Dear MarketWatch, I want to buy a house in a different state for under $300,000. I have $150,000 in cash and a mortgage-free house worth $300,000. I also have $300,000 in my brokerage account. But w...
Tag: Real Estate/Property
‘We’re seeing buyers backing out’: This dramatic chart reveals U-turn in the housing market as sellers slash home prices
Here’s a chart that speaks a thousand words about the state of the real-estate market right now. The chart above, part of a new report by real-estate brokerage Redfin RDFN, -7.03% on the property mark...
Mortgage Rates Are Soaring. What Financial Pros Say Clients Should Do.
The low-rate mortgage boat has sailed. According to Freddie Mac, the average interest rate on a 30-year fixed-rate home loan is now 6.7%, more than double the 3.01% rate from this time last year. That...
‘I’m paycheck to paycheck.’ I make $350K a year, but have $88K in student loans, $170K in car loans and a mortgage I pay $4,500 a month on. Do I need professional help?
I’m the first of my generation to own a home and the first to earn this much annually and don’t want to mess this up. How, specifically, can a financial adviser help me? Getty Images Question: By the ...
What will happen with inflation, interest rates and housing? Here’s what to expect in the next two years, and what could go wrong.
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The major county in America where home prices just dropped the most is …
Buyers may be starting to see home price drops in some areas. (Getty Images) Home buyers have watched as home prices marched upwards for the past few years, but now many of you will finally get some r...
Mortgage rates recently hit their highest level since 2007. Here’s what 5 economists and real estate pros say will happen next with rates
Where will mortgage rates go from here? Getty Images Since the start of the year, mortgage rates have been trending upwards — and according to many experts, this trend will likely continue through Oct...
These are the 10 major housing markets that just saw the biggest declines in home equity
Plus, what to know if you’re thinking about taking out a HELOC. Getty Images/iStockphoto As home prices soared in recent years, homeowners enjoyed record levels of tappable home equity, which is the a...
Can you avoid that 6% mortgage rate? Here’s what pros think will happen next with mortgage rates
What might mortgage rates look like this month? Getty Images This past week, average 30-year mortgage rates crossed the 6% mark — though many borrowers can still snag lower lower rates than that — aft...
When It Pays to Have a Mortgage in Retirement—and When It Doesn’t
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China’s Property Market Has Slid Into Severe Depression, Real-Estate Giant Says
Listen to article (1 minute) One of China’s largest developers said the country’s property market has tumbled into a severe depression, using some of the strongest language yet to describe the yearlon...
Here’s What a $2 Million Retirement Looks Like in America
For many Americans, retirement advice is limited to encouragement to save more or warnings that they haven’t saved enough. But most people get little guidance or give little thought to what to do with...
‘Home prices where I live are close to $600,000.’ Is it a smart move to buy a house with all-cash — or better to take out a mortgage?
Dear Big Move, I’ve recently been thinking about purchasing my first home at 35. I have a nest egg of about $1.8 million that I’ve accrued over the past 14 years. This money is completely invested in...
‘I’m in a very lucky position’: I will receive a $300,000 inheritance. Should I pay off my mortgage or invest the money?
I currently owe $300,000 on my house with a 2.5%, 30-year mortgage. I am maxing out my retirement accounts — IRA and 401(k) — and looking to retire in less than 10 years. I will receive an inheritance...
Duke Energy Sees a Bright Future for Nuclear Power
I figured I’d put the uranium rods near the basketball hoop. Water from the nearby garden hose would serve as both the coolant and the moderator, slowing the neutrons enough to keep my chain reaction ...
‘The real mortgage rate is a negative number.’ As inflation stubbornly sits at a 40-year high, do current mortgage rates look better than they seem?
What is the so-called ‘real mortgage rate’ and does it matter? Getty Images/iStockphoto I write about mortgage rates every week, but recently, I’ve heard some sources chattering about what’s called th...
Should you rent or sell your home if you’re setting off overseas?
One of the biggest questions that many older workers face when embarking on an international remote working or digital nomad lifestyle is what to do with their single most valuable asset: their home. ...
Americans are souring on the housing market. Home buyer sentiment hits lowest level since 2011 — and mortgage rates reach 7%.
There’s no respite for home buyers these days. From rising rates, high home prices, and an uncertain economic outlook, shoppers are finding it hard to jump into purchasing a home. Fannie Mae noted th...