There Haven’t Been This Few Homebuyers in the Market Since 1996
Elijah Nouvelage/Bloomberg via Getty ImagesThe onerous combination of high mortgage rates and few homes for sale is keeping homebuyers out of the market.As the fall housing market kicks off, the number of mortgage applications dropped to their lowest level since 1996 in the week ending Sept. 8, acco
Foreclosures Tick Up, Especially in These Cities
Joe Raedle/Getty ImagesMore homes are in danger of going into foreclosure—especially in certain cities that have had challenges ever since the last housing crisis in the late 2000s.There were nearly 34,000 properties with foreclosure filings in August, according to a recent report from real estate d
High Mortgage Rates May Be Here To Stay—at Least Through 2023
Getty ImagesHomebuyers waiting for mortgage rates to come down might have to wait a little longer.Mortgage interest rates aren’t likely to drop until the U.S. Federal Reserve stops hiking its own short-term interest rates. It was looking likely that the Fed would end its rate hikes as inflation has
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