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Real Estate
Budget could delay rate cuts, keep mortgages higher
Period red-brick home rooftops in a suburb overlooking London's financial district. Oversnap | E+ | Getty ImagesLONDON — Britons are facing the prospect of higher mortgage rates for longer after the government's tax-and-spend budget…
Federal Reserve cuts rates after election. What that means for you
The Federal Reserve Building in Washington, D.C.Joshua Roberts | ReutersThe Federal Reserve announced Thursday that it will lower its benchmark rate by a quarter point, or 25 basis points, less than two days after President-elect Donald…
Mortgage rates surge on Trump victory, housing stocks to fall
President-elect Donald Trump's victory spurred a rise in in the U.S. 10-year Treasury yield. Mortgage rates, which loosely follow the benchmark yield, are also climbing.The average rate on the 30-year fixed mortgage surged 9 basis points…
The average age of first-time U.S. homebuyers is 38, an all-time high
Courtneyk | E+ | Getty ImagesFirst-time homebuyers in the U.S. are getting older.The median first-time homebuyer has reached an all-time high age of 38 years old, three years older than in July 2023, according to the National Association…
Mortgage demand stalls as interest rates surge higher ahead of election
A "For Sale" sign in front of a home in Atlanta, Georgia, US, on Wednesday, Sept. 18, 2024. Elijah Nouvelage | Bloomberg | Getty ImagesMortgage rates rose last week for the fourth time in five weeks, causing another pullback in…
Should I pay off my mortgage in retirement? Benz book tackles money
milan2099 | E+ | Getty ImagesOlder Americans have significant equityAs current and prospective retirees consider how to handle their assets, their homes are one area where they may have a lot of equity tied up, prompting the question,…
$23M White House replica mansion in California sells
Check out what's clicking on FoxBusiness.com. A mansion in California that resembles the White House is officially off the market after a buyer scooped it up in late October. The seller fetched $23 million in the Oct. 23 sale of the…
Fort Lauderdale developers plan $2 billion marina project
Renderings of plans for a new development at the Bahia Mar marina in Fort Lauderdale, Florida.Courtesy: ArX CreativeA team of developers including Related Group is launching a $2 billion development at the largest marina in Fort…
How Halloween, Thanksgiving, Christmas risks affect home insurance
Solstock | E+ | Getty ImagesHalloween trick-or-treaters and jack-o-lanterns can be downright scary — for your homeowners insurance policy.There is a 14% jump in homeowners insurance claims on Halloween compared to other days of the year,…
Pending home sales take unexpected leap higher in September
Signed contracts to buy existing homes in September jumped a surprising 7.4% compared with August, according to the National Association of Realtors. Analysts had been expecting about a 1% gain.These so-called pending sales were at the…