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The latest news on the housing market, mortgage rates, and real estate investment.
Last year, 44% of home listings were subject to an HOA, up from 34% in 2019.
A Zillow policy banning certain home listings from its platform can stay in place for now, a federal judge ruled, handing the listings giant a preliminary victory amid ongoing litigation with brokerage behemoth Compass.
Mortgage rates increased slightly this week as the 10-year Treasury, a pricing indicator for 30-year fixed mortgage rates, has hovered above 4.2% since mid-January.
In recent years, buyers wary of rising fees and insurance woes have snubbed condos, but some may now be ready to bargain hunt.
"We can lower interest rates a lot, and in so doing, get 30-year fixed-rate mortgages so they're affordable," Warsh said last year.
While current mortgage rates are near three-year lows, they're still high enough to give buyers and sellers pause.
Utility bills are rising faster than the rate of inflation. The aging grid, natural gas prices, and, yes, data centers, are to blame.
President Trump's fresh tariff threats over Greenland sent the bond yields that closely track mortgage rates higher. The average 30-year mortgage rate stands at 6.09%.
In his Davos speech, President Trump said he is "very protective" of homeowners and doesn't want his housing policies to hurt their equity.
Despite lower mortgage rates, housing contract signings dropped in December, new data out Wednesday showed.
