-
News You Can Use
- Luxury real estate prices just hit an all-time recordLuxury real estate sales increased more than 2%, posting their best year-over-year gains in three years, according to Redfin.
- Here's why FEMA has spent about $4 billion to help destroy flood-prone homesFloodplain buyouts allow homeowners to move out of harm's way and help the community create open space that can collect flood waters to protect other homes.
- Homeownership isn't for everyone, money coach says: Don't fall for artificial 'pressure to buy'Latina financial expert Jannese Torres, host of the "Yo Quiero Dinero" podcast, discusses what she has learned about certain milestones such as homeownership.
- Mortgage rates are now at the highest level of the year, and could still climbThe average rate on the popular 30-year fixed mortgage sits around 7.5%, the highest level since mid-November of last year, according to Mortgage News Daily.
- S&P 500 gives up its earlier gains — but Meta bucks the trend as new AI model debutsEvery weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
- March homes sales dropped despite a surge in supply. Here's why.The median price of an existing home sold in March was $393,500, up 4.8% from the year before.
- Here are some tips for homebuyers to save on costs with newly built homes, experts sayWhile the cost of a new house depends on multiple factors, the sticker price might jump on the finishes you add, an advisor says. Here's how to cut costs.
- Regional bank earnings may expose critical weaknesses, former FDIC Chair Sheila Bair warnsSheila Bair, who ran the FDIC during the financial crisis, is nervous about a handful of regional banks going into earnings.
- Vietnamese property tycoon sentenced to death in country’s largest financial fraud, state media reportsThe Vietnamese property tycoon Truong My Lan was sentenced to death on Thursday for her involvement in the country's biggest financial fraud case.
- Should you refinance your mortgage? Here are three signs it's time, real estate experts sayMortgage refinance activity plummeted to record lows in 2023 after interest rate hikes. Here are three signs to help you decide when refinancing makes sense.
- Mortgage refinance demand surges even as rates cross back over 7%. Here's whyThe average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 7.01% from 6.91%.
- China needs a narrative that house prices are going to rise, Nomura's Koo saysChina needs to convince people that home prices are on their way up in order for growth to pick up, said Richard Koo, chief economist at Nomura.
- Buyers of newly built homes can face a property tax surprise. Here's whyNewly built homes often come with a buffet of perks from the building company. However, first-time owners often face a property tax shock after the first year.
- $1 million homes are now 'typical' in a record number of U.S. cities, analysis finds. Here’s where they areThere are 550 American cities where the typical home is valued at $1 million or more, a new record high, according to a new analysis by Zillow. Here's why.
- KKR says China's real estate correction may only be halfway doneChina's real estate troubles are likely far from over and industry problems need to be addressed quickly for GDP growth to rise significantly, according to KKR.