September 18, 2024, 7:47 a.m. CDT In anticipation of a rate cut by the U.S. Federal Reserve, mortgage rates in the U.S. fell to their lowest level since September 2022 last week, triggering a flood of home purchase and refinancing applications. The contract interest rate on a 30-year fixed-rate mortgage fell 14 basis points to […]
U.S. home price growth slowed in June as buyers withdrew from the market but the number of homes on offer began to rise. According to data from S&P CoreLogic Case-Shiller, prices rose 5.4 percent nationally compared to a year earlier. In May, the annual increase was 5.9 percent. Real estate prices in Dallas-Fort Worth rose […]
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 […]
SANTA CLARA, CALIFORNIA — In all 50 largest U.S. metropolitan areas, renting remains a more affordable option than buying a home. Realtor.com’s July 2024 Rent Report shows that increased mortgage rates, high home prices and falling rents have resulted in renters saving over $1,000 per month compared to buyers. “It continues to be more affordable […]
The city has convinced a flood of rent-controlled landlords to register with the city, specifically targeting their wallets. The city saw a sharp increase in applications by the July 31 deadline of this year, surpassing the number of applications from previous years by nearly 200,000, the city reported. The applications are intended to prevent landlords […]
RYE – The sale of a Rye home, complete with heated pool and multi-purpose sports court, for $3.69 million topped the coastal single-family home sales list in July. The four-bedroom, four-bathroom home at 229 Wallis Road was the most expensive of 80 single-family homes sold, according to the Seacoast Board of Realtors. The home was […]
