Surging mortgage rates have finally cooled off the housing market. The cooldown, though, is coming unevenly, accentuating differences between the existing home market and new construction.The supply of existing homes, while still below normal, is surging as sales decline. Homebuilder stocks have slumped. Investors were braced for the worst when two major homebuilders last week reported quarterly earnings — along with their market outlook.Instea
From vehicles to lawn tools, electric features are here to stay and growing in popularity, which means homes need to be equipped to handle the demand.Key takeaways:As the demand for electric vehicles, solar battery backups, and electric tools increase, so too will the need for charging options at home.Retrofitting existing homes might mean upgrading electrical panels or coming up with creative solutions in the garage.Electric is here to stay, and
iPro was founded on the idea of building a better living with champion real estate services. We focus on incorporating and mastering the latest technologies and perform all types of real estate transactions. Our team of professionals set a stronger standard of business and give superior results.Click here for information on becoming a salesperson.
iPro was founded on the idea of building a better living with champion real estate services. We focus on incorporating and mastering the latest technologies and perform all types of real estate transactions. Our team of professionals set a stronger standard of business and give superior results.Click here for information on becoming a salesperson.
Just because you’re burdened with high student loan doesn’t mean you can’t get a good mortgage deal – but good credit will helpAmericans continue to hold a staggering amount of student loan debt, with the potential to derail many people's hopes of buying a home.The most recent data shows that American student loan borrowers – 45 million strong – owe about $1.7 trillion in student loan debt. That makes student loan debt the second-h
NAR economist says homebuying costs have increased $800 every month so far this year.Mortgage rates inched closer to 6% this week. The 30-year fixed-rate mortgage averaged 5.81%, up modestly from 5.78% last week, according to Freddie Mac. Borrowing costs are mounting higher and higher for potential home buyers, who now find themselves squeezed both financially and by low inventory.“Since the beginning of the year, home buying has cost about $80
iPro was founded on the idea of building a better living with champion real estate services. We focus on incorporating and mastering the latest technologies and perform all types of real estate transactions. Our team of professionals set a stronger standard of business and give superior results.Click here for information on becoming a salesperson.
First-time buyers often rely on family gifts to afford the down payments on their homes. Now California Legislators want the government to fill the role of a generous relative.Lawmakers are proposing creating a billion-dollar fund in this year’s state budget that would provide California’s first-time buyers either all of the money they need for a down payment, or very close to it, in exchange for partial ownership stakes in those residences.T
However, housing prices continue to accelerate, with the national median surpassing $400,000 for the first time. Read more from NAR’s latest report.Home sales are falling from their pandemic-fueled highs as home buyers tighten up their budgets. “Home sales have essentially returned to the levels seen in 2019—prior to the pandemic—after two years of gangbuster performance,” says Lawrence Yun, chief economist for the National Association
