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.
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.
In the market to buy or sell a home? Real estate is hitting new highs in the Twin Cities.
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.
Home sales in the Twin Cities and statewide are down about 5% year-to-year.
Plenty of people may be looking to buy a new home in 2025. Now, a new survey reveals what the top priorities are for those potential homebuyers.
Some cities and states are throwing out single-family zoning to increase density and create more affordable housing.
The landmark deal, which goes into effect Saturday, could cause real estate fees to drop by as much as 30%, experts say.
The experience of buying or selling a home is changing. A recent National Association of Realtors settlement now requires buyers and sellers to negotiate house sale commissions, including who pays and how much.
There's a new state program to help first-time home buyers with their down payments.
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
Homeowners in Missouri filed a lawsuit against some brokers and realtors. They argued that home sellers shouldn't have to pay commission to a buyer's agent since that agent doesn't represent them. Ultimately, the home sellers won the case.
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.
Homeowners spent a median $22,000 on renovations last year, a sharp increase from the $14,000 spent in 2018.
The average rate for a 30-year home loan crossed the 8% threshold this week, deepening the affordability crisis for homebuyers.
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.
In 45 of the 50 largest cities, buyers pay far more for the privilege to own a home than they do to rent.
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%.
