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Homebuying

Homebuyers face a double whammy: rising mortgage rates and rising prices

by Samantha Fields
Oct 5, 2023
The average monthly payment on a new mortgage rose 46% in 2022, and home prices and mortgage rates have continued to climb in 2023.
With home prices and interest rates so high, people are increasingly having trouble qualifying for a mortgage.
Joe Raedle/Getty Images
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Islamic home financing expanding in the U.S., opening doors for Muslim homebuyers

by Ari Snider
Sep 18, 2023
Islamic finance offers alternatives to conventional loans and mortgages to comply with a religious prohibition on interest, which is seen as financial exploitation.
Sophie Mutamuliza, seated in purple headscarf, and her husband, Adam Abeza, standing, with their four children outside the family's home in Maine this summer. The family was one of the first to close on a home using Maine-based Androscoggin Bank's new Islamic mortgage solution.
Ari Snider
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"Date the rate, marry the house": The lure of refinancing when buying a home

by Matt Levin
Aug 22, 2023
Mortgage rates are still high, but some real estate agents have been citing an old refrain: "You can always refinance." Except, others say, when you can't
Even if mortgages get cheaper, so might homes, which would complicate refinancing, said Sacramento real estate agent Erin Stumpf.
Andrew Caballero-Reynolds/AFP via Getty Images
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Adventures in Housing

Checking in on the path of pandemic homebuying

by Maria Hollenhorst
Aug 10, 2023
Three real estate agents explain how their communities have changed.
The flow of out-of-state buyers into rural communities has not stopped, according to one Montana real estate agent.
Justin Sullivan/Getty Images
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The pandemic has changed the housing market in more ways than one

by Matt Levin
Oct 26, 2021
Pricing may cool down, but the pandemic will likely permanently change the way we buy homes.
A townhouse for sale is seen in Brooklyn, New York in October 2020. Homebuyers may see things like virtual tours and staging long after the pandemic.
Angela Weiss/AFP via Getty Images
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