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Author: Terry Collins, USA TODAY

Money

Why the amount of first-time homebuyers is dropping drastically, and what’s being done?

November 3, 2022November 3, 2022Terry Collins, USA TODAYComments Off on Why the amount of first-time homebuyers is dropping drastically, and what’s being done?

Homebuyers in America are getting older as the number of first-time buyers dips as high mortgage and inflation rates reign, realtors’ report said.

Money

‘It’s going to be tough’: Fed rate hikes draw negative reaction as hot topic online; study

November 1, 2022November 3, 2022Terry Collins, USA TODAYComments Off on ‘It’s going to be tough’: Fed rate hikes draw negative reaction as hot topic online; study

The conversations about the ongoing interest rate hikes have been intensifying and the public sentiment is overwhelmingly negative, a new study shows.

Money

The US housing shortage is ‘awful’ and will likely get worse with no apparent end in sight

October 26, 2022Terry Collins, USA TODAYComments Off on The US housing shortage is ‘awful’ and will likely get worse with no apparent end in sight

Experts say the decades-long housing shortage is climbing, and now with mortgage interest rates soaring due to inflation, they see no end in sight.

Money

Mortgage rates top 7%. Is a fixed or an adjustable rate the best bet right now?

October 20, 2022November 29, 2022Terry Collins, USA TODAYComments Off on Mortgage rates top 7%. Is a fixed or an adjustable rate the best bet right now?

As mortgage interest rates in the U.S. have doubled in the past nine months, some home buyers might be on the fence about whether to buy or wait.

Money

As home sales stall, sellers’ fix-it punch list budget is 50% higher, data shows

October 18, 2022October 18, 2022Terry Collins, USA TODAYComments Off on As home sales stall, sellers’ fix-it punch list budget is 50% higher, data shows

As the housing market softens, would-be home buyers are no longer waiving that option that sellers make repairs, new data suggests.

Money

Housing market glossary: 25 real estate-related terms you should know, from FICO to escrow

October 14, 2022March 10, 2023Terry Collins, USA TODAYComments Off on Housing market glossary: 25 real estate-related terms you should know, from FICO to escrow

Contingency? Fixed-rate mortgage? Foreclosure? The housing market practically speaks a language all its own. Here are the terms you should understand.

News

NASA says its space tech could cut electric car charging times to 5 minutes or less

October 11, 2022October 12, 2022Terry Collins, USA TODAYComments Off on NASA says its space tech could cut electric car charging times to 5 minutes or less

Could EVs be charged in under five minutes, about the time it used to take to fill up for gas? Possibly, NASA and Purdue’s researchers believe.

Money

Housing market correction? Here’s what experts think is ahead for the real estate market

September 23, 2022September 26, 2022Terry Collins, USA TODAYComments Off on Housing market correction? Here’s what experts think is ahead for the real estate market

High mortgage interest rates and slow sales have finally caught up with a once scorching-hot housing market, leading to a correction, experts claim.

Money

To ‘fixer-upper’ or not? That’s the question for many Americans in a pricey housing market

September 18, 2022September 19, 2022Terry Collins, USA TODAYComments Off on To ‘fixer-upper’ or not? That’s the question for many Americans in a pricey housing market

Fixer-uppers are typically a way for first-time homebuyers to become owners but more more households are also considering the more affordable option.

Money

The hottest zip codes in US for home buyers may come as a surprise. New England dominates

September 14, 2022Terry Collins, USA TODAYComments Off on The hottest zip codes in US for home buyers may come as a surprise. New England dominates

Eight of Realtor.com’s top 10 hottest zip codes in the housing market are on the East Coast as home buyers are choosing to move away from big cities.

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