Prospective buyers visit an open house for sale in Alexandria, Virginia. Jonathan Ernst | Reuters As home prices rise to record highs and mortgage interest rates soar, homeownership has become increasingly unaffordable. According to experts, hidden costs can surprise first-time buyers. Aside from the typical mortgage payment, the average homeowner spends $14,155 per year on …
The U.S. real estate investment market is currently managed by real estate investment trusts (REITs) that oversee a staggering $4.5 trillion worth of global real estate assets. These tax-friendly funds are widely offered to retail investors on Wall Street. KKR, a prominent private equity firm, is a major player in the REIT industry. Their real …
Living in a Barbie Dreamhouse may seem like an extravagant and expensive fantasy, especially when it comes to housing. Take, for instance, Airbnb’s life-size Barbie Dreamhouse rental in Malibu, a stunning pink mansion adorned with Barbie-themed decor. Although the listing is currently unavailable for bookings, fortunate guests who were able to secure a stay had …
The housing market in the United States is currently experiencing unprecedented turmoil. Factors such as historically low interest rates, the pandemic, and tightening by the Federal Reserve have created difficulties for both buyers and sellers. While some areas are seeing leveling or declining prices in response to higher mortgage rates, finding affordable homes remains a …
A new housing development has been constructed near the Mokelumne River in Stockton, California. Lawrence Yun, the chief economist for the National Association of Realtors, highlights the impact of the Federal Reserve’s actions on the housing industry. While the Federal Reserve’s interest rate hikes aim to control inflation, the bond market, specifically the spreads between …
At the familiar yet daunting hour of 3 a.m., I wake up in a state of anxiety, drenched in sweat, with my heart racing. To calm my nerves, I reach for a sacred document that brings me comfort during times of uncertainty. This document, an article from Rocket Mortgage, has become so familiar to me …