United States property investors are putting the pedal to the metal and feeling optimistic despite a turbulent housing market United States property investors are putting the pedal to the metal and feeling optimistic despite a turbulent housing market, according to a pair of reports.The share of homes purchased by investors reached a new high in the fourth quarter of 2023, and investor sentiment remains relatively high heading into the
U.S. prices moderated in February, with the cost of services outside housing and energy slowing significantly, keeping a June interest rate cut from the Federal Reserve on the table.The report from the Commerce Department on Friday also showed consumer spending rising by the most in just over a year last month, underscoring the economy's resilience. The United States continues to outperform its global peers despite higher borrowing costs, thanks
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Mortgage rates moved down a bit this week, in line with the benchmark 10-year Treasury, as the markets continue to digest comments from Federal Reserve members.The 30-year fixed loan averaged 6.79% as of Thursday morning, down 8 basis points from the previous week's 6.87%, according to the Freddie Mac Primary Mortgage Market Survey. For the same period last year, the average was 6.32%.Meanwhile the 15-year FRM averaged 6.11%, down from
We've upgraded our website with a newly advanced AI-induced listing search engine along with additional features throughout the website that offer a more captivating experience. The new search capabilities include an inviting process that accepts more usual search engine lingo and can be activated with standard search prompts. For example, you can search: "Looking for a 4 bedroom 3 bath house within 30 miles of Los Angeles for $2-5 million with a
From our home to yours... We hope you have a fun and lovely Easter Sunday.
Newly built properties are not flawless. Bringing in an inspector for multiple checkups during construction can solve problems early.New-home buyers may want to bring an inspector into the construction process earlier and at multiple intervals—such as when the foundation is poured and again before the walls are sealed.Adam Long, president of HomeTeam Inspection Service, which has 200-plus offices nationwide, says “phase inspections” can off
A new realtor.com® analysis looks at historical listing metrics to pinpoint when sellers have the biggest advantage this spring.Mark your calendar: The week of April 14 could offer the perfect mix of market conditions for home sellers, according to a new realtor.com® study(link is external).The study, an analysis of trends in home sales, finds that sellers could potentially fetch as much as $34,000 more for their home if they list between
The judge's ruling supports a federal rule that opens insurers to legal liability for disparate-impact claims.A federal judge in Illinois ruled in favor of the U.S. Department of Housing and Urban Development on Tuesday, concluding a 10-year-old case brought against it by a major insurance industry lobbyist group.The Property Casualty Insurers Association of America first filed the suit against the Housing Department in November 2013, a
Interest expenses exceeded earnings as rates climbedCentral bank boosted interest rates to fight inflationThe Federal Reserve’s expenses exceeded its earnings in 2023 by $114.3 billion, its largest operating loss ever, forcing the US central bank to forgo remittances to the Treasury as interest rates remain elevated.Interest expenses, which includes reserves balances at the Fed’s reverse repo operations, nearly tripled to a $281.1 billio
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