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These mortgages were key to the economic climate that led to the 2008 financial crisis. First Republic had a lot of them.
The resilience of this usually interest rate-sensitive sector makes the Fed’s goal of taming inflation that much harder.
Real estate wholesalers offer convenience, but at what price?
The Federal Housing Finance Agency will lower the loan-level price adjustment fee for people with smaller down payments.
The neighborhood’s decline in the early 1970s had roots in a scandal surrounding a federal program meant to boost home ownership.
The March report shows inflation slowing overall and prices easing in some key areas (food) and not in others (services and shelter.)
Rising mortgage rates have kept would-be buyers renting — straining the supply of available apartments and pushing prices up.
Lumber prices have stabilized after unprecedented volatility.
Census data shows fewer people are moving out of coastal urban centers, but Sun Belt states remain popular.
Prices are cooling in the West, but the market in the East is still hot. We check in with a real estate pro in the center of the divide.