Tag Archives: Homebuyers

Jean Frohling always wanted to help her three children buy places of their own. She and her husband, now in their mid-60s, saved for years in hopes of one day pulling their kids onto the property ladder. Eventually, hard work and foresight paid off: They gifted each of their first two children thousands of dollars to pad the down payments …

LOS ANGELES (AP) — Skyrocketing housing values and a shortage of homes on the market gave homeowners the upper hand for years when it came time to sell. That’s no longer a given. Across the country, it’s getting tougher for sellers to drive a hard bargain. A dearth of home shoppers who can afford to buy and uncertainty about the …

The 30-year fixed-rate mortgage fell by 0.06% week-over-week to 6.50%, according to Freddie Mac, marking a year-to-date low and the lowest rate since October 2024. However, lower mortgage rates have only resulted in a “trickle” of new homebuyers, said Redfin in a report on Thursday, adding that the median U.S. monthly housing payment of $2,593 is now at its lowest …

Flash back to the real estate market of just four years ago: homebuyers elbowing their way through crowded open houses, waiving inspections, and bidding up prices in search of the elusive “winning offer.” That sense of urgency is long gone. In fact, the formula has flipped. Instead of sprinting through the process, buyers these days are taking their time and …

After years of affordability challenges for buyers in the U.S., the housing market is “finally starting to listen,” according to Fortune 500 financial services firm First American. High mortgage rates and home prices sidelined homebuyers for years, especially in the aftermath of the pandemic housing market that saw sub-3% mortgage rates and more affordable home prices. But ever since then, …

A ‘For Sale’ sign is posted beside property for sale in Alhambra, California, on August 28, 2025. Frederic J. Brown | AFP | Getty Images Mortgage rates fell again last week, but not enough to pull overall demand out of the rut it’s been in for the past month. Total mortgage application volume dropped 1.2% last week compared with the …

Yet another sign that challenging market conditions and general consumer angst are putting potential homebuyers across the country on edge: Canceled purchase deals are at their highest rate in nearly a decade. During July, 15.3% of all pending home sales in the U.S. fell apart, likely because the buyer had a change of heart or because there was a problem …

Homebuyers Now Have More Buying Power in These 6 Cities  Realtor.com Only 28% of US homes now affordable for typical American household as buying power drops  Fox Business Homebuyers have lost thousands of dollars in spending power since 2019—here’s how much  CNBC Fact Check Team: Why are a third of major US metros unaffordable?  KOMO Americans Can Afford Only 28% Of Homes On The …

Matt Hutton was living the millennial homeowner dream. He scrimped and saved until he was able to buy his first place in 2019, paying $324,000 for a two-bedroom townhome in a suburb west of Denver. When mortgage rates dropped to record lows during the pandemic, he refinanced to slash his interest costs. Then home values ballooned, enabling him to sell …