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The housing market’s volatility in recent years has made buying a home increasingly unaffordable for many. Zillow’s latest report highlights a 20-year high in mortgage interest rates, but there’s a glimmer of hope for prospective buyers in 2024. Anticipated increased housing inventory, reduced home prices, and broader rental options might alleviate the financial strain. Skylar […]

Over the past three decades, Nashville, Tennessee, famed for its association with country music, has witnessed a substantial influx of newcomers relocating from pricier cities. Jeff Hite, Chief Economic Development Officer of the Nashville Area Chamber of Commerce, highlights the diverse reasons driving individuals to move, ranging from job prospects to seeking an improved quality […]

Amid the fifth consecutive week of declining mortgage rates, homebuyers began trickling back into the market, albeit insufficiently to revive normalized activity levels. The average 30-year fixed mortgage rate fell to 7.22% from 7.29% the previous week, as per Freddie Mac’s report. While the decrease offered some financial reprieve for buyers during a traditionally slower […]

In October, contract signings for existing homes hit their slowest pace in over 20 years, as reported by the National Association of Realtors (NAR) on Thursday. The index reading of 71.4 marks the lowest since its inception in 2001, signifying a notable drop in pending sales from the previous month. Despite the decline in contract […]

GOBankingRates tracks real estate trends to pinpoint where Americans are buying and selling homes. According to Redfin data, Oakland emerges as California’s prime city to buy homes, boasting a median sales price of $925,000, up 8.8% annually, and homes spending a mere 19 days on the market, with 72% selling above asking price. Despite climbing […]