[ad_1] Home sales plunged in 2023 to a nearly 30-year low amid surging mortgage rates, a shortage of available properties and rising real estate prices. The National Association of Realtors said Friday that existing U.S. home sales totaled 4.09 million last year, an 18.7% decline from 2022. That is the weakest year for home sales … Read more
[ad_1] Mortgage rates continue to climb, hitting their highest level in nearly 23 years. The average rate on a 30-year fixed-rate loan rose to 7.49%, from 7.31% last week, Freddie Mac said Thursday. The average rate on a 15-year mortgage rate rose to 6.78% from 6.72% last week. “Several factors, including shifts in inflation, the … Read more
[ad_1] The spring homebuying season in the U.S. is off to a tepid start as buyers contend with sharply higher mortgage rates and near historic-low inventory of properties on the market. Existing U.S. home sales fell 2.4% last month from February to a seasonally adjusted annual rate of 4.44 million, the National Association of Realtors … Read more
[ad_1] A $100,000 salary has long served as the benchmark for attaining financial success, but for workers in New York City, Honolulu and San Francisco, raking in $100,000 isn’t enough to float a cushy, six-figure lifestyle, a new study shows. According to an analysis from financial information provider SmartAsset, workers earning $100,000 a year in … Read more