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News You Can Use
- Here's how much it costs to rent a 1-bedroom apartment across 10 major cities in AsiaHere is the median price to rent a 1-bedroom apartment across 10 major cities in Asia, according to the Global Property Guide.
- The Federal Reserve holds interest rates steady, offers no relief from high borrowing costs โ what that means for your moneyThe Federal Reserve pushed out rate-cut expectations โ here's what that means for your credit card, mortgage rate, auto loan and savings account.
- How to make your home hurricane resistant, as scientists predict an 'extremely active' storm seasonUpgrades could help consumers protect their home, typically one of their most valuable assets, from hurricanes and other natural disasters.
- Saudi Arabia says all NEOM megaprojects will go ahead as planned despite reports of scaling back"For NEOM, the projects, the intended scale is continuing as planned. There is no change in scale," Saudi Economy Minister Faisal Al Ibrahim told CNBC.
- Demand for riskier adjustable-rate mortgages hits highest level of the year, due to rising ratesThe share of ARM applications rose to 7.8% of mortgage demand last week, according to the Mortgage Bankers Association. That is the highest level of the year.
- Home prices soar even higher in February, despite higher mortgage rates, says S&P Case-ShillerIt marked another increase after the prior month's annual gain of 6%, and the fastest rate of price growth since November 2022.
- As home sellers, buyers wait on a Fed cut, here's how mortgage rates have impacted the spring housing marketWhile some buyers have come to terms with 7% interest rates, the rate volatility is the factor with the biggest impact, an economist says.
- New home sales inch higher despite 7% mortgage rates: 'There's more opportunity,' economist saysBuyers are highly considering newly built homes amid a shortage of available homes in the U.S. Here's what this means and where prices are standing.
- Mortgage demand drops as interest rates soar over 7%
- 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 โ 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.