Monthly mortgage payments are 60% higher than a year ago, according to NAR. Buyers can save by shopping around for different types of loans. The interest rate for the 30-year fixed-rate mortgage crossed a major threshold this week, hitting 6.02%—the first time it has broken 6% since 2008, Freddie Mac reported Thursday. Volatile mortgage rates are sending shockwaves through the housing market and unnerving home buyers who are concerned about shr
Trying to work out how to make a small room look calm and curated rather than cramped and cluttered can quickly bring on decorating fatigue, and it's all too tempting to throw in the towel. From small living rooms to narrow hallways and pokey downstairs loos, a lack of space brings many a design dilemma. So we asked Laurence Llewelyn-Bowen for his top tips, and the flamboyant interior designer surprised us with his response. LLB ex
President Joe Biden ignored worse-than-expected US inflation data that roiled markets during a planned celebration for his signature climate-and-tax law.The law Biden celebrated Tuesday is called the Inflation Reduction Act, and the White House has repeatedly said tackling inflation -- a political liability for Democrats before the November midterms -- is the president’s top priority. But after the Labor Department reported, hours before the ev
The tech behind the video doorbell is ever evolving, so this updated list includes the best options based on what’s available today, plus a few recommendations. Since this series first compared Ring and Nest in 2020, much has changed in the video doorbell realm. The technology has improved, new models have come out and options have expanded. We’ve been able to test eight popular new video doorbells to provide you with the most up-to
The average interest rate on a 30-year home loan has hit 6% for the first time since 2008, the Mortgage Bankers Association said Wednesday,.The 6% rate is "essentially double what it was a year ago," Joel Kan, associate vice president of economic and industry forecasting at the trade group, said in a statement Wednesday. The higher mortgage rate has "contributed to more homebuyers staying on the sidelines," he added.Rising home ownershi
“Sellers often overlook signs of shrinking demand,” he said. Higher real estate financing costs hit economies in multiple ways. Households with loans tighten their belts, while rising mortgage payments discourage would-be buyers from entering the market, dragging on property prices and development.The slowdown is a stark turnaround from a boom fueled by central banks’ easy-money policies in the years after the financial crisis an
Homeowners are spending a median of $9,000 on bathroom renovations, which is 13% higher than last year, a new study finds. These are their favorite trends. Homeowners are spending more money to spruce up their bathrooms as the pandemic-fueled home renovation boom continues. The national median spend for bathroom renovations jumped nearly 13% year over year to $9,000, according to the 2022 U.S. Houzz Bathroom Trends Study, a survey of more than 2
Makeover a space without breaking the bank. Home improvement projects don’t have to include knocking down walls or high-priced upgrades. There are several simple, affordable DIY home improvement projects that can give a home an entirely new feeling, says Amber Shay, national vice president of Design Studios at Meritage Homes. Shay offers up her tips for giving a home a fresh update without breaking the bank.Create a Spa-Like Bathroom Most
Sept 9 (Reuters) - U.S. household wealth fell by a record $6.1 trillion in the second quarter to its lowest in a year as a bear market in stocks far outweighed further gains in real estate values, a Federal Reserve report showed on Friday.Household net worth tumbled to $143.8 trillion at the end of June from $149.9 trillion at the end of March, its second consecutive quarterly decline, the Fed's quarterly snapshot of the national balance sheet sh
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