Mortgage rates rise to highest level since 2002, driving down housing demand
Mortgage rates and 'lingering inflation, recession fears and housing affordability' are driving down demand for housing, Freddie Mac said.
Fergie lists $4.2M luxury California estate that she built with her father; vineyard, mountain views included
A California estate built by the Black Eyed Peas singer Fergie and her father has been listed for more than $4.2 million. The home features a spa and a fire pit.
Buyers are willing to pay: First-time home purchases rise in 2022
FOX Business' Jeff Flock discusses how first-time house buyers are navigating the housing market amid fears of rising interest rates on 'Varney & Co.'
Mortgage rates resume their climb
Freddie Mac said the 30-year fixed-rate mortgage hit it's highest level since 2002 this past week, reaching a high of 6.92%. This is up from 3.05% a year ago in Oct. 2021.
Foreclosure activity increases in the United States
One in every 1,517 properties nationwide had a foreclosure filing over the three-month period ending in September, according to new data released by ATTOM's Foreclosure Market Report.
Home prices see ‘forceful deceleration’ in July: Case-Shiller
Home prices decreased slightly on a monthly basis in July, and annual growth decelerated, according to Case-Shiller. Here's how you can take advantage of your home equity.
Real estate expert compares 2008 market crash to today’s housing sector
‘Mansion Global’ host Katrina Campins draws comparisons between today's housing market and the 2008 housing crash and discusses factors impacting real estate.
Mortgage rates down slightly but not much for homebuyers
Mortgage rates dipped slightly last week but still "remain quite high compared to just one year ago," Freddie Mac said.
Fewer homebuyers entering bidding wars amid high mortgage rates: Redfin
Amid high mortgage rates, only 44.6% of home offers through Redfin received a competing bid in August, down from the same time last year, according to data from real estate brokerage company.
Elvis and Priscilla Presley’s ‘honeymoon hideaway’ home hits the market for $5.6M
Elvis Presley and his wife, Priscilla, welcomed their only child, a daughter named Lisa Marie Presley, in 1968. The couple divorced in 1973. The singer passed away in 1977 at age 42.
Turning vacant office buildings into apartments presents a 'historic' solution to housing crisis, expert says
Alexandria Real Estate Equities founder Joel Marcus says transforming vacant office buildings into apartments could bring more housing supply to U.S. markets.
Turning office buildings into apartments offers ‘an awfully good solution' to rising housing costs: Joel Marcus
Alexandria Real Estate Equities founder Joel Marcus says the push to transform vacant offices into apartment buildings presents ‘a historic opportunity.’
Big cities pushing to transform empty office buildings into apartments
Alexandria Real Estate Equities founder Joel Marcus says collaboration between the private and public sector will be ‘important’ in the construction process.
Florida, Texas housing markets continue to ‘thrive’ off Northeastern residents: Katrina Campins
‘Mansion Global’ host Katrina Campins surveys America’s volatile housing market as certain U.S. regions begin to see a cooling in home prices on ‘Varney & Co.’
Mortgage activity hits 25-year low as rates rise
The Federal Reserve's strategy of raising interest rates in an attempt to fight sky-high inflation is sending mortgage rates higher, hurting home buyers.
Facebook parent Meta to shrink some offices as it adapts to hybrid work
Facebook owner Meta plans to shrink office space as workers continue to work from home in a hybrid model, trying to keep the energy of the workplace alive.
CEOs warn tough recession coming, home sales lower and more: Tuesday's 5 things to know
Traders will be cautious after 91% of CEOs surveyed by KPMG said they think there will be a recession in the next 12 months, as they look at potentially reducing their workforce.
Mortgage rates surge as market reacts to economic uncertainty
Mortgage rates surged again, averaging more than double what they were last year, Freddie Mac said.
Most homeowners find renovations worth it despite the expense, study says
A new study by House Method said that the majority of U.S. homeowners who have undertaken a home renovation found the time and money they spent on the projects to be worth it.
Million Dollar Listing's Josh Flagg: purchase homes before interest rates move higher
According to Redfin, luxury home sales fell 28.1% year over year during the three months ending Aug. 31, 2022, the biggest decline on record since at least 2012.