Homebuyers hoping for a flood of homes to hit the market from aging baby boomers may be disappointed by the results of a new survey. Among boomers who own homes, 54% say they never plan to sell the home they live in, according to a survey by Clever Real Estate. Now in the age range … Read more
Today’s high interest rates have created a ticking time bomb for many homebuyers who took out an adjustable-rate mortgage near the start of the COVID-19 pandemic. About 330,000 homeowners who took out an ARM in 2019 have already seen their five-year fixed-rate term end, and another 100,000 will join them next year, according to ICE … Read more
After years of high mortgage rates, the Federal Reserve finally cut rates on Wednesday at its policy meeting. The Fed doesn’t set mortgage rates, but the two numbers often move in the same direction — and this long-awaited rate cut should give the sluggish real estate market a much-needed jumpstart. Just 11 months ago – … Read more