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Housing market

Homebuyers face a double whammy: rising mortgage rates and rising prices

by Samantha Fields
Oct 5, 2023
The average monthly payment on a new mortgage rose 46% in 2022, and home prices and mortgage rates have continued to climb in 2023.
With home prices and interest rates so high, people are increasingly having trouble qualifying for a mortgage.
Joe Raedle/Getty Images
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The housing market is a tale of two people: The buyer and the seller

by Kristin Schwab and Matt Levin
Sep 26, 2023
Both the buyer and the seller have unrealistic expectations right now, while prices and mortgage rates are high.
"Sellers don’t want to take anything less than the peak," Daryl Fairweather of Redfin says. "Buyers are hoping it’s 2008,” says Michael Orbino of Compass.
Saul Loeb/AFP via Getty Images
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What a “de facto ban” on Airbnb means for New York City 

by Kai Ryssdal and Livi Burdette
Sep 21, 2023
Will housing prices go down with fewer short-term renters around?
Airbnb has a long history in New York City. But New York's stance towards short-term rentals has just gone from one of the most relaxed policies out there, to one of the strictest.
Kena Betancur/AFP via Getty Images
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NYC is cracking down on short-term rentals. What does that mean for the housing market?

by Justin Ho
Sep 6, 2023
It's unclear whether reducing the number of short-term rentals will free up housing for city residents.
New York City's rules for short-term rentals went into effect on September 5, 2023.
Anthony Devlin/Getty Images
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Who wins in today's housing market?

by Elizabeth Trovall
Aug 29, 2023
Prices are rising, rates are climbing and supply is dwindling. That puts people who already own a home ahead.
For renters looking to buy their first home, "it's tough right now," said Thomas LaSalvia with Moody's Analytics.
Andrew Caballero-Reynolds/AFP via Getty Images
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"Date the rate, marry the house": The lure of refinancing when buying a home

by Matt Levin
Aug 22, 2023
Mortgage rates are still high, but some real estate agents have been citing an old refrain: "You can always refinance." Except, others say, when you can't
Even if mortgages get cheaper, so might homes, which would complicate refinancing, said Sacramento real estate agent Erin Stumpf.
Andrew Caballero-Reynolds/AFP via Getty Images
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Adventures in Housing

Checking in on the path of pandemic homebuying

by Maria Hollenhorst
Aug 10, 2023
Three real estate agents explain how their communities have changed.
The flow of out-of-state buyers into rural communities has not stopped, according to one Montana real estate agent.
Justin Sullivan/Getty Images
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Homeowners are gaining equity, but it may be going untapped

by Henry Epp
Jul 31, 2023
A new report finds the rate of mortgage borrowers considered "equity rich" increased to 49% in the second quarter.
"Why would you refinance if you've got a mortgage of 3%, at a mortgage rate of 7%?" says Susan Wachter of the Wharton School.
Philip Pacheco/AFP via Getty Images
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U.S. asking rents decline (slightly), but continue to rise in some regions

by Samantha Fields
Jul 28, 2023
Asking rents are down 1% nationally, though they're still rising in some regions.
A man watches apartment construction in Austin, Texas. The increase in apartment supply is one reason for cooling rents.
Brandon Bell/Getty Images
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Adventures in Housing

Co-buying a house with your best friend

by Maria Hollenhorst
Jul 27, 2023
The lack of affordability has spurred “nontraditional setups” like this partnership between women who trust each other and work well together.
In 2022, Cass Lang, left, and Jordan Heiden bought a home together in Vermont. “We both wanted the same thing at the same time, so why would we not do it?” Lang said.
Courtesy Lang
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