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A second home in Ireland is a "special place" to host friends for this Wisconsin woman

May 24, 2024
"I invite people to stay there with me when I'm there," said Aileen Smith about her second home in Tramore, Ireland. "I never get tired of having guests. It's fun every single time."
Aileen Smith had always loved Ireland and had visited often. Buying a second home there so that she could host friends made sense.
Courtesy Aileen Smith

High interest rates have frozen the real estate market. When will it thaw?

May 23, 2024
Mortgage rates have popped back up above 7%, sales have fallen and builder sentiment is down. 5% would get things moving, per one economist.
Mortgage rates above 7% weigh on the housing market. Buyers can’t afford the high monthly payments, and sellers don’t want to move and give up their cheap loans.
Frederic J. Brown/AFP via Getty Images

Homes in most metropolitan areas are overvalued, a new report says. Here's why.

May 22, 2024
Normally, higher interest rates mean cheaper homes. Not this time.
"I’ve had clients ask me when the bubble is gonna burst for a decade. It’s not gonna burst," said Greater Nashville Realtors President Kevin Wilson of the city's real estate market.
Saul Loeb/AFP via Getty Images

For some, a multigenerational household involves both love and economics

May 21, 2024
Following a stroke and Parkinsonism diagnosis, the family of Carol Lawler decided it would be best to come — and live — together.
John Lawler and his daughter, Katie, at their home in Minnesota.
Chris Farrell/Marketplace

Students live alongside seniors at this Minnesota residential facility

May 20, 2024
At the Watkins Manor assisted living facility, eight students live and volunteer with 45 senior residents.
The Watkins Manor multigenerational living facility in Winona, Minnesota.
Chris Farrell/Marketplace

Primary home stock gets a boost as demand for second homes drops

May 13, 2024
Softer demand for second homes has led to greater inventory in some markets, but overall, the climate is still competitive for buyers.
In 2023, demand for vacation home mortgages fell 40%, according to Redfin. And there are signs things haven’t exactly picked up this year.
zimmytws/Getty Images

From the 1920s to the 2020s, cash-strapped homebuyers turn to smaller homes

May 13, 2024
Home builders are making new homes smaller to keep prices down. In Southern California, where land is scarce and housing is expensive, buyers are turning to small pre-war homes or ADUs.
Smaller pre-war homes, built before 1940 and under 1,500 square feet, vary in price based on location, size and condition. In South L.A., price per square foot can range from $300-800.
Courtesy Michael Robleto

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How a new house turned into a "starter, middle, and ending" home for this Texas woman

May 10, 2024
"I'm just attached to it because it's taken care of me and I'm taking care of it," said Violet O'Brien on why she's choosing to age in place in her Houston home.
Violet O'Brien has decided to age in place in her Houston home.
Courtesy Violet O'Brien

U.S. rents have grown faster than wages for the past 5 years

May 8, 2024
Rent growth is slower in some places, but much faster in others. We're looking at you, New York City.
Rent grew seven times faster than wages last year in New York City; rents also outpace wages in Boston, Cincinnati, Buffalo and Chicago.
Spencer Platt/Getty Images

For retirees, homeownership may not be the asset it used to be

May 7, 2024
Paula Span of The New York Times says that these days, aging in place might feel more like being stuck in place .
Many older couples want to downsize, but in a competitive, high-priced market, moving to a smaller home can be a challenging option.
David Ramos/Getty Images