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...
For 2026, affordability gaps are expected to stay wide across California, keeping buyer planning and local guidance especially important through changing conditions. Even if mortgage rates decline, projected home-price growth may limit affordability improvements, so buyers should prepare budgets before touring homes or making offers. For SoCal households, the...
Luxury homes now emphasize smart technology, sustainability, wellness amenities, and prime locations offering privacy and connectivity. Key trends in 2026 include wellness-centered design, eco-friendly features, multigenerational living spaces, experiential amenities, and branded residences. Limited inventory and strong global demand keep prices high. Buyers should consider total ownership costs,...
Key mortgage mistakes to avoid include not getting pre-approved, overlooking credit scores, and failing to compare mortgage options. Buyers should budget for total homeownership costs, including property taxes and maintenance. Skipping home inspections and neglecting closing costs can lead to financial issues. It's crucial to consider the neighborhood and save for a down payment. Additionally, avoid...
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