Here’s What Homebuyers and Sellers Can Expect if the Fed Lowers Rates

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Lower mortgage rates tend to push up housing demand and prices. A weakened stock market and looming economic fallout from trade wars have led many to expect that the Fed will lower interest rates this year . If the rate cuts come, and translate to a decline in mortgage rates, homebuying will become marginally more affordable, which is likely to … Read More

Elizabeth Warren’s Plan to Forgive Student Debt Could Help Millennials Buy Homes 3 Years Faster

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Aspiring homebuyers in expensive coastal markets would see the biggest benefits, but the plan would do little to help the overall housing affordability crisis. A couple of weeks ago, 396 graduating seniors at Morehouse College in Atlanta received a massive graduation gift: their student debt was eliminated by billionaire Robert F. Smith . Thanks to his generosity, these newly debt-free … Read More

Luxury is Becoming More Attainable. Here’s What Luxury Homes for Sale Look Like Around the Country

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For the first time in years, the average sale price for luxury homes nationwide fell to $1.55 million in the first quarter of 2019.   Living luxuriously just became more affordable–relatively speaking. For the first time in nearly three years, the average sale price for luxury homes nationwide fell 1.6 percent to $1.55 million in the first quarter of 2019 … Read More

A Typical Boston Homebuyer’s Monthly Housing Costs Jumped $225 Thanks to This Year’s Mortgage Rate Hikes

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Similar increases are common in many other markets, leading buyers to ask: “Should I wait and see if prices fall or buy before mortgage rates go up even more?” If you’re currently searching for a home to buy, or thinking about buying sometime soon, mortgage interest rates are probably on your mind. The rate hikes and home price growth over … Read More

Housing Inventory Crunch Finally Subsides as Supply Posts First Annual Gain in Nearly Three Years

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September Home Sales Slump, Prices Post Smallest Increase Since the Market Bottomed in 2012 U.S. home-sale prices increased just 2.1 percent in September compared to a year ago, to a median of $292,000 across the 171 metros Redfin tracks. This was the smallest increase in home prices we’ve seen since February 2012, when the median home price bottomed out at … Read More

Spring’s Fastest Markets are Slowing Down this Fall

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Seattle, San Jose and Denver—among the nation’s fastest housing markets—are seeing a dramatic slowdown, with as little as one in three homes going under contract within 14 days, down from two in three earlier this year. As the housing market heated up this spring there were fourteen metro areas around the country (see chart below) where half or more of … Read More