In a noteworthy development for the real estate sector, the National Association of Realtors (NAR) reported a 4.8% increase in sales of previously owned homes in November compared to the previous month. This uptick brings the annualized pace of home sales to 4.15 million units, marking the third-highest level this year and reflecting a solid
Real Estate
In 2024, the Federal Reserve executed a strategy of lowering its interest rate target on three notable occasions. This move generated a wave of anticipation among American homeowners eager for a decline in mortgage rates. Despite these hopes, experts caution that significant drops in mortgage costs may not materialize in the near future. Jordan Jackson,
In a surprising turn of events, the Federal Reserve has implemented its third interest rate cut of 2024, lowering the benchmark rate by 0.25 basis points. Despite this move, which was generally expected to ease borrowing costs, mortgage rates have surged, leading to widespread confusion among borrowers and economic analysts alike. For the week ending
The stock market is often characterized by its unpredictability, especially during times of economic uncertainty. Recently, we witnessed a notable fluctuation following the Federal Reserve’s announcements that affected investor sentiment. Post the Fed’s hints regarding interest rates, markets experienced a significant selloff, with many traders feeling an overwhelming sense of pessimism. This atmosphere of fear
The journey of purchasing a home often presents challenges, particularly in the face of fluctuating market conditions. Despite the uncertainties surrounding the housing landscape for 2025, emerging reports shed light on various metropolitan areas that could provide promising opportunities for both buyers and sellers. According to the National Association of Realtors (NAR), specific regions are
Recently, there has been a notable intensification in mortgage rates, significantly impacting the demand for mortgage applications. According to the Mortgage Bankers Association, there was a 0.7% dip in total application volume compared to the week prior, marking the first decline in five weeks. This shift might be indicative of a broader economic trend as
In the ever-evolving financial landscape, investors frequently adjust their portfolios to seize opportunities as they arise. The latest trades executed by Jim Cramer’s Charitable Trust serve as an insightful case study on how to navigate market fluctuations. Recently, the Trust has acquired 25 shares of Home Depot at approximately $407 each and 15 shares of
The tragic collapse of a 12-story condominium tower in Surfside, Florida, in 2021 shook the state to its core and spurred immediate legislative action towards enhancing building safety regulations. With the incident casting a long shadow over older condominium complexes, the state mandated new inspections and repair protocols for any buildings over 30 years old.
As of 2023, an intriguing shift in the landscape of homeownership has been observed: Generation Z is leading the charge. Those aged between 19 and 26 have outpaced both Millennials and Generation X when it comes to homeownership rates. According to research by Redfin, around 27.8% of 24-year-old Gen Zers own their homes, slightly ahead
Timothy Armoo stands as a testament to the evolving mindset of today’s young entrepreneurs, especially those who attain financial success at an early age. Having co-founded and served as CEO of Fanbytes, an influencer marketing agency, Armoo gained substantial wealth after selling the company to Brainlabs in May 2022 for an undisclosed eight-figure sum. However,