The modern era has seen a significant shift in the preference of consumers towards renting as opposed to owning. The affordability factor plays a major role in this trend, as highlighted in a report by Intuit Credit Karma. The rental industry has expanded to encompass a wide range of products and services, catering to the
Real Estate
Sicily, Italy is a popular tourist destination known for its rich history, beautiful beaches, and charming hilltop towns. The real estate market in Sicily offers a big bang for your buck, with properties over 7,000 square feet available for the price of a 500-square-foot apartment in NYC. Loire Valley, France The Loire Valley in France
The current state of the real estate market presents a significant challenge for many aspiring homebuyers. Due to higher mortgage rates and a limited supply of homes, prices have skyrocketed, making it difficult for individuals to afford a home of their own. According to the National Association of Realtors, the median sales price for homes
The mortgage rates have been on a declining trend for the past four weeks. Despite this, there seems to be a lack of excitement among both current homeowners and potential homebuyers. The Mortgage Bankers Association reported a mere 0.5% increase in total mortgage application volume last week compared to the previous week. The average contract
As the Federal Reserve contemplates interest rate cuts, another critical concern is looming on the horizon for those in the market for a new home. The National Flood Insurance Program is set to expire on September 30, leading to potential hurdles in buying, selling, or refinancing a property in certain areas. If Congress fails to
Affordable housing is a critical issue in the United States that has gained significant attention from policymakers. Vice President Kamala Harris recently unveiled her economic policy pitch, which included proposals to lower the costs of owning and renting a home in the U.S. However, the housing plans put forth by both Harris and former President
The homebuilding sector in the United States has faced several challenges in recent years, impacting the performance of top companies such as D.R. Horton and Lennar. While shareholder returns for these companies outpaced the S&P 500 between August 2014 and August 2024, analysts have downgraded their investment outlook this summer. Despite this, some investors remain
The housing market saw a 1.3% increase in closed sales of previously owned homes in July, breaking a streak of five months of decline. Despite this slight improvement, sales were still 2.5% lower compared to the same time last year. The Northeast experienced the largest gains in sales, while the Midwest remained flat. Additionally, home