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News
New Orleans Home Prices Fall Well Below the National Rate
1+ week, 2+ day ago (283+ words) Listings with price cuts If you're a buyer in New Orleans, your options haven't grown much—active listings slipped 0.6% year-over-year in August, even as inventory nationally expanded 3.6%. That gap means local supply stayed tighter than the broader market trend. Active…...
The True Carrying Cost of Vacation Homes: How Insurance Is Eating Second-Home Yields
1+ week, 6+ day ago (857+ words) At first glance, a 9% annual yield can make buying a vacation home sound like a pretty compelling investment. The headline number, from AirDNA, sits within the 7% to 10% long-term annual return some experts use for diversified U.S. stocks—and is nearly twice…...
Homebuilders See Material Costs Jump 6.7% in a Year, Squeezing Profit Margins
2+ week, 4+ day ago (372+ words) The cost of key materials used for building homes has increased by 6.7% over the previous year, according to a new survey. Homebuilders who responded to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) survey for July…...
Mortgage Applications Fall as Elevated Rates Discourage Late-Summer Buyers
2+ week, 5+ day ago (483+ words) Mortgage applications declined this week as interest rates ticked higher, driven by unrest in the Middle East, tariff wars with Canada, and continued concerns over inflation. For the week ending Aug. 26, MBA's Market Composite Index—a measure of total mortgage…...
Mapped: Where Homeowners Are Seriously Underwater on Their Mortgages
2+ week, 6+ day ago (591+ words) The share of seriously underwater homes is up half a percentage point from last year, and in states such as Minnesota, South Dakota, Iowa, Michigan, and the District of Columbia, it's risen dramatically. That's according to the latest report from…...
Housing Week Ahead: Home Prices, New Construction Insights, and 'Affordability Refugees"
3+ week, 10+ hour ago (233+ words) Get ready for another busy week in real estate data. On Monday, the Realtor.com Economics team kicks things off with the End-of-Summer Housing Update from Senior Economist Jake Krimmel. Tuesday features the quarterly Cross Market Report by Senior Economist…...
Fed Officials May Hike Interests Rate if Inflation Doesn't Ease
3+ week, 4+ day ago (373+ words) Federal Reserve policymakers see an interest rate hike as likely if inflation does not ease in the coming months, according to newly release meeting minutes. Minutes from the Federal Open Market Committee meeting held in Washington DC on July 28 and…...