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Mortgage Applications Dip As Rates Climb: 'It Is Still Cheaper To Rent Than Purchase For 82 Out Of 97 Major Cities'
Wednesday, December 18, 2024 - 1:00pm | 782The U.S. mortgage market hit a speed bump last week as rising interest rates pushed application activity lower, breaking a five-week streak of growth. According to the Mortgage Bankers Association (MBA), total mortgage applications decreased 0.7% for the week ending Dec. 13, 2024, signaling...
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US Needs 1.5 Million More Homes To Tame Record Prices
Monday, June 24, 2024 - 3:01pm | 540What is the key to bringing home sale volume up and home prices down? America’s current problem is insufficient supply, according to a new report outlining trends in the U.S. housing market. The Data: Freddie Mac’s May macroeconomic report examined key trends in the housing and mortgage...
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Should You Rent Or Buy A House?
Tuesday, March 26, 2024 - 3:15pm | 3674Buying a home is often considered the biggest financial decision people make in their lives. As a result, it makes sense as to ask yourself whether buying is the right choice when compared with renting. Unfortunately, this decision can easily get bogged down with the many assumptions and costs that...
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Cheaper To Buy A Home Rather Than Rent? Not Anymore
Tuesday, May 23, 2023 - 1:14pm | 375In a twist to the long-standing belief that buying a home is more financially savvy than renting, a recent study from Redfin Corp (NASDAQ:RDFN) tells a different story. What Happened: Today, in all but four major U.S. metros, it is notably more costly to buy a home than to rent one. Among the 50...
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10 Cities Where You Don't Want To Be A Landlord
Thursday, March 9, 2023 - 2:27pm | 904Investing in rental properties can be a lucrative business venture, but not all cities are equal in terms of landlord challenges. Some cities impose high property taxes and strict landlord-tenant laws or have low rental demand, slow economic growth and job creation challenges. For instance, because...
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Pre-Retirees: When Your Mortgage Outgrows Your Lifestyle
Sunday, May 8, 2016 - 4:38pm | 628Having a mortgage when you’re nearing retirement age can be a scary prospect. However, it’s not an unheard of situation. For whatever reason, whether your mortgage term extends into your retirement-date goal or you’ve had to take out a second mortgage/refinance your home and the...
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The 411 On Deciding To Downsize In Retirement
Sunday, April 3, 2016 - 7:05pm | 992There are many reasons retirees may consider selling their home once they retire or hit a certain point in retirement. Making that decision, however, is not easy, nor should it be taken lightly. Moving Motivations Before any decisions are made, it is important to delve into the reasons you wish to...
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The Rental Nation: How New Technologies & Economic Uncertainty Have Transformed the Market
Wednesday, December 4, 2013 - 9:59am | 1021Are U.S. consumers transitioning to a rental culture? The idea of rent-to-own products like furniture, cars and electronics has been around for decades, if not longer – and was considered a trend born of economic necessity, especially as the recent recession deepened. If you can't afford to...