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Stories Tagged as

Mortgage

Mortgage rates are falling. Will it offer buyers any relief?

by Samantha Fields
Sep 25, 2024
It all depends on what happens with home prices.
Mortgage rates fell in anticipation of the Fed's interest rate cut last week.
Christopher Furlong/Getty Images
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For most U.S. households, buying a home isn't within reach

by Caleigh Wells
Aug 20, 2024
The median home buyer's income is higher than the median U.S. household income. And the gap is growing.
Owning a home is increasingly reserved for wealthier Americans.
Patrick T. Fallon/AFP via Getty Images
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More trouble for real estate loans, but not the kind you think

by Matt Levin
Aug 8, 2024
High interest rates, lower than expected rents, and an oversupply of new apartments are squeezing landlords, especially those located in Sunbelt states.
Apartments are stealing office buildings' thunder when it comes to economic distress.
Angela Weiss/AFP via Getty Images
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First-time homebuyers are a growing share of the market

by Amy Scott
Jul 17, 2024
But not because it's easier to buy.
Michael and Lauren James, with real estate agent Joy Sushinsky, center, bought their first house this summer.
Amy Scott/Marketplace
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Rise in house completions means relief is coming for home seekers

by Samantha Fields
Jul 17, 2024
The increase in housing supply will help bring down, or at least steady, prices, experts say.
"The best way to deal with inflation is supply, right?" says Logan Mohtashami of HousingWire. "You want to build as much as you can and get those homes out there for people to live in and bring down the rise of rents."
ANNVIPS/iStock / Getty Images Plu
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Nearly 1 in 4 Black borrowers are denied a mortgage

by Stephanie Hughes
Jun 19, 2024
Comparatively, 1 in 10 white borrowers are turned away.
Racial disparities in the mortgage market persist.
Getty Images
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"Mom, Dad, will you cosign my mortgage, please?"

by Kristin Schwab and Sofia Terenzio
Jun 10, 2024
Young adults increasingly need help from a parent, or other older adult, to buy their first home. The tough market is removing some of the stigma.
Many parents are helping their kids buy a home, which makes "it that much harder for other people to break into the housing market when they don't have that help," said Abha Bhattarai at The Washington Post.
Joe Raedle/Getty Images
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A tax break to encourage homeownership primarily helps the wealthy

by Kimberly Adams
Jun 3, 2024
Economists argue the home mortgage interest deduction doesn't really work and costs the federal government tens of billions of dollars a year.
To be eligible for the home mortgage interest deduction, a buyer would have to be among the 11% of taxpayers who itemize their returns. Above, a home for sale in Damascus, Maryland.
Kimberly Adams/ Marketplace
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More housing stock means the market may be shifting in favor of buyers

by Amy Scott and Sean McHenry
Mar 18, 2024
New home listings hit a 17-month high in February, and as more sellers sell, housing prices could flatten, says Conor Sen at Bloomberg Opinion.
"We're seeing inventory really grow off the very low levels of last year," says Bloomberg's Conor Sen. "And in a market that's very undersupplied, that's becoming a meaningful amount of inventory."
Brandon Bell/Getty Images
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Adventures in Housing

For a couple in Maine, calling a Grange Hall home means financial freedom

by Sarah Leeson
Feb 23, 2024
With the goal of living mortgage-free, "I really knew that I would go anywhere and I would live in anything," Kate Mill says.
After living in Nashville, Tennessee, for 23 years, Henry Pile and Kate Mills bought this Grange Hall in Livermore Falls, Maine.
Courtesy Henry Pile
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