Elevated borrowing costs and persistently high home prices are stifling homebuyer demand and causing for-sale listings to linger on the market, but a lack of new inventory is preventing any notable improvement in housing affordability. Total housing listings reached 945,612 in February, and while that’s up 13% from one year ago, it’s still below the […]
Mortgage interest rates climbed to 6.73% for a 30-year fixed-rate mortgage during the week ending March 9, a tough blow for prospective buyers hoping for an improvement in affordability after a series of rate hikes at the close of 2022. The most recent uptick means that today’s homebuyers will have to pay almost 50% more […]
The spring buying season is usually a period of fast-paced activity from buyers and sellers alike, but with home prices falling from their peaks and mortgage rates once again nearing 7%, many would-be sellers are waiting on the sidelines and choosing not to list their homes. A seller’s market is losing steam amid a nationwide […]
Those of us who like our sunlight hours to extend into the evening will appreciate the upcoming transition to daylight saving time—as well as houses that take full advantage of it. We’ve found five gorgeous glass houses that look out on some of the most glorious landscapes in the country: the mountains around Sundance, scenic […]
Facebook Share Constructed from steel, concrete, and glass to withstand the elements, a new Malibu, CA, listing clocks in as the fourth-highest-priced home for sale in this tony beach community. Perched on the Pacific Coast Highway, it’s on the market for the first time. It’s co-listed by Madison Hildebrand and Jennifer Chrisman of Compass for […]
Have you thought about one of Canada’s most valuable tax breaks? You could be exempted from paying tax on the sale of your home by taking advantage of the principal residence exemption. […]
Most real estate agents are paid commission based on the sale price of a house. This commission is split between two different agents but have you wondered how it works? […]
If you’re someone with a big network of family and friends, you may have thought about becoming a real estate agent. To become a real estate agent in Ontario, the process and education requirements may […]
Awareness of affordability issues and the crunch to find suitable housing has made national headlines and was a focal issue in the 2019 federal election. […]
Stress testing is an important tool that financial institutions utilize to make sure that you’re able to meet your mortgage obligations as interest rates rise. […]
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