Mortgage rates top 7% for the first time since May 2024
As rates climb, more buyers are seeking riskier adjustable-rate mortgages, according to the Mortgage Bankers Association.
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As rates climb, more buyers are seeking riskier adjustable-rate mortgages, according to the Mortgage Bankers Association.
These charts track prices consumers pay for groceries and other goods now compared to five years ago.
Fewer Minnesotans own homes today than just a few years ago, and experts say that underscores the state is at a crossroads for affordability and availability.
A new report by Moving Place shows where people are moving, and why.
In the market to buy or sell a home? Real estate is hitting new highs in the Twin Cities.
The rent-versus-buy question is one that millions of Americans grapple with. Now, nearly 30 percent of Minnesotans live in a rental unit.
In these major U.S. cities, a family of three earning $100,000 would have a hard time covering basic expenses.
Four in five aspiring homeowners say the expenses from down payments and closing costs are a significant obstacle to owning a home, according to a new survey.
Some cities and states are throwing out single-family zoning to increase density and create more affordable housing.
Across much of the U.S., owning a home now requires spending more for housing than experts generally recommend.
Derek James looks at the two Minnesota cities whose median home prices are now in the seven figures.
The annual income needed to afford even a basic home in the U.S. has risen sharply since the pandemic, a new report shows.
With interest rates expecting to drop and new construction the rise, 2024 may finally be the year for some to buy a home
Mortgage rates recently hit their highest levels in more than two decades, pricing many out of the market. Here's what to expect in 2024.
"Even places that historically have been affordable now need six figures," according to Redfin's chief economist.
The average interest rate on a typical mortgage is now 7.49%, worsening the nation's housing affordability crunch.
Home prices have jumped so much that Americans must pay a third of their income on housing, according to one study.
Reg Chapman has a realtor's perspective and spoke to a woman who says it's still hard to find a place to call home.
In 45 of the 50 largest cities, buyers pay far more for the privilege to own a home than they do to rent.
The average long-term U.S. mortgage rate topped 7% for the first time in more than two decades this week
Surge in borrowing costs is pushing some buyers out of the market, while sellers face a quandary.
Interest rate on a typical 30-year mortgage rate has jumped by more than a quarter-point this week to 6.29%.
