housing market

Should you buy a home in the hottest market ever? Huge gains can’t continue, experts warn

[Bankrate, Getty Images] The U.S. housing market is on an absolute tear. Month after month, prices break new records. Sellers are ecstatic. While buyers can revel in mortgage rates near all-time lows, that’s about the only upside to shopping for property in this market. If you’re considering buying a home now, the soaring prices […]

Read More

The wealthy and Wall Street ruined the housing market for everyone else. Millennials aren’t helping, either.

[Business Insider, Getty] Rich Americans, millennials, and Wall Street are keeping US home prices permanently higher. Demand is strong as the wealthy and investors scoop up homes at historically high prices. A wave of millennial demand can boost prices even higher, and builders aren’t rushing to step in. The housing […]

Read More

Mortgage rates hit 10th record low of 2020, further fueling the US housing market’s boom

The average US 30-year fixed mortgage rate fell to 2.81% from 2.87%, its lowest in Freddie Mac data going back nearly 50 years. The reading also marks the 10th record low this year, reflecting the tumbling borrowing costs that fueled the housing market’s rebound. Sales of new and existing homes have thrived […]

Read More