This year’s homebuyers need larger rate drops for refi benefits
A Neighbors Bank analysis found that a 0.25-point interest rate decline left the average borrower $2,424 underwater after three years.
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Pittsburgh, Cleveland top global metro affordability list
Homebuyers can purchase nearly six homes in Cleveland or Pittsburgh for the price of one in San Francisco, according to data.
Read MoreHomebuyers finally catch a break with more inventory
Homebuyers are finally getting some good news: Active housing inventory is returning to the levels we experienced before the pandemic.
Read MoreInside 2 Texas cities where home prices are dropping, sellers are slashing asks, and buyers can get lowball offers accepted
Homebuyers may finally have the upper hand in cities where prices are falling. In Austin, an agent said, a $1.5 million home sold for just $850,000.
Read MoreNo, Wall Street investors haven’t bought 44% of homes this year
Despite the hype, big investors are still a tiny percentage of homebuyers and not to blame for extremely low housing inventory.
Read MoreHousing market thaws as new listings jump by the most in over 2 years and mortgage payments drop
My advice for serious homebuyers is to compare housing costs to recent highs instead of long-ago lows, Redfin's Chen Zhao said.
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