Jeff Ostrowski

The chasm between the nation's priciest housing markets and the most affordable regions has been growing wider. The typical home price in Silicon Valley eclipsed $2 million during the second quarter of 2024, according to the National Association of Realtors. That number looms even larger when contrasted with the nation's cheapest market, Decatur, Illinois, where the median sale price was just $126,700. In other words, it costs nearly 16 times as much to buy a home in San Jose, California, as it does in Decatur.

The current average rate for a 30-year fixed mortgage is 6.22, the average rate for a 15-year fixed mortgage is 5.41 percent, and the average 5/1 ARM rate is 5.75 percent.

With so many mortgage lenders out there, it can be challenging to know where to start, especially if you’re a first-time homebuyer. Bankrate looked closely at several key criteria to help narrow down the top mortgage lenders for first-timers, including first-time buyer and low-down payment loans and down payment assistance, as well as other aspects that can help you navigate the homebuying process. Here is our guide to the best mortgage lenders for first-time homebuyers in 2024.

The pandemic-fueled real estate boom has led to a large appreciation in the worth of home values and the worth of homeownership stakes.

The site of a long-shuttered Macy's in Pompano Beach, Fla., sold this week. The department store, closed since 2020, is slated to be replaced by apartments.

Last year may go down in real estate history as the year of correction. After a pandemic-fueled, seller-benefitting boom — with bidding wars, inventory

By Dr. James Papandrea ( bio - articles - email ) | Oct 09, 2024 | In Way of the Fathers (Podcast)

reprints Multifamily developer Cymbal DLT 's Asi Cymbal recently completed a project under Florida's new affordable housing law, the Laguna Gardens apartment complex in Miami Gardens.

Tim Myers was about to close on a home in Fort Wayne, Indiana, when the email he’d been expecting popped into his inbox. His mortgage loan officer sent wire instructions

Today's average 30-year fixed-mortgage rate is 6.55, the average 15-year fixed-mortgage rate is 5.89 percent, and the average 5/1 ARM rate is 6.04 percent.