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...
Tag: Real estate
Confused about the housing market? Here’s what’s happening
A “For Sale” sign is seen outside a home in New York. Shannon Stapleton | Reuters The slowdown in the otherwise red-hot housing boom has been stunningly swift. The U.S. housing market surg...
Homeowners lose wealth as rising interest rates weigh on home values
A “For Sale” sign outside a house in Albany, California, on Tuesday, May 31, 2022. David Paul Morris | Bloomberg | Getty Images Some homeowners are losing wealth as high mortgage rates wei...
Mortgage demand drops further as interest rates shoot back to June high
GP: Homes for sale Brittany Murray Via Getty Images | Medianews Group | Getty Images In June the average rate on the 30-year fixed shot over 6% briefly, and that was enough to turn the once-hot housin...
When It Pays to Have a Mortgage in Retirement—and When It Doesn’t
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‘Vulnerable time for the housing market’: Mortgage rates are now double what they were a year ago, and will weigh on house prices
The 30-year fixed-rate mortgage averaged 5.66% as of Sept. 1, according to data released Thursday by Freddie Mac. That’s up 11 basis points from the previous week — one basis point is equal to one hun...
More home sellers drop their asking price as the housing market cools
Daniel Acker | Bloomberg | Getty Images Home sellers are getting nervous, as the once hot housing market cools fast. One in five sellers in August dropped their asking price, according to Realtor.com....
Celebrity Medicare Sales Pitches Are Toned Down After Scrutiny
If it’s football season, you can count on seeing Joe Namath on television, along with William Shatner and Jimmie “J J” Walker. They are the most prominent pitchmen for what has become an annual fall s...
Flood losses covered by insurance are jumping drastically
This aerial photograph taken on September 1, 2022 shows flood-affected people taking refuge in tents after heavy monsoon rains in Dera Allah Yar town of Jaffarabad district, Balochistan province. R...
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...
The Investment Paradigm Has Flipped
Investing Has Become Much More Difficult getty If your investment portfolio has been struggling recently, it might be time to rethink your strategy. It may well be that what has worked during the past...
Mortgage demand falls even further, as rates shoot back up to July highs
A real estate consultant shows a condo to a prospective buyer in Miami, Florida. Joe Raedle | Getty Images After falling back earlier this month, mortgage rates began rising sharply again to the highe...
I set up a company with friends. It has sales of $1 million. Two partners hijacked control of the bank accounts, and want to push others out. What can we do?
I went into business with friends operating a night market. We hold big events every two weeks. We started an LLC as equal members, all with a 25% share. Friend A had the idea to do it and said they w...
Home prices weaken but are still much higher than a year ago: S&P Case Shiller
A “For Sale” sign outside a house in Albany, California, on Tuesday, May 31, 2022. David Paul Morris | Bloomberg | Getty Images Home prices in June were 18% higher than during the same mon...
Fannie Mae says fixed mortgage rates could fall to 4.5% next year
The Good Brigade | Digitalvision | Getty Images Mortgage rates are projected to decline next year — but that doesn’t mean prospective homebuyers should necessarily delay a purchase for the prosp...
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...
Shrinking the Fed’s balance sheet sheet is not likely to be a benign process, new Jackson Hole study warns
“If the past repeats, the shrinking of the central bank’s balance sheet is not likely to be an entirely benign process and will require careful monitoring of the banking sector’s on-and off-balance sh...
‘It’s a remarkably uncertain time’: Redfin CEO warns of rapidly cooling housing market — says deals under contract are being cancelled
After a stellar two-year run, the housing market is sputtering as buyers pull back sharply. One real-estate chief said the market is indeed course-correcting, and it’s getting hard to make a deal as m...
These dividend stocks can protect you as the Federal Reserve slows the economy
With Federal Reserve Chairman Jerome Powell set to deliver an important speech Friday, investors may finally begin to take him at his word: The central bank is going to maintain a hawkish stance to co...
‘I thought we were pretty solid’: My girlfriend and I sold our Florida home. The $200,000 profit was wired to her account. She refuses to give me my fair share.
My long-time girlfriend and I moved to Florida three years ago. After renting a home for a year in an area we liked, we bought a home together. I was not working at the time, she was, so we agreed tha...