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Economists argue the home mortgage interest deduction doesn’t really work and costs the federal government tens of billions of dollars a year.
New home listings hit a 17-month high in February, and as more sellers sell, housing prices could flatten, says Conor Sen at Bloomberg Opinion.
With the goal of living mortgage-free, “I really knew that I would go anywhere and I would live in anything,” Kate Mill says.
“This market is just really wacky right now,” says Houston-based broker LaTisha Grant.
Most are sold into the secondary market, which increases liquidity and makes it easier to get a mortgage at a lower interest rate.
We jumped into the Marketplace time machine to ask some experts how things look from next December.
There’s research that shows when the left-most digit of a number changes, we tend to give the change more weight.
New data from Harvard’s Joint Center for Housing Studies shows that a growing number of people in their 60s, 70s and 80s still have mortgage debt, and they’re carrying more of it than than previous generations did.
Despite the world going digital, homebuying is still a highly analog process. James Rodriquez of Insider discusses the quest for a superapp.
A lot of homebuilders are working with lenders to offer lower mortgage rates — or they’re offering other incentives like money towards closing costs.