Mortgage rates are back above 7%. How much higher could they climb?
Rates are "far more likely to go up than down by the end of the year," a senior economist at Realtor.com told CBS News.
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Rates are "far more likely to go up than down by the end of the year," a senior economist at Realtor.com told CBS News.
Sky-high housing prices make even starter homes too expensive for most Americans, housing data show.
Voters in California may soon decide on a ballot measure that seeks to help the state's middle class afford to buy a home, by establishing a $25 billion loan program that would provide down payment assistance.
The housing market across the Sacramento region is showing serious signs of slowing, with last month marking one of the worst June's for home sales in at least 25 years, according to real estate experts.
Personal finance site SmartAsset ranked these cities as the best markets for first-time buyers in terms of affordability and other factors.
The landmark deal, which goes into effect Saturday, could cause real estate fees to drop by as much as 30%, experts say.
Four major cities in California were included in a Chapman University study of housing affordability around the world.
The annual income needed to afford even a basic home in the U.S. has risen sharply since the pandemic, a new report shows.
Homes in the most expensive ZIP codes cost almost 200 times more than the cheapest on a square-foot basis, a new analysis finds.
The average rate for a 30-year home loan crossed the 8% threshold this week, deepening the affordability crisis for homebuyers.
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.
"As a mom, it's frustrating," she said. "It's frustrating, and I will do anything to protect my family, and when it's fire, it's just not okay."
