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Mortgages

Why homebuyers need to earn more to afford a home in 2024

by Adrian Jhonsan
Why homebuyers need to earn more to afford a home in 2024

Skynesher | E+ | Getty Images Factors beyond high mortgage rates are affecting housing affordability for many Americans, according to experts. Almost four years ago, a household earning $59,000 annually …

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President Biden floats $10,000 first-time homebuyers tax credit

by Adrian Jhonsan
President Biden floats ,000 first-time homebuyers tax credit

Cavan Images | Cavan | Getty Images President Joe Biden has floated plans to address the country’s affordable housing issues, including new tax breaks for first-time homebuyers and “starter home” …

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Categories World

Why you’re more likely to become a homeowner if your parents were

by Adrian Jhonsan
Why you’re more likely to become a homeowner if your parents were

Maskot | Digitalvision | Getty Images Several factors may affect your path toward homeownership — one may be your parents. “If your parents are homeowners, you’re more likely to be …

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Existing home sales rose 3% in January 2024

by Adrian Jhonsan
Existing home sales rose 3% in January 2024

A real estate agent walks into a home for sale in Lancaster, Ohio. Ty Wright | Bloomberg | Getty Images Sales of previously owned homes rose 3.1% in January to …

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Homeownership is a hallmark of success for many Black adults

by Adrian Jhonsan
Homeownership is a hallmark of success for many Black adults

Maskot | Digitalvision | Getty Images While homeownership is out of reach for many Black Americans, most still see it as a hallmark of success. About 66% of Black Americans …

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Categories World

China policymakers will struggle to give markets what they want: Macrolens

by Adrian Jhonsan
China policymakers will struggle to give markets what they want: Macrolens

Photo taken on January 21, 2024 shows a real estate project under construction in Huai ‘an city, Jiangsu province, China. CFOTO | Future Publishing | Getty Images Policymakers are doing …

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Categories World

Mortgage demand takes a massive hit as interest rates cross back over 7%

by Adrian Jhonsan
Mortgage demand takes a massive hit as interest rates cross back over 7%

New houses are seen for sale at Woodland Village, built by Lifestyle Homes housing developer, in Cold Springs, Nevada, on June 28, 2023.  Andri Tambunan | AFP | Getty Images …

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Mortgage rates shoot to 2-month high after hot inflation report

by Adrian Jhonsan
Mortgage rates shoot to 2-month high after hot inflation report

A “For Sale” sign outside a house in Albany, California, on May 31, 2022. David Paul Morris | Bloomberg | Getty Images Mortgage rates shot higher Friday after a monthly …

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Mortgage rates surge higher again, causing homebuyers to pull back

by Adrian Jhonsan
Mortgage rates surge higher again, causing homebuyers to pull back

Rooftops of homes in a gated residential community are seen in Pico Rivera, California on January 18, 2024.  Frederic J. Brown | AFP | Getty Images After a brief reprieve …

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Categories World

Mortgage rates back over 7%, as stronger economic data rolls in

by Adrian Jhonsan
Mortgage rates back over 7%, as stronger economic data rolls in

This photo taken on Aug. 22, 2023 shows an advertisement in front of a real estate for sales in Millbrae, California, the United States. The sales of previously owned homes …

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Categories World
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