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For many generations of Americans, buying a home was a goal. It was a commitment to stability, a sign that you were a grown-up, a symbol of success. To many, over the decades, being able to own the...
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The key 30-year fixed-rate mortgage averaged 7.19% in the last week of September, the highest in 23 years, according to Freddie Mac. Mortgage rates have shot up since the Federal Reserve began hiking...
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White Americans not only make up the majority of the population — 59% excluding non-Hispanic whites — but they also dominate wealth ownership compared to Black and Hispanic Americans. The Federal...
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The 2023 U.S. Home Equity & Underwater Report shows that some U.S. homes have underwater mortgages. This is “a combined estimated balance of loans secured by the property of at least 25 percent...
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In May 2023 the median home listing price reached $441,000, up from $430,000 in April. Despite the increase, the price is down from a record high of $449,000 in June 2022. The yearly growth rate in...
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The median home listing price in May 2023 rose to $441,000, a 0.9% annual increase. Despite the increase, the price is down from a record high of $449,000 in June 2022. This cooling trend is hopeful...
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The residential real estate market rallied at a near-record pace from the start of the COVID-19 pandemic to just over a year ago. According to the S&P Case-Shiller price index, housing prices...
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With home prices declining for over six months, some U.S. housing market conditions have shifted to favor buyers. Still, other conditions stack up against homebuyers, particularly mortgage rates. As...
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