Nov. 18, 2022 12:13 PM EST
Sales of previously occupied U.S. homes fell in October for the ninth consecutive month to the slowest pre-pandemic sales pace in more than 10 years as homebuyers grappled with sharply higher mortgage rates, rising home prices and fewer properties on the market.
Existing home sales...
Nov. 14, 2022 09:01 AM EST
Accessory dwelling units are known by many names: in-law suites, guest houses, backyard cottages, or basement or garage conversions, among others. What all ADUs have in common is that they’re a separate living space typically added to a single-family residential lot, and they’re having a...
Nov. 09, 2022 11:27 AM EST
WASHINGTON (AP) — Online real estate broker Redfin is cutting 862 employees and shutting down its instant-cash-offer subsidiary RedfinNow, another casualty of two-decade high interest rates stoked by the Federal Reserve's fight against inflation.
The job cuts amount to 13% of...
Nov. 02, 2022 14:34 PM EDT
NEW YORK (AP) — Mortgage rates continue to jump, home sales slump and credit cards and auto loans increase. Savings rates are slightly juicier, though.
As the Federal Reserve steadily increases interest rates, many economists say they fear that a recession remains inevitable in the...