The trend could bode well for the spring homebuying season, the Mortgage Bankers Association said Wednesday, but Federal Reserve policymakers may take their time before cutting rates Falling mortgage rates prompted more prospective homebuyers to apply for a mortgage last week, a trend that could bode well for the spring homebuying season, the Mortgage Bankers Association (MBA) said Wednesday.The MBA’s latest Weekly Mortgage Applications Survey
Attorney and new Inman Contributor Rachel Streitfeld examines how changes to Florida's zoning laws could free up vast tracts of land for high-density new home construction The affordable housing landscape in Florida is poised for major changes, thanks to the Live Local Act. Also known as SB-102, this revolutionary piece of legislation is set to encourage the creation of much-needed affordable and workforce housing in a state that h
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Say goodbye to the ordinary as home design moves toward the extraordinary with an extra-personalized aesthetic.Homes today fulfill a lot more purposes, providing comfort, wellness and an eco-friendly and personalized space—all in a technological way. Home layouts are being reconfigured, too. Dining rooms have become nearly extinct, living spaces are being designed for flexibility, and wellness rooms are channeling more positive vibes.Homes have
In honor of this civil rights milestone, we still stand with you Martin Luther King Jr. "I Have a Dream" is a public speech that was delivered by American civil rights activist and Baptist minister Martin Luther King Jr. during the March on Washington for Jobs and Freedom on August 28, 1963.
Americans feel increasingly optimistic that rates will drop even further throughout the year, surveys show.As mortgage rates settle into the 6% range—the 30-year fixed rate loan averaged 6.66% this week, according to Freddie Mac—home buyers appear to be gradually returning to the market. Mortgage applications for home purchases, which is a gauge of future home sales activity, rose about 6% last week, the Mortgage Bankers Association reports.
The tragic economic plight of the millennial has been extensively documented (although sometimes questioned and debunked). The starting fact of two historic recessions before they turned 40 is contrasted with the refrain that baby boomers had to weather high interest rates and economic downturns, too. But two stark facts support the narrative that the generation entering homebuying age has terrible economic luck
Demand for purchase loans picked up last week as would-be homebuyers took advantage of rates that are still a full percentage point lower than 2023 highs, MBA lender surveys show After two months of declines, mortgage rates are starting out the new year on a gentle ascent, and mortgage lending standards are tighter than they’ve been in a decade.But demand for purchase loans still picked up last week as some would-be homebuyers put the holi
One of the nation’s largest experiments in affordable housing to address chronic homelessness is taking shape outside the city limits.On the outskirts of Austin, Texas, what began as a fringe experiment has quickly become central to the city’s efforts to reduce homelessness. To Justin Tyler Jr., it is home.Mr. Tyler, 41, lives in Community First! Village, which aims to be a model of permanent affordable housing for people who are chronically
From cane frames to woven chair backs, a touch of fast-growing rattan adds warmth to interiors.Did you know your porch’s wicker furniture and the arched cane bookshelf at your favorite coffee shop might be made from the same material? Warm and natural, rattan has been an interior design mainstay for decades, most notably in the 1970s.Though rattan looks similar to bamboo, rattan is more pliant, making it a more flexible choice for furniture and
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