Many aspiring homeowners find the task of coming up with a down payment to be quite daunting. However, according to a recent survey by Clever.com, 77% of future homebuyers have already started putting money aside for this purpose. The report further reveals that 57% of potential buyers plan to put less than 20% down when
Real Estate
The month of April saw a 4.7% decrease in the sales of newly built homes as compared to March. Not only that, but there was also a significant 7.7% drop in sales from the previous year. These numbers paint a clear picture of the challenges currently faced by the housing market. The main culprit behind
The real estate market experienced a setback in April, with sales of previously owned homes falling short of expectations. The National Association of Realtors reported a 1.9% drop in sales to 4.14 million units on a seasonally adjusted annualized basis. This decline came as a surprise to many, as the forecast had anticipated a slight
China’s recent policies to boost the real estate market have been met with mixed reactions from analysts. Despite the government’s efforts, experts believe that these initiatives will take time to yield concrete results. S&P remains cautious about the situation, stating that the property market is still in search of a stable foundation. Edward Chan, director
Homeowners are continuously looking for ways to increase the value of their homes, especially with the spring housing market heating up. While the frenzy of home renovation activity may have calmed down slightly compared to the pandemic era, there are still certain projects that offer the highest return on investment. According to the 2024 Cost
Phoenix, the fifth-most populous city in the United States, has been making strides in combating inflation, with recent data indicating a positive trend. The city’s inflation rate of 2.6% from April 2023 to the present has been slower than the national average of 3.4%, showcasing promising signs for the local economy. The Bureau of Labor
In an attempt to address issues in the massive real estate sector, Chinese authorities have recently pledged new support for state-owned enterprises. The objective of this effort is to enable these enterprises to purchase unsold apartments, which in turn could provide developers with the necessary funding to finish construction on pre-sold properties. People’s Bank of
Despite a recent drop in mortgage rates to their lowest level since April, buyers are still facing challenges in affording today’s housing market. This struggle is evident in the stagnant pace of mortgage demand, which only increased by 0.5% from the previous week according to the Mortgage Bankers Association’s index. The average contract interest rate
The average down payment for home purchases has increased to 13.6% in the first quarter of 2024, according to data from Realtor.com. Despite this uptick, it is still far below the perceived standard of 20% that many people associate with buying a home. The median down payment amount was reported at $26,000, indicating that buyers
As the value of homes continues to rise, more Americans find themselves potentially owing capital gains taxes upon selling their property. Typically, most individuals do not owe taxes on the sale of their primary residence due to the Section 121 exclusion. This special tax break allows up to $250,000 in profits for single filers and