The median asking rent in the US in February 2024 fell by $50 from its peak in August 2022. Across the country, rents fell in 50 of the largest metropolitan areas in February, according to a recent report.
Mortgage rates were previously forecasted to drop to 5.9% by the end of 2024. Mortgage rates are now expected to stay above 6% until the fourth quarter of the year 2025, according to a government-backed organization.
If passed, the new bill aims to reduce homeowners insurance premiums by at least 25%. Two political leaders in South Florida have proposed a congressional bill that aims to immediately lower the cost of homeowners property insurance in the state and across the nation.
On average, singles need eight years and five months to save up for homeownership compared to couples who only need two years and one month, a study found.
At least 32% of couples cited financial stability as the reason for getting a joint mortgage. This comes as housing affordability in the country is worsening.
Mortgage rates climbed for the fourth consecutive week in a row in the week ending February 29. Mortgage rates climbed for the fourth consecutive week in a row, jumping to the highest level recorded since December 2023.