major price cuts," Redfin's CEO said.

Home prices will go down this summer as sellers can't postpone listing any longer, Redfin CEO says

In America, home prices are at record highs while hundreds of thousands are homeless.

Renters are struggling more than homeowners in America’s tough housing market, report says

Analysts predict a 'very high' likelihood of a drop in housing prices in five metropolitan areas across the United States, including regions in Florida and South Carolina.

The cities where house prices are set to drop

Billionaire Steve Ballmer, the former Microsoft chief executive and current owner of the L.A. Clippers, has surpassed Bill Gates in net worth for the first time.

Former Microsoft CEO Steve Ballmer tops Bill Gates' wealth

Record-high median home prices, elevated mortgage interest rates, and limited for-sale inventory, are reshaping the landscape of the U.S. real estate market and the cost of buying a home. For example, the average median home price in the U.S. reached an all-time high of $419,300 in 2023, according to National Association of Realtors (NAR).

Average Cost of Buying A Home in the U.S.

Port Byron, IL

A large Illinois horse farm owned by John Deere CEO John May is up for sale, according to a Wednesday report from Realtor.com. He is reportedly seeking $3.925 million for the property.

John Deere CEO puts 80-acre horse farm up for sale

For years, U.S. pharmacy chains have been shuttering locations around the nation. It's a trend one industry expert says will continue, especially with the demand for online pharmacies.

CVS, Walgreens, Rite Aid closing stores: a brick and mortar downfall?

Based on Freddie Mac's latest Primary Mortgage Market Survey, the U.S. 30-year fixed-rate mortgage averaged 6.86 percent as of June 27, 2024. "The 30-year fixed-rate mortgage continues to trend down, hitting the lowest level in almost three months," said Sam Khater, Freddie Mac's Chief Economist. "By historical standards, the economy is in good shape, and we expect rates to continue to come down over the summer months, bringing additional homebuyers back into the market."

Mortgage Rates in U.S. Dip in Late June

Mortgage rates ticked down for the fourth straight week, but remained in the high-6% territory as the housing market continues to stall amid high rates and high home prices.

Mortgage rates fall slightly to 6.86%

Dallas, TX

Business Insider

The "Million Dollar Listing" agent revealed the top five US cities where home prices are set to spike, from Atlanta to San Diego.

These are the 5 US cities you should buy a home in before you get priced out of the housing market, says 'Million Dollar Listing' real estate investor

NewsBreak

VA updates home loan benefits to help veterans buy homes in difficult markets

In an effort to help veterans buy homes in a difficult market, the VA is expanding the VA home loan...

VA updates home loan benefits to help veterans buy homes in difficult markets

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