1 in 5 homeowners thinking of selling in the near future: Zillow
As interest rates fall, more homeowners are considering selling. (iStock) Homebuyers have had a tough time in recent years. Number of listings hits record low. However, one in five homeowners are currently considering selling. Zillow Report said. About 21% of buyers are considering selling in the next three years, up from 15% last year, according […]
Existing housing supply builds as homeowners with sub 6% mortgage rates return
Lower mortgage rates are helping to build much-needed housing supply. (iStock) Mortgage rates are expected to fall faster than initially expected, which could help build much-needed housing supply. However, recent reports suggest that some homeowners have already sold. The percentage of mortgages with interest rates below 6% has fallen to 88.5% from a record high […]
CA Dems Push Bill Forcing Insurers to ID Homeowners Who Own Guns
A bill introduced Friday by California Rep. Mike Gipson (D) would require insurance companies to submit annual reports to lawmakers disclosing whether homeowners have guns in their homes. It is mandatory. This bill, AB 3067, To tell: “This bill would require insurance companies, by January 1, 2026, to include on their homeowner or renter insurance […]
Nearly 89% of U.S. homeowners with mortgages have an interest rate below 6%: Redfin
Mortgage interest rates below 6% are common among American homeowners. (iStock) The real estate market is cooling as mortgage interest rates are gradually falling towards 6%. Still, many homeowners still have low interest rates compared to last week’s drop to 6.66%. In fact, almost 89% of the borrower’s interest rate is less than his 6%. […]
2023 was the hottest year on record, driving up utility costs and homeowners insurance prices
Rising temperatures could lead to more natural disasters, leading to more insurance claims and higher interest rates. (iStock) Global temperatures are rising, and last year was the hottest year on record. Copernicus Climate Change Service. As temperatures rise, so does the cost of cooling your home. Last summer, natural gas consumption reached an all-time high. […]
Homeowners’ monthly mortgage payments dropped to lowest rate in years
Mortgage payments fell to an average of $2,361 by the end of 2023. (iStock) Good news for homebuyers and homeowners alike. Monthly mortgage payments have dropped to the lowest average interest rates in years. According to a recent Redfin report. The average mortgage payment is $2,361 as of December 31, 2023. This is a decrease […]
Cold War-era rocket once capable of carrying nuclear warhead found in dead homeowner’s garage
An inert, rusting rocket that once could have carried a nuclear warhead was discovered in the cluttered garage of a recently deceased Washington homeowner. The local police bomb squad made an emergency visit last Thursday following the discovery of a military rocket. It was soon determined that the missile debris was inert and posed no […]
US homeowners aren’t selling and here’s why
Daniel Hale, Chief Economist at Realtor.com, analyzes home prices on Maria Bartiromos Wall Street. As mortgage rates rose toward 8% last fall, the pandemic-era booming housing market slumped and demand hit its lowest level in nearly 30 years. The average interest rate on a 30-year fixed mortgage is now more than a percentage point lower […]
Two separate armed homeowners step into to help nab suspects fleeing cops in drug-fueled chase
Two Illinois suspects accused of stealing a car were chased by police before two other armed homeowners confronted the men, according to the local sheriff’s office. He was arrested at gunpoint until the police arrived. The Macon County Sheriff’s Office said law enforcement was able to locate suspect James Snow, 34, on Jan. 23 after […]
Homeowners moving across state lines, seeking affordability, find it in certain cities
Rising housing costs and remote work opportunities are driving households to move to cheaper areas. (iStock) Remote work, which flourished in the early days of the pandemic, erased boundaries for many workers and prompted people to move to cheaper cities. Charlotte, Providence and Indianapolis are some of the cities where the most people moved, according […]