Getty ImagesMost of us are well aware by now that higher mortgage rates—combined with already towering home prices—have driven a severe home affordability crisis over recent months. But just how much are they affecting the actual monthly costs needed to own a home in today’s market?
When mortgage interest rates move a fraction of a percentage point...
Getty Images / Realtor.comDan Snyder, owner of the Washington Commanders football team, has listed his Potomac, MD, mansion for a whopping $49 million. At the current asking price, it’s the state’s most expensive residential listing.
But Snyder doesn’t have to worry about having a place to stay in the D.C. area. He also owns an enormous property on...
Getty ImagesFor many home shoppers, buying a house right now can seem like a very pricey pipe dream. Mortgage interest rates still hover at an uncomfortably high mid-6% range for 30-year fixed-rate loans. And the Realtor.com® economists expect home prices will rise 5.4% year over year in 2023.
Those factors mean buying a home right now is an expens...
Illustration by Realtor.com; Photo: Getty ImagesIs the housing market back?
A surge in mortgage interest rates last year ground the real estate market to an abrupt halt, as scores of would-be buyers could no longer afford to purchase homes. But last month, as mortgage rates dipped and home prices fell from their peaks, home shoppers dipped their to...
iStockA cosigner can be the difference between landing the apartment of your dreams and having to move on to that building that gives you the heebie-jeebies. Sure, the thrill of finding an apartment may be gone quickly when the landlord requires someone to cosign your lease. But it could be the one thing that seals the deal.
Cosigned lease agreemen...
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