Jill Comfort, a Phoenix-area Realtor, had a good feeling about the cream-colored stucco house she planned to show her client, a young man relocating to the city from California. It was in his budget, in the right location and had a huge pool and back...
Millennials who have been slow to make the move to homeownership are finally starting to edge out older buyers. Last year, millennials accounted for 36 percent of U.S. home buys — more than any other age group, according to the National Association of Realtors. Baby boomer buyers...
We've seen home prices marching steadily upward over the past few years, but now that mortgage rates are finally rising, too, home buyers can expect to see inflated mortgage bills, according to new data from realtor.com®. And nowhere are those bills growing more than in the tech hubs...
Home prices in Illinois, Florida, Nevada and Arizona have failed to reach pre-recession levels, and today nearly 2.5 million residential properties remain in negative equity. In the decade since the subprime housing crisis sunk the United States into recession, triggered the foreclosure of 1.2 million homes...
When the Texas Legislature reduces appropriations to school districts, each dollar we pay in higher local school property taxes counts for less. The Texas Commission on Public School Finance should review how drastically reduced state funding for school districts creates pass-through property tax hikes whose value...
On Monday First American released its latest Real House Price Index, which showed that real home prices increased 0.4 percentage points month-over-month and year-over-year in December. Furthermore, real house prices are 37.1 percent below the housing boom peak in July 2006. Consumer house-buying power, which is...
COLLIN COUNTY — A one-mile running track through a hay field outlines the Blake family's property. To outsiders, it's nothing special — just a mowed-down path where Shannon Blake and her kids run. But it's here — running along this piece of dirt — where Blake finds...
Mortgage rates have climbed to the highest level in close to four years, according to data released Thursday. The 30-year fixed-rate mortgage averaged 4.38% in the week ending Feb. 15, up from 4.32%, mortgage buyer Freddie Mac said. A year ago, the benchmark mortgage averaged 4.15%. The 15-year...
Dallas-Fort Worth has wound up in the top quarter of U.S. cities that are toughest for first-time homebuyers to crack. D-FW ranked 77th on mortgage firm LendingTree's comparison of conditions for first-time homebuyers. Denver, in 100th place, and New York in the 99th spot, were the two most challenging markets for first-time...
Worries about higher interest rates have sent Wall Street into a tailspin during recent days. The housing market may face some turbulence, too. Home mortgage rates rose this week for the fifth week in a row. The cost of financing a home is now at one of the...