This day honors the brave men and women who have sacrificed their lives to defend America's freedom.It became an official federal holiday in 1971. Americans observe Memorial Day by visiting cemeteries and memorials....
Becoming a first-time homeowner requires saving for a down payment, often between 3-20%, with a typical 5% on a $200K home being $10,000. Create a savings plan by cutting unnecessary expenses or adding side income. Protect against identity theft by using protection services, especially during the home buying process. Check your credit report early to correct errors and improve your score before applying...
A survey found 74% said now was a good time to sell, while 83% expected asking price or more in Early-Spring. Most potential sellers expected a quick deal. About 75% anticipated selling within 4 mo, including 27% expecting a sale within 1 to 2 mo. The typical home spent 57 days on market, reinforcing seller confidence that listings could still move relatively...
Nationally, management and business workers remained most likely to own homes, while service workers had the lowest rates despite posting the biggest 10-yr gain. In >60% of metro areas, the top homeowning occupation changed since 2014, showing local housing costs and job markets increasingly shaped ownership chances. Management and financial workers held near...
New home construction buyers benefit from year-round opportunities as builders offer incentives and price cuts to maintain sales amid affordability challenges. About 40% of builders are lowering prices, and 65% use incentives like rate buydowns and closing cost assistance, providing buyers more negotiating power outside the traditional spring surge. Buyers should focus on readiness, local market...
Mortgage applications fell 1.6% last week after a prior 7.9% rise, with refinance applications down 4% due to a slight increase in 30-year fixed mortgage rates to 6.37%. Purchase applications rose nearly 2% weekly and were over 20% higher than last year, reflecting improved homebuying sentiment amid increased housing inventory. The refinance share dropped to 42.5%, while adjustable-rate mortgage activity...
Purchase applications recently ↑1% and were ↑21% yearly, showing buyers are moving forward as inventory conditions look more favorable nationally for many shoppers. Total mortgage application volume recently ↓1.6% seasonally adjusted, after a prior ↑7.9%, while unadjusted activity ↓1%, tracking overall loan demand across programs. The 30-yr fixed rate...
A policy group proposed a $100K annual cap for couples retiring at normal retirement age, with a $50K limit for single retirees. The cap would be adjusted for inflation, retirement age, and marital status, producing small immediate savings that grow over time for trust funds. Modeling suggests inflation indexing could close one-fifth of the solvency gap, while...
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