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Getty Images Consumer prices rose by 0.2% in August on a seasonally adjusted basis and were up 2.5% year-over-year, according to the latest Consumer Price Index report released on Wednesday. That’s the lowest increase since March 2021 and is down from July (2.9%), June (3.0%), May (3.3%), and April and March readings (3.4%). The CPI is generally a good indication […]

WVDCR; Teddy Miller / Instagram A man who dubbed himself the “Wolf of West Virginia” has been accused of running a real estate investment scam with his mother’s assistance, after using TikTok to show off his lavish lifestyle and advertise investment schemes. Theodore “Teddy” Miller, 34, was charged with 12 counts of wire fraud, one

Bill Pugliano/Getty Images Former President Donald Trump said he would ban undocumented immigrants from obtaining home mortgages, a move he indicated would help ease home prices even though these buyers account for a tiny fraction of U.S. home sales. Home loans to undocumented people living in the U.S. are legal but they aren’t especially common.

Realtor.com; Getty Images (1) Mortgage rates stayed flat at 6.35% for a 30-year fixed home loan for the week ending Sept. 5, according to Freddie Mac. “Mortgage rates remained flat this week as markets await the release of the highly anticipated August jobs report,” Sam Khater, Freddie Mac’s chief economist, said in a statement. “Even

Getty Images Late real estate mogul Brandon Miller died with just $8,000 in the bank after racking up $34 million in debt, it has been reported. Weeks after Miller took his own life at the age of 43, legal documents have now revealed the true extent of his financial struggles—much of which was linked to

ANDREW CABALLERO-REYNOLDS/AFP via Getty Images The numbers: Pending home sales hit a fresh record low in July as declining mortgage rates failed to spark increased activity, in part because of the uncertainty over the election. Pending home sales fell 5.5% in July from the previous month, according to the monthly index released Thursday by the National

Realtor.com; Getty Images (1) Mortgage rates continued to fall this week, with the average rate for a 30-year fixed home loan going from 6.46% last week to 6.35% for the week ending Aug. 29, according to Freddie Mac. “Mortgage rates fell again this week due to expectations of a Fed rate cut,” Sam Khater, Freddie

Getty The U.S. Treasury Department has issued a new rule that aims to prevent nefarious actors from using residential real estate deals for money laundering. The final rule issued on Wednesday will require real estate professionals to report the true identity of all-cash homebuyers who use shell companies or other legal entities to purchase residential

Getty/Westend61 Home prices in the U.S. have reached a new record high, but are growing at a slower pace. Released on Tuesday, the latest S&P CoreLogic Case-Shiller Index of national home prices hit an all-time high in June, growing 5.4% from one year ago. That was down from a 5.9% annual gain reported the previous

Samuel Corum / Stringer / Getty Images At last, “the time has come” for interest rate cuts. Earlier on Friday, Federal Reserve Chair Jerome Powell gave would-be homebuyers and sellers some much needed hope. At the central bank’s annual gathering in the Grand Teton National Park in Jackson Hole, WY, Powell said, “We do not