The benchmark 30-year home loan rate increase deals another blow to prospective homebuyers facing an increasingly unaffordable housing market.
Housing
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Freddie Mac said the average rate on a 30-year home loan reached its highest level since 2002, which could increase costs for borrowers by hundreds of dollars a month.
Spring has for years been seen as the best season for selling. One Bankrate estimate found that those who list the same home can earn $208,273 in May and just $187,000 in January.
While it’s natural to want to make improvements to increase your home’s resale value, some renovations will actually cost you money in the long run. Just because you see something as an improvement doesn’t mean a potential buyer will feel the same way.
It’s easy to feel the pressure to buy when houses are getting snapped up all around you, but does that mean you should jump or is it better to wait out a hot housing market and see if it calms down? Experts weigh in on the pros and cons of waiting it out.
Home prices in the U.S. have been rising at their fastest rate in decades, and there’s every reason to believe prices will continue pushing higher in the months to come.
You may be able to blow a ton of money in Las Vegas, but Nevada homeowners don’t have to roll the dice on real estate taxes.
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