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July 2024 brought a glimmer of optimism to the U.S. housing market as existing-home sales edged upward, breaking a four-month streak of declines. According to the latest data from the National Association of Realtors, sales saw growth in most regions, with notable…

Mortgage rates dipped last week, sparking renewed interest among some potential buyers, but the housing market remains in a delicate balance. Despite the slight drop in rates and home prices, pending sales have seen their steepest decline in nine months, highlighting…

In June 2024, the U.S. housing market experienced a notable downturn, with existing-home sales falling by 5.4% compared to the previous month. Despite this decline, the median sales price reached an all-time high for the second consecutive month, signaling a shift in market…

Interest-only mortgages provide a unique approach to home financing by allowing borrowers to pay only the interest for an initial period, usually between five to ten years. This structure can offer significant short-term financial relief with lower monthly payments, making…

In the first quarter of 2024, U.S. homeowners with mortgages enjoyed a significant boost in home equity, increasing by 9.6% year over year. According to CoreLogic's Homeowner Equity Report, this translates to a collective gain of $1.5 trillion, or an average increase of…

Navigating today's real estate market can be challenging, but there is some encouraging news for potential homebuyers. According to the latest monthly housing report from Realtor.com, the number of homes for sale has been on the rise for seven consecutive months, providing…

The U.S. housing market faces a challenging period as new government data reveals a decline in single-family homebuilding and permits for April 2024. This drop, influenced by rising mortgage rates, contrasts with an overall annual increase in housing starts. Despite the…

Looking to purchase your first home can be exciting and daunting at the same time. It marks a significant financial commitment and requires thoughtful planning and decision-making. As you work through the process, it is crucial to arm yourself with the correct knowledge and…

With spring's arrival, it's the ideal time for homeowners to tackle various indoor and outdoor maintenance tasks. Now is the time to perform essential upkeep, from cleaning gutters to prepping gardens, ensuring our homes look and function their best. Check out this article…

As the real estate market heats up, securing your dream home has become very competitive. After finding the right property, creating a competitive offer is essential in distinguishing you from the crowd. Making a strong offer on a home requires a blend of strategy,…

Embarking on the journey towards homeownership culminates in what is known as the closing process. The closing process includes the signing of documents, the exchange of funds, and the much-anticipated handing over of keys. However, this pivotal moment can be delayed by…

The U.S. housing market has experienced a significant uptick, gaining $2.4 trillion in the last year and reaching a monumental total value of $47.5 trillion, according to a comprehensive analysis by national property broker Redfin. Amid a backdrop of sluggish demand due to…