The 10 metros building the most single-family homes are all located in the Sun Belt, where home prices have skyrocketed as people move in from other parts of the country. Some of those same Sun Belt locales are also putting up the most multifamily properties, but northern metros including Seattle and Minneapolis are building a […]
The number of homes for sale shrank at its slowest pace in April since the start of the pandemic. Home sales fell and price growth slowed as soaring mortgage rates prompted more buyers to throw in the towel.
That’s $260 per month for the typical homebuyer—the largest savings since at least 2015. As mortgage rates surge, demand for adjustable-rate mortgages is on the rise because they typically have lower interest rates than 30-year fixed loans. The typical homebuyer could save an estimated $15,582 over five years, or roughly $260 per month, by taking […]