It’s one of the cornerstones of the American Dream—owning a house. In recent years, it has become increasingly difficult for the average American to afford a home. Despite mortgage rates starting to come down, the reality is that middle-class families in less than half of America can afford an average-priced home in their state. President…
Inflation continues to be a thorn in the economy’s side, and data suggests growing concern from consumers and businesses about the impact of tariffs on the broader economy. On Friday, the PCE Index, which is the Fed’s preferred inflation gauge, was steady at an above-target pace, and the core measure received an uptick. This contrasts…
Pending home sales rose modestly last month, but remained close to January’s record low, in a possible signal of continued weak buying activity this spring. The Pending Home Sales Index (PHSI) grew 2% in February from the prior month after seasonal adjustment, the National Association of Realtors® reported Thursday. However, pending transactions declined 3.6% from…
The stagnant home market is threatening more than just buyers and sellers hoping to transact in the year ahead. It’s also risking their break-even point. Investing in real estate, whether you’re buying a home or an investment property, is generally a safe bet: You’ll make more money than you spend if you keep it long…
Image via Pexels Starting a home-based business while relocating presents unique challenges and opportunities. This dual endeavor requires a blend of planning and adaptability to ensure both your move and business launch are successful. By focusing on key areas such as document management, local regulations, and productivity, you can create a seamless transition. Embracing…
As temperatures plummeted over the festive season, so did the level of activity in the residential real estate market, which experienced its strongest seasonal slowdown in nearly two years. “Homes spent 70 days on the market, the slowest December in five years and the slowest month since January 2023,” says Realtor.com® senior economist Ralph McLaughlin in…
The Fed has delivered another interest rate cut, but unfortunately for homebuyers, it won’t mean imminent relief for mortgage rates. As expected, the Federal Reserve cut its overnight policy rate by 0.25 percentage points on Wednesday, bringing the rate down to a new range of 4.25% to 4.5%. The new range represents a full percentage…
Photo via Pexels Relocating to a new city is more than just a change of address; it’s a chance to redefine your life and career. This move can open doors to new opportunities, offering a fresh perspective on personal and professional growth. Whether you’re pursuing further education or seeking a vibrant community, the choices you…
Florida has long been a top state where retiring Americans flock to—but some, like local resident Alisa Newman, are doing the exact opposite. Newman settled in the Miami area in 1997 when her husband got a job there. But now, at 58, she has decided to move out. While she knows she will leave behind…
Texas continues to draw large numbers of new residents, and they aren’t coming just from California. Newly released one-way trip data from U-Haul shows that, in the first half of 2024, the largest Texas cities drew new residents from throughout the region. In Houston, for example, Louisiana was the top origin state for U-Haul movers,…