Author: Swapna Venugopal Ramaswamy, USA TODAY

Homeowner’s insurance policies also provide coverage for additional living expenses to finance temporary housing costs and other daily necessities.

The housing market has been overly sensitive to what the Fed has done with interest rates, both when they’ve been high or low.

Existing-home sales reversed a 12-month slide in February while home prices fell year-over-year, ending the longest price growth streak on record.

Compared to February 2022, home building is down 18%, with single-family housing down 32%. Meanwhile, apartment construction was up 14% year over year.

The Fed’s aggressive interest rate hikes have eroded the value of bank assets such as government bonds and mortgage-backed securities.

Affordability is a key factor when it comes to areas where sellers still have advantages. There are the 10 hot locations in the housing market.

High mortgage rates, limited inventory and eroding affordability are still forcing buyers to make most of the compromises.

Congress must repeal the Trump-era law, which was supported by both Republicans and Democrats, say advocates and some lawmakers.

Consider calling your credit card company to see when your statement is reported to credit bureaus. Some report balances on or before the due date.