Real Estate - Real Estate, Updates, News & Tips

The Biggest Garden Trends 2023: 22 Influential Planting Schemes and Designs

From sustainable materials to dopamine planting, these are the biggest garden trends to shape outdoor spaces for the year ahead Now is the ideal time to seek inspiration from the latest garden trends 2023 to start planting and landscaping your outdoor space to be summer ready.While every garden is different there are key garden trends each year that can help to reshape how we curate an outdoor haven for entertaining and relaxing. In recent y

Read More

Green-Friendly Home Updates Come Big and Small

The eco-friendly home is in demand. Here’s how to make yours one. Home buyers are willing to spend an extra $50,000 for an eco-friendly home that saves on energy costs, according to a new report(link is external) from Payless Power, an energy provider based in Texas. “With energy costs skyrocketing for households across the U.S, many are looking for ways to reduce their reliance on energy providers,” the report notes. The company

Read More

Spring Home Sales Hounded by ‘Push-Pull Demand’

Existing-home sales are up and down—falling most recently in April, according to NAR data—as tight inventory and mortgage rates create uncertainty. Existing-home sales fell last month as the spring real estate market remains fluid and sensitive to the ongoing inventory shortage and changing mortgage rates. Existing-home sales, which include completed transactions for single-family homes, townhomes, condos and co-ops, dropped 3.4% month over m

Read More

New Construction Buoys Bare Spring Real Estate Market

Home buyers flock to new builds in an effort to find more options amid persistently low inventory. More buyers are deciding to build a new home because they can’t find an existing property in the current low-inventory environment, and the increased demand is prompting home construction to ramp up. The new-home market is experiencing a strong turnaround after a sluggish fall and winter, and builders are feeling more optimistic as new homes make

Read More

Single-Family Rent Growth Slows for 11th Straight Month in March

Annual single-family rent growth decelerated to a rate of 4.3% during March, according to CoreLogic. Despite the slowing trend, rental prices are still largely going up on a monthly basis Prices for single-family rentals (SFRs) marked nearly a year of decelerating growth during March, a new analysis found.Annual single-family rent growth decelerated to a rate of 4.3 percent during March, according to the latest CoreLogic Single-Fam

Read More

Consumer Debt Passes $17 Trillion for the First Time Despite Slide in Mortgage Demand

Total consumer debt hit a fresh new high in the first quarter of 2023, pushing past $17 trillion even amid a sharp pullback in home borrowing.The total for borrowing across all categories hit $17.05 trillion, an increase of nearly $150 billion, or 0.9% during the January-to-March period, the New York Federal Reserve reported Monday. That took total indebtedness up about $2.9 trillion from the pre-Covid period ended in 2019.That increase came even

Read More

Mortgage Rates are Steadily Edging Downward

“A recent sideways trend in mortgage rates is a welcome departure from the record increases of last year,” says Freddie Mac’s chief economist. The average for the 30-year fixed-rate mortgage fell slightly to 6.35% this week, Freddie Mac reported Thursday, helping buyers save more on borrowing costs. “This week’s decrease continues a recent sideways trend in mortgage rates, which is a welcome departure from the record increases of last y

Read More

Mortgage Applications Surged Last Week but Rates are Climbing Again

Homebuyer applications for purchase mortgages rose 5% last week, but a strong jobs report and ongoing bank instability are pushing mortgage rates back up Homebuyer demand for purchase loans jumped last week as mortgage rates eased on hopes that the Federal Reserve is done raising rates.But mortgage rates have been climbing again this week after a strong April jobs report cast doubts on expectations that the Federal Reserve could begin r

Read More

The Seller's Market is Roaring Back as Buyers Vie for Limited Inventory

A 'drought' of new listings is driving up prices, reversing the sluggishness of late 2022, and forcing buyers to compete fiercely for homes, according to a new analysis from Zillow A year after mortgage rates began their precipitous climb and slowed the housing market way down, a “drought” of new listings is now driving prices back up and has ultimately brought back a seller’s market.That’s according to a new report fr

Read More

U.S. Life Insurers’ Mortgage Exposure Continues to Grow

Portfolios at U.S. life insurers tilted more toward mortgage investments, and away from bonds, in 2022, according to new data from the National Association of Insurance Commissioners’ Capital Markets Bureau.Life insurers ended the year with $5.3 trillion in cash and invested assets, up 2.9% from the total at the end of 2021.Life insurers’ mortgage assets increased 8.5%, to $695 billion. The share of life insurers’ assets inve

Read More

This website includes images sourced from third party websites including Adobe, Getty Images, and as otherwise noted.