Luxury housing market soars above housing market slump 2024 may have been one of the slowest years for home sales in decades, but it was one to remember for the country’s priciest zip codes.
How home prices can trigger “mansion tax” Whether a dream home is a "mansion" can depend on price, rather than size.
Will 2025 be the year of the first-time home buyer? Empower research shows that more than half of Americans equate home ownership to financial success, but the surge in home prices may be pushing the dream out of reach for some.
Equity rich: How American homes built $30K-a-year in value Rising property values have skyrocketed home equity over the past 5 years, with homeowners gaining nearly $150,000 in home equity — or about $30,000 per year.
Mortgage rates and the housing market When the time comes to buy a home, it’s important to understand the current mortgage rate environment, and how the process works.
Homeowners reach record high of $35 trillion in equity Home equity is driving record growth for American household wealth. Homeowners now have more than $35 trillion in home equity as of the second quarter of 2024.
One thing: Property market pinch One thing moving markets is the slowing supply of new apartment units, with the annual rate of multifamily building starts dropping to its second-lowest level in four years.
What is PITI? PITI stands for principal, interest, taxes, and insurance. It's what makes up your annual homeownership expense and determines how much house you can afford.
Most affordable U.S. cities for working adults and retirees Explore the most affordable cities for working adults and retirees based on factors like cost of living, taxes, healthcare, and home prices.
Mortgage buydown: What it is and how it works A higher interest rate can add hundreds — or thousands — of dollars to your mortgage payment and can significantly increase the cost of the loan over the long term. If you’re considering buying a house and are anxious about today’s high interest rates, learn how a mortgage buydown can help and whether it’s the right choice for you.
What is a conventional loan? A conventional loan is one of the most popular types of mortgage options. Learn how it differs from government-insured loans and how to determine if this is the right option for you.
