Price Cuts Creep Back Up as Summer Selling Season Stalls
After a strong spring and promising early summer, July saw homebuying stagnate as a result of rising borrowing costs, forcing sellers to slash prices to revive demand. The share of listings with a price cut reached 20% in July, nearly even with last year's levels, after running close to 2 percentage
Father of the 401(k) Says the System Is Broken—but Fixing It Could Help You Buy a House
Ted Benna, widely hailed as the father of the 401(k) retirement plan, wants to shake up the system he helped to create, to help those who are benefiting from it least. “We've reached a point now where many middle- and low-income employees can't afford to have money taken out of their paycheck,” Ben
Housing Week Ahead: Market Cools While Economic Indicators Signal What’s Next
Today, the Realtor.com® economics team releases its July Monthly Housing Trends Report—showing a market that isn't coming apart, but is cooling as is typical for late summer. Senior economist Jake Krimmel's full analysis, along with metro- and county-level data for markets beyond the top 50, is avai
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