In the latest update on the housing market, mortgage rates have seen a notable uptick, sparking concerns among prospective homebuyers amidst the burgeoning spring housing market. According to data released by Freddie Mac, the average rate for a 30-year fixed…
In a bid to address the chronic issue of homelessness and bolster affordable housing initiatives, Los Angeles implemented a higher real estate transfer tax a year ago. Widely referred to as the “mansion tax,” this policy imposes a 4% tax…
For nearly two years, elevated mortgage interest rates have cast a shadow over the American housing landscape, dissuading prospective homebuyers from entering the market. Nevertheless, certain regions of the country appeared impervious to these challenging market conditions, witnessing a whirlwind…
Recent data from Realtor.com® unveils a striking reality: aspiring homeowners across nearly half of the United States must aspire to six-figure earnings to navigate the housing market’s currents. As of February, the latest figures indicate that on a national scale,…
In response to escalating interest rates, the real estate landscape in February witnessed a significant uptick in median down payments and a surge in all-cash offers, according to a comprehensive report from Redfin. These trends underscore the growing financial pressure…
In the realm of real estate, the latest data released by the National Association of Realtors (NAR) sheds light on the trajectory of pending home sales in February 2024 across the United States. While the month witnessed a 1.6% uptick…
Amidst the shifting landscape of the real estate market, recent data released by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau shed light on the impact of rising mortgage rates on new home sales across…
Pacaso, the fractional ownership platform co-founded by former Zillow CEO Spencer Rascoff, announced significant enhancements to its services this week, aimed at enriching its inventory and options for prospective buyers and collaborating agents. Established in 2020, Pacaso facilitates co-ownership of…
In the dynamic realm of real estate, recent data from the National Association of Realtors® (NAR) reveals a mixed landscape in pending home sales across different regions of the United States. While the Midwest and South experienced monthly gains, the…
Mortgage Rate Movement and Market Implications Amidst economic uncertainty, the real estate landscape experiences a notable shift in mortgage rates and their implications for prospective buyers and sellers alike. The recent data from Freddie Mac indicates a modest decline in…