He sold his house. Now, he is struggling to find a home he can afford
It can be hard to get a foothold in today's tough housing market — even for folks who have been homeowners before.
housing market
Mortgage rates were supposed to come down. Instead, they're rising. Here's why
Mortgage rates are ticking up, even after the Federal Reserve has started cutting interest rates. Here's why, and where rates — and home sales — could go from here.
Many baby boomers own homes that are too big. Can they be enticed to sell them?
Lots of older Americans say they'd love to downsize, but it doesn't make financial sense. The housing roadblock has left some would-be buyers stuck. We asked experts what policies could change that.
You'll need more than $100,000 in income to afford a typical home, studies show
Two recent studies suggest that prospective homeowners will have to earn more than $100,000 annually to afford a typical home in much of the U.S.
If you recently sold your home, you might get part of your realtor fee back
A settlement by the National Realtors Association promises to change the way real estate agents are compensated. It could spell an end to 6% commissions, which are higher than people pay elsewhere.
A major settlement could spell an end to 6% real estate commissions
The National Association of Realtors has reached a national settlement that could change the way real estate agents are paid. Critics say the current system keeps commissions artificially high.
Tough housing market is luring buyers without kids and higher incomes
A report from the National Association of Realtors shows the average home buyer this past year had a six-figure income. Others face challenges in a period of high prices and costly home loans.
Inflation may be cooling, but the housing market is still too hot for many buyers
The median home price has risen to $413,800 – the second-highest price ever — thanks to a shortage of homes on the market and high mortgage rates. Experts say renting may be a better option.
2022 marked the end of cheap mortgages and now the housing market has turned icy cold
The buying frenzy of a year ago is long gone. Home buyers have pulled away, sellers are holding back, and the whole housing market is locked in a deep freeze.
Buying a home gets even harder as mortgage rates top 7%
It's harder to afford homeownership than it's been in decades as a steep run-up in both prices during the pandemic and more recently interest rates hit buyers from both sides.