Real estate observers already know that home prices are rising all over the country, but new data from the federal government shows that home prices haven't risen by this much in 15 years.
Before this year, the prevailing market interest rate for a 30-year, fixed-rate mortgage had never been lower than 3.3%. That record fell back in March. Since then, the prevailing market rate has set new record lows...sixteen different times.
In a sign that things may be returning to some semblance of normalcy, home sales are slowing down at the end of the year, the same as other 'regular' years.
Despite how hot the housing market is right now, one area of housing isn't quite as popular these days: home flipping. A new report shows that home flipping is declining in popularity, but that decline is in spite of the fact that it's never been more profitable to flip a house.
When we last heard from homebuilders, they were feeling better about the housing market than they ever had before. One month later, homebuilders are still feeling very good about the market, albeit not quite as good as they were last month.
Looking for a new home? Well, the one you want might be sold already. That's because houses are selling faster right now than they have at any point since at least 2012.
Given how much home prices have gone up over the last year, it’s probably not much of a shock that homeowners have gained equity as well. But just how much equity those homeowners have gained is a bit shocking.
If there's one thing that's clear in this crazy year, it's that a home just being a home isn't enough anymore. And that's leading to a lot of people thinking much differently about what they need from their home than they used to. Here is a look at how Californians changed how they think about their homes in 2020.
A few weeks ago, New American Focus brought you a look at the top 10 housing markets for next year. Now, a new forecast from realtor.com suggests that the top 10 housing markets in 2021 will be much different than those earlier predictions.
Before this year, the prevailing market interest rate had never been lower than 3.3%. But not only did interest rates fall below that level for the first time ever, they’ve since fallen to new record lows more than a dozen other times over the course of the year. That leads to the obvious question: just how long are these low rates going to last?
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