The long list of spiraling costs includes property taxes, insurance, maintenance and home improvements.For many Americans, the math of homeownership doesn’t add up any more.A home buyer in 2019 could expect to spend about $20,000 a year on basic homeownership expenses: mortgage payments, property taxes, insurance, maintenance and repairs, according to data from Intercontinental Exchange and home-services marketplace Angi.By 2025,
Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.52%.“The 30-year fixed-rate mortgage averaged 6.52% this week,” said Sam Khater, Freddie Mac’s Chief Economist. “Stronger employment momentum has helped existing home sales reach a five-month high. Importantly, we're seeing homebuyers look past the short-term rate fluctuations
From small styling tweaks to smarter daily rituals, here are some simple ways to refresh your kitchen.The meals you cook naturally shift with the seasons. As the weather warms up, slow-braised dishes and hearty stews give way to grilled cuts, while roasted veggies turn into fresh, crisp salads.It only makes sense that your kitchen follows suit. A refresh doesn’t have to mean a full gut renovation—in fact, designers say that some of the most i
Existing-home sales perked up last month, with sales rising to the highest level in five months.Improving affordability is bringing more home buyers back into the market, giving home sales a solid boost in May.Existing-home sales—which includes single-family homes, townhomes, condos and co-ops—rose 3.2% last month compared to April’s mostly stagnant sales, the National Association of REALTORS® reported on Tuesday. Annually, home sales also
The labor market is strengthening, with 172,000 net new jobs in May. Moreover, the upward revisions to the prior months’ data show cumulative job gains of 565,000 over a three-month period—among the strongest in recent years. The healthcare sector has been consistently adding jobs at a solid pace. On the other hand, both federal and state government jobs have been falling. In addition, attesting to recent years’ softness in home sales, empl
This Memorial Day, we remember and honor the brave men and women of the United States Armed Forces who have provided courage, dedication, and selflessness for our country and are the foundation of the freedoms we enjoy every day. It’s important to reflect on the true meaning of Memorial Day that is a day of remembrance, gratitude, and respect for those that have sacrificed everything.At iPro, we’re proud to serve communities built on strength
Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.51%.“The 30-year fixed-rate mortgage averaged 6.51% this week,” said Sam Khater, Freddie Mac’s Chief Economist. “As rates fluctuate, aspiring buyers should remember that by shopping around for the best mortgage rate and getting multiple quotes, they can potentially s
NAR’s chief economist says “cautious optimism” is emerging as the real estate market shakes off some economic headwinds.Pending home sales rose last month, building on March’s modest gains and helping to reverse what had been a sluggish start to the spring housing market.By even some economists’ accounts, the latest uptick in pending home sales—along with a recent rise in new home sales—may be coming as a surprise.“Buyers are comi
(OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.36%.“Mortgage rates ticked down this week, averaging 6.36%,” said Sam Khater, Freddie Mac’s Chief Economist. “While purchase demand is softening, it remains above this time last year. Recent data also shows existing-home sales modestly edging up.”News FactsThe 30-year FRM average
