Are you curious about the future of the housing market? What’s predicted for the housing market in 2025? Well, based on current trends and expert predictions, it seems that the housing market in 2025 will see a moderate rise in home sales,
Can Assumable Mortgages Offer Hope for Home Buyers in 2025?
Soaring mortgage rates in 2024? Let’s face it, today’s mortgage rates can sting. If you’re in the market for a house, that 7% average rate on a 30-year fixed loan might feel like a brick wall blocking your dream of
Financial Crisis 2008 Explained: Causes and Effects
What Caused the Financial Crisis in 2008? The financial crisis of 2008 is a significant event that affected the global economy. The crisis was caused by several factors that led to the collapse of the housing market in the United
Why a 2008-Style Housing Market Crash is Unlikely in 2025?
While headlines might paint a picture of a looming crash, a closer look at the data reveals a housing market more likely to experience a slowdown than a dramatic collapse. Let’s delve into the key factors that suggest stability rather
Is the Housing Market Headed for a 1970s-Style Downturn?
The 1970s are often remembered as a time of economic turmoil, with high inflation and interest rates creating a challenging environment for homebuyers and real estate developers alike. Today, some analysts are drawing parallels between that difficult decade and the
When Will Mortgage Rates Go Down to 3%? Is It Possible?
Imagine being able to secure a mortgage with an interest rate of just 3% again. Many hopeful homebuyers are wondering: when will mortgage rates go down to 3%? Unfortunately, as of November 14, 2024, 30-year fixed mortgage rates remain around 6.78%, casting a shadow of
Interest Rate Forecast for 2025 and 2026: Expert Insights
Money talks, but interest rates scream. As we peer into the economic crystal ball for 2025 and 2026, one number stands out: the Federal Funds Rate. This key benchmark set by the Federal Reserve shapes everything from your mortgage to
10 Major Pennsylvania Industries to Consider if You’re Working in or Moving to the Keystone State
If you’re considering moving to the Keystone State, understanding its economy might help your decision. Pennsylvania is home to many industries that fuel its economic growth and offer numerous career opportunities. Whether you’re browsing homes for sale in Pittsburgh or
Current Fed Interest Rate Set to 4.50% to 4.75% in November 2024
The Federal Reserve, the central banking system of the United States, continues to exert a significant influence on the economy through its monetary policy decisions, particularly in setting the federal funds rate. As of November 7, 2024, the Federal Reserve
7 Unique Things to Do in Charlotte, NC: The City to Remember
Charlotte, North Carolina, often known as the Queen City, is a vibrant metropolis brimming with a mix of Southern charm and modern allure. While popular attractions like the NASCAR Hall of Fame and Carowinds amusement park draw plenty of attention,
10 Major New York Industries to Consider if You’re Working in or Moving to the Empire State
Moving to the Empire State is an exciting prospect, whether you’re browsing homes for sale in Albany or apartments in Manhattan. New York is renowned for its dynamic economy, powered by industries that lead nationally and globally. From finance to
24 Home Maintenance Tips: Keep Your Home in Tip-Top Condition
Buying a home is one of the biggest decisions and purchases a person may make. Not only does it come with the financial responsibility of paying a mortgage, but also making sure to keep up on your home maintenance. If
How the “lavish” comp and perks NAR leaders enjoy compares to other housing trade groups
NAR’s volunteer leaders receive financial benefits that no other nonprofit in the housing space comes close to matching, 990 filings reveal. Earlier this week the National Association of Realtors(NAR) made headlines for the extravagant perks and compensation its executives and
What Is a Pocket Listing?
When you decide to sell your home and sign an agreement with an agent, one of the first things your agent will do is list your home on the Multiple Listing Service (MLS). The MLS is the database of homes
10 Ways to Insure Deposits Beyond the FDIC Limit of $250,000
The Federal Deposit Insurance Corporation (FDIC) provides a safety net for depositors in the United States, insuring up to $250,000 per depositor, per bank, for each account ownership category. But what happens when your deposits exceed this limit? In a
Side seeks more than $4 million from Alexander brothers, Official Partners
White-label brokerage Side is seeking more than $4 million from the Alexander brothers and the brokerage Official Partners. According to an amended complaint filed this week, Side alleges that Official Partners and its founders Tal and Oren Alexander committed multiple
10 Major Texas Industries to Consider if You’re Working in or Moving to the Lone Star State
Texas is a land of opportunity with a robust economy built on diverse industries. From energy to healthcare and technology, major industries in Texas power the state’s economy and attract countless new residents. For those considering moving to the Lone
Rethinking resident experience: Why consumer tech trends matter now more than ever
Industries like retail, banking, transportation and food service have undergone massive digital transformation in recent years by leveraging new technologies to enhance consumer experience. As a result, today’s consumers now expect the same seamless digital experiences in all areas of
Is Now a Good Time to Buy a House?
Key takeaways: If you have the means, now may be a good time to buy a house. The median U.S. home sale price hit $435,000 in October, following 16 months of year-over-year gains. Daily average mortgage rates topped 7% and
Fannie Mae’s new version of DU to focus on credit risks
Fannie Mae on Wednesday announced that its next version of the Desktop Underwriter (DU) software platform will be available for users on Jan. 11. The platform will feature “enhanced” risk assessment by incorporating new data points, including updated market conditions
Why Housing Prices Are So High in Today’s Market?
If you are looking for a home in the US, you may have noticed that the prices are skyrocketing. The nationwide median sale price of existing-home (for all housing types ) is now $404,500 (Sept 2024). Meanwhile, the supply of
Credit reports will be at least 20% more expensive in 2025, frustrated mortgage execs say
Executives at mortgage lenders anticipate a minimum 20% increase in credit reporting costs in 2025 compared to 2024. And the soaring costs will hit as lenders try to dig out from multiple years of financial losses and mass layoffs. In
Designing the Perfect Kitchen for Home Cooks
A well-prepared kitchen is the key to unlocking your cooking potential. As an experienced chef or beginner, the way your kitchen is set up can make a world of difference in your cooking process. As Mary Kathryn Reese of Kitchen
10.5 million borrowers at or over age 65 still have forward mortgages
While many older homeowners own their properties free and clear of a mortgage payment, this is not a feasible reality for many seniors. In fact, more than 10.5 million Americans at or over the age of 65 still pay into