So the Federal Reserve just cut its benchmark interest rate by 50 basis points. But what does that mean for us poor souls stuck in a real estate world that feels like purgatory? It’s pretty complicated, but what you need to know in 10 seconds or less is that while mortgage rates probably won’t drop […]
Home sales fell 5.5% in July, a sharp decline from the 0.2% increase economists expected. Brad Case, chief economist at Middleburg Communities and a former Fed economist, joins Wealth! to break down the data and its signals for the state of the housing market. “The problem with the housing market, and this is what today’s […]
California’s Democratic-controlled state legislature has passed a polarizing bill that would make the Golden State the first in the U.S. to provide down payment assistance to illegal immigrants purchasing a home. U.S. Assembly Bill 1840, passed Wednesday, would give undocumented immigrants access to the state’s taxpayer-funded home loan program, which provides eligible first-time homebuyers with […]
Real estate prices in the US have reached a new record high, but are rising at a slower pace. The latest S&P CoreLogic Case-Shiller index of national home prices, released on Tuesday, hit a historic high in June, rising 5.4 percent year-on-year, compared to an increase of 5.9 percent in the previous month. “This is […]
Are you renting your first apartment? 5 things you should know: Video Make sure you know what to expect before you sign your lease. Located in the heart of downtown Montclair, The Clair, a 40-unit boutique rental community with luxury amenities, recently opened. The Clair, located at 37 Orange Road, was built by real estate […]
Hundreds of tenants will have a new landlord after a judge approved the sale of the Brith Sholom apartment complex in Wynnefield. Judge Anne Marie Coyle allowed the Philadelphia Housing Authority to buy the property from New World Commercial Credit for $24 million in the Court of Common Pleas on Monday. The sale will keep […]
The staircase and kitchen off the foyer. (Photo by Tea Tree Productions) A view from the house of the promenade and the beach. (Photo by Tea Tree Productions) Located just north of the street that runs through the neighborhood and leads to the boardwalk, this three-story Mediterranean-style home recently sold for $24.5 million, making it […]
SALT LAKE CITY (KUTV) — Many potential homebuyers in Utah are holding off on purchasing as they wait to see if the Federal Reserve cuts interest rates next month, which could lead to cheaper mortgages. Although mortgage rates are on many people’s minds, Utah home prices are still rising, but at a slower pace, said […]
The government of British Columbia says landlords will not be allowed to increase rents by more than three percent in 2025. The government announced that the change, which is linked to inflation, will come into force on January 1. This year, the permitted rent increase is 3.5 percent. “At a time when we know renters […]
As interest rate cuts by the US Federal Reserve are becoming ever more imminent, the situation on the real estate market has once again changed significantly. According to Freddie Mac’s latest forecast released Tuesday, home prices are expected to rise 2.1% in 2024 and 0.6% in 2025, marking the latest dizzying turnaround for this year […]
