The UK housing market might be looking at a brighter future. After a period of uncertainty, the recent budget has given some clarity. This could encourage more people to buy homes. The budget didn't change stamp duty, the tax paid when buying a home. This is good news for buyers. Better debt forecasts also helped. They made government bonds more attractive. This usu...
RealPage, a company that makes software for landlords, has agreed to change how it works after a big legal fight. The Department of Justice said the software helped landlords work together to raise rents unfairly. This is called "algorithmic collusion. " The deal means RealPage can't use the latest data to suggest rent prices anymore. Instead, it has to use data that...
The housing market is experiencing a shift. More homeowners are deciding to pull their properties off the market. This trend is driven by several factors, including weak buyer demand, softening home prices, and overall economic uncertainty. In September, nearly 85, 000 U. S. sellers took their homes off the market. This number is up 28% from the same month last year...
The housing market saw a small rise in sales of previously owned homes in October. The numbers went up by 1. 2% from September, reaching about 4. 1 million units annually. This increase is a slight improvement from the previous month and a 1. 7% rise compared to the same time last year. The market is influenced by mortgage rates, which fluctuated during the contract...
In October, the U. S. housing market saw a significant shift with more sellers than buyers. This gap, the largest since 2013, means buyers have more choices and can negotiate better deals. However, this situation isn't uniform across the country. The number of buyers dropped by 1. 7%, reaching a low not seen since the start of the pandemic. High housing costs and ec...
The idea of portable mortgages is making waves. It's a concept where homeowners can take their mortgage with them when they move. This means keeping the same interest rate and terms instead of getting a new loan. The goal? To get more people moving in a slow housing market. Right now, many homeowners are stuck. They have low interest rates, around 3%, and don't want...
Homeownership is often seen as a dream, but the reality is that it comes with a lot of extra costs. These hidden expenses are adding up and making it harder for people to afford homes. Things like maintenance, insurance, and property taxes are increasing faster than people's incomes. This is making it tough for many families to keep up. Zillow, a real estate company...
The idea of portable mortgages is making waves in the housing market. This concept would let homeowners move their current mortgage to a new home, keeping their old interest rate and terms. It sounds like a dream for those stuck with low rates, but is it really the solution to the housing market's problems? Right now, many people are hesitant to move because they do...
Extending mortgage terms to 50 years might seem like a helpful solution for those struggling with high housing prices. On the surface, it appears beneficial: monthly payments decrease by approximately $119. However, the downside is significant: the total interest paid nearly doubles over time. This is a substantial compromise. Consider this: paying more in interest ...
Flipping houses in Philadelphia has become tougher than before. The costs of buying properties, building materials, and hiring skilled workers have all gone up. Plus, finding the right homes to flip and securing loans has become more difficult. The market has changed, and not everyone who tries to flip houses is making a profit. Some people still find success in fli...