Category: Real Estate

Sunlight illuminates the front of a row of Victorian-era houses in a terraced street in Bristol, England.  Matt Cardy | Getty Images News | Getty Images LONDON — Hundreds of thousands of U.K. homeowners are facing the prospect of higher mortgage rates after a spike in U.K. borrowing costs. Major high street lender Virgin Money…

Cofotoisme | E+ | Getty Images How long it takes you to save for a 20% down payment on a home depends in part on where you live.  In a pricey area such as New York City, it could take the typical buyer roughly 10.85 years to save $173,000, which is 20% of the median…

A completed planned development is seen in Ashburn, Virginia, on Aug. 14, 2024. Andrew Caballero-Reynolds | AFP | Getty Images Mortgage demand started this year stronger than it did last year, even though interest rates are higher. Total mortgage application volume last week was 7% higher than the same week one year ago, according to…

The problem of stolen manhole covers in Turkey might seem an unlikely starting point for a new way for buildings to withstand earthquakes and tackle the construction industry’s environmental issues, but when a Turkish businessman heard about a new material that prevented the thefts, it sparked an idea. Cast iron is traditionally used to make…

Interest rates moved lower near the end of 2024 as the Federal Reserve cut rates three times, shaving a full percentage point off the federal funds rate since September. In 2025, that trend is likely to continue. But with inflation still above the Fed’s 2% target, a strong labor market and a new administration, the central…

Flames and smoke from the Palisades Fire surround a home (C) in the community of Topanga, California, on January 9, 2025.  David Swanson | Afp | Getty Images Firefighters are still working to contain the record-breaking fires that have been raging for more than a week in Southern California. The fires in the Greater Los…

First-time homebuyers may struggle to find adequate starter homes when the 2025 buying season begins this spring. The homes that once gave Americans a stepping stone into real estate are disappearing, according to experts. While the exact definition of a starter home varies, they’re typically under 1,400 square feet. In 2023, just 9% of the…

Residential homes in Discovery Bay, California, US, on Thursday, Nov. 7, 2024. Mortgage rates in the US increased to the highest level since July.  David Paul Morris | Bloomberg | Getty Images Mortgage rates last week moved higher for the fourth week in a row. That caused already very weak mortgage demand to drop even…

Housing surveyors have reported the largest fall in new buyer inquiries in October since the financial crisis, excluding the period during the Covid-19 lockdowns. Isabel Infantes | Afp | Getty Images LONDON — U.K. house prices fell for the first time in nine months in December, as the country’s Budget and higher mortgage rates dampened…

Residential 19th century style residential buildings in historic center of Paris, France. Kolderal | Moment | Getty Images Europe’s real estate sector is poised for further recovery in 2025, as investment activity picks up and growth returns across key market segments, analysts have predicted. A gradual uptick in transactions in 2024 looks set to gain…

A for sale sign is displayed outside of a home for sale on August 16, 2024 in Los Angeles, California. United States real estate industry rules governing agent commissions will change on August 17 as part of a legal settlement between the National Association of Realtors and home sellers. (Photo by Patrick T. Fallon /…

A home available for sale is shown in Austin, Texas, on May 22, 2024. Brandon Bell | Getty Images There’s good news in the housing market to close out 2024: There’s a lot more supply. The bad news: A lot of that supply is stale, sitting unsold for much longer than usual.  Active listings in…

Home Depot navigated a challenging 2024 marked by elevated interest rates and a cautious consumer. But as the year progressed, signs of recovery emerged, setting the stage for a rebound in 2025, fueled by increased housing turnover and pent-up demand in the home improvement market. Year-to-date performance: up 12% Forward price-to-earnings multiple: 25 versus a…

Jeff Greenberg | Universal Images Group | Getty Images Mortgage rates moved markedly higher last week, causing overall mortgage demand to drop. Total application volume fell 0.7% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. That was the first decline in five weeks. The average contract interest rate for…

Eyecrave Productions | E+ | Getty Images Buying a house is not easy or cheap, especially in today’s market.  But while it’s too soon to tell whether the housing market is going to favor buyers or sellers next year, some areas will offer more favorable market conditions than others, according to a new report by…

Tim Kitchen | The Image Bank | Getty Images There may not be a lot of homes for sale these days, but there is a lot of housing space sitting empty. In fact, the most in recorded history. The number of extra bedrooms, which is defined as a bedroom in excess of the number of…

Investors own more than 131,000 homes in the Las Vegas Valley now. Las Vegas Review-journal | Tribune News Service | Getty Images Sales of previously owned homes rose 4.8% in November compared with October, according to the National Association of Realtors. That put them at a seasonally adjusted, annualized rate of 4.15 million units. Sales…

The Federal Reserve lowered its interest rate target three times in 2024. This has many Americans waiting for mortgage rates to fall. But that may not happen for some time. “I think the best case scenario is we’re going to continue to see mortgage rates hover around six and a half to 7%,” said Jordan…

Homebuyers touring a house with a real estate agent. sturti | Getty The Federal Reserve on Wednesday cut interest rates for the third time in 2024. Despite the move, mortgage rates increased. The 30-year fixed rate mortgage spiked to 6.72% for the week ending Dec. 19, a day after the Fed meeting, according to Freddie…

We’re buying 50 shares of CrowdStrike at roughly $354 each and 25 shares of Home Depot at roughly $390. Following Thursday’s trades, Jim Cramer’s Charitable Trust will own 200 shares of CRWD, increasing its portfolio weighting to 2% from 1.5%. The Trust will also own 225 shares of HD, increasing its weighting to 2.5% from…