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Author: Swapna Venugopal Ramaswamy, USA TODAY

Money

Wealthy Americans snap up vacation homes and invest in a change of scenery in a hot market

July 7, 2021July 29, 2021Swapna Venugopal Ramaswamy, USA TODAYComments Off on Wealthy Americans snap up vacation homes and invest in a change of scenery in a hot market

Home prices rose at a stronger pace in vacation home counties in 2020, increasing by 14% compared to 10% in non vacation home counties.

Money

Worried about foreclosing? New rules aim to give homeowners options to cope with mortgage struggles

June 29, 2021June 29, 2021Swapna Venugopal Ramaswamy, USA TODAYComments Off on Worried about foreclosing? New rules aim to give homeowners options to cope with mortgage struggles

The Consumer Financial Protection Bureau issues new rules to ensure borrowers have time to explore options, like modifying loans and selling homes.

Money

Rental prices reach the highest level in two years: ‘Young adults are setting out on their own again’

June 18, 2021June 20, 2021Swapna Venugopal Ramaswamy, USA TODAYComments Off on Rental prices reach the highest level in two years: ‘Young adults are setting out on their own again’

Renters appear to be heading back to cities as vaccination rates rise and jobs come back. The median rent hit its highest level in two years in May.

Money

Mortgage rates: Despite low-interest rates, not all homeowners are refinancing. Should you refinance now?

June 11, 2021June 11, 2021Swapna Venugopal Ramaswamy, USA TODAYComments Off on Mortgage rates: Despite low-interest rates, not all homeowners are refinancing. Should you refinance now?

Interest rates are at historic lows but about 14.1 million borrowers are not looking to refinance. Here are tips and strategies to save you money.

Money

Low-income borrowers could potentially save an average of $100 to $250 a month under a new FHFA program

June 4, 2021Swapna Venugopal Ramaswamy, USA TODAYComments Off on Low-income borrowers could potentially save an average of $100 to $250 a month under a new FHFA program

More than 2 million low-income families did not take advantage of historically low interest rates to refinance their mortgages.

Money

Home prices rose by more than 50% in these 10 markets since 2017

June 2, 2021June 2, 2021Swapna Venugopal Ramaswamy, USA TODAYComments Off on Home prices rose by more than 50% in these 10 markets since 2017

If you own a home in the top 10 metro housing markets, it might be worth a lot more than what you paid for, even if you bought it a few years ago.

News

Luxury home sales soar, even helping houses that languished on the market for months

June 1, 2021June 1, 2021Swapna Venugopal Ramaswamy, USA TODAYComments Off on Luxury home sales soar, even helping houses that languished on the market for months

Americans have struggled with bidding wars and a limited number of houses for sale. But the luxury home real estate market is improving.

Money

Multi-generational home sales increase during COVID-19 pandemic as buyers care for parents

May 23, 2021May 24, 2021Swapna Venugopal Ramaswamy, USA TODAYComments Off on Multi-generational home sales increase during COVID-19 pandemic as buyers care for parents

In the first three months of the coronavirus pandemic, the number of multi-generational homes bought jumped from 11% to 15%.

Money

As prices soar and bidding wars flare, many home sellers will ask above what they think their house is worth

May 20, 2021Swapna Venugopal Ramaswamy, USA TODAYComments Off on As prices soar and bidding wars flare, many home sellers will ask above what they think their house is worth

In the current seller’s market, 29% of would-be home sellers expect to set the list price above what they think the house is worth.

Money

Finally tackling that home improvement project? Why you should expect delays, shortages and higher prices into 2022

May 20, 2021May 20, 2021Swapna Venugopal Ramaswamy, USA TODAYComments Off on Finally tackling that home improvement project? Why you should expect delays, shortages and higher prices into 2022

The COVID pandemic brought an opportunity for many to start home improvement plans. But the industry is having trouble delivering.

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