The numbers: The S&P CoreLogic Case-Shiller U.S. 20-city price index fell 1.2% in September, its third consecutive monthly decline.
The decline matches the forecast of economists were expecting a 1.3% decline.
Year-on-year appreciation rose 10.4%, but that reflects the stronger conditions in late 2021. The figure is down from 13.1% in August.
A broader measure of home prices, the U.S. national index, fell by a seasonally adjusted 0.8% in September.
The gap between buying a home and renting one has widened since 2020, "The Wall Street Journal" reports. It now costs $3,058 a month to buy an entry-level home.
Do you know how much you need on hand to retire? Agent Lorraine Beato shares a cautionary tale about preparing now so that you are not selling homes well into your golden years to stay afloat.
Corcoran Group agents in Miami can now refer clients to the London-based Savills' global network and vice versa, allowing access to buyers and sellers in more than 70 countries.
The S&P Corelogic Case-Shiller Home Price Index reported a 10.6 percent annual gain in home prices during September, down from the previous month when they increased 12.9 percent.
The National Association of Real Estate Brokers says discrimination is holding Black buyers back in all steps of the home buying process, starting with the rejection of a mortgage application.
The gigantic Rocky Mountain home formerly owned by Larry Walker, who played for many years with the Colorado Rockies, has come on the market in Evergreen, CO.
Catch it for $3,950,033.
The sprawling estate on 6.5 picturesque acres sports eight bedrooms, 12 baths, and 13,452 square feet of interior space.
Built in 1996 and subsequently renovated over time, the megamansion features heated floors for chilly winter mornings, a library, game room, home theater, wine cellar, personal gym, built-in bar, and six fireplaces.
If you’ve recently bought a home, it’s normal to second-guess some of your decisions, large and small. A whopping 72% of recent homebuyers have regrets about their home purchases, according to a recent survey.
Many believe they paid too much (which makes sense in this wild market), but most others say their purchase was rushed. Details were overlooked, compromises were made, and now they live with regret. Every. Day.
The kitchen is one room where that regret sometimes simmers on low 24/7. Maybe buyers were willing to overlook an out-of-date kitchen if it meant they could afford an otherwise respectable house. Or perhaps they underestimated how much counter space they would actually need.
Read on for insight into the regrets homebuyers have about their new kitchens. Our experts offer cheap fixes for some issues and more involved solutions for others.
The once-hot housing market has been humbled in recent months. Higher mortgage rates, raging inflation, and widespread recession fears have brought the market to a standstill. Now a wave of mass layoffs at the country’s largest and highest-profile tech companies could hobble it even further.
Meta, formerly known as Facebook, laid off about 11,000 workers. Amazon has plans to let go of about 10,000 employees. And there’s been an ongoing bloodbath at Twitter since Elon Musk became the “Chief Twit.” These are the kinds of companies that grab big headlines and often influence the direction of smaller organizations. They also play an outsized role in the nation’s psyche.
Most homebuyers want to ensure their jobs are secure before making what is often the largest purchase of their lives, one that many will spend the next 30 years paying off. Higher mortgage rates have sidelined scores of potential homebuyers, while concern over the economy has caused many others to hold off on purchasing homes.
Nearly 137,000 workers were let go from about 850 tech companies and startups this year, according to tracking website layoffs.fyi.
Rents don’t historically fall during recessions, even as home prices do. Investors should keep the following in mind moving forward.
There was no time to tour the run-down cabin before buying it. But that didn’t matter: All they could see were the majestic trees surrounding it.
According to expert Drew Meyers, everyone's talking about proptech without even a whiff of the defining company in the category in the conversation. In fact, the largest proptech company is rarely mentioned.
Not sure how to make a decision or guide your clients to one? Author and trainer Bernice Ross provides a simple formula that leads to clarity and confidence for you and your clients.
Expert Gerard Splendore takes us back in time to when pastels and metals dominated the design world for kitchens and baths in the 1950s. This amazing time in design changes is still very popular today with those who love vintage fixtures
The proof is in the numbers as financial expert and self-proclaimed "cocktail" economist Peter Prudden dives into the unknown to try to determine what current market conditions may mean for the correction ahead.
Converting leads into clients isn’t easy, but knowing various types of clients and how to market to them will help. Chris Heller offers step-by-step strategies for capturing and converting the leads you need now.
The annual percentage rate, or APR, is how much you’ll pay in interest and other fees when borrowing money (e.g., when you get a mortgage loan or a credit card). APR can also be considered the total cost for borrowing money over a one-year period.
The “and other fees” clause is key here. When home buyers get a loan, they often obsess over the annual rate alone—say, that 5% extra you’ll pay every year for the life of your $300,000 loan. But that’s not where your expenses end, and that’s where APR comes into play.
“The APR includes the interest rate and other charges, which is why it’s usually higher than just your interest rate,” says Michele Lerner, author of “Home Buying: Tough Times, First Time, Any Time.”
People tend to think of annual percentage rate as the “true” amount they pay, because it includes all of the major upfront fees associated with the loan (e.g., closing costs, points, origination fees, and private mortgage insurance). It’s also known as the effective APR.
The former president and CEO died of natural causes on Nov. 27, according to a company announcement. The company will continue to support Burleson's philanthropic efforts.
What is a pre-qualification letter? A mortgage lender will give you this official document once you decide you might want to borrow money from the lender. But how much will that letter actually boost your chances of successfully making an offer on a house? Experts say it offers very little help.
“I tell most people they can take that pre-qualification letter and throw it in the trash,” says Patty Arvielo, a mortgage banker and president and founder of New American Funding, in Tustin, CA. “It doesn’t mean all that much.”
Of course, this letter does serve some purpose for home buyers, otherwise it wouldn’t exist, right? So is it worth pursuing pre-qualification before bidding on a house? Read on.
Of the two kinds of letters buyers typically obtain before they start house hunting—pre-qualification and pre-approval—the pre-qualification letter is the lesser of the two when it comes to buying power, says Denise Shur, a Realtor with 1:1 Realty in San Jose, CA.
A mansion known as the “Glass House,” in Boulder, CO, delivers crystal-clear Rocky Mountain views.
Built in 2008, the four-level masterpiece has hit the market for a whopping $12,995,000.
“The No. 1 feature of this home is the setting—sitting on a hill overlooking Boulder, offering incredible views to the west and to the east,” says Hunter Jorgensen of Compass, who is co-listing the property with The Patrick Brown Group.
And next on the long list of selling points? That would be the property’s luxe materials and impeccable construction.
