Chip Somodevilla/Getty Images; Realtor.com; Getty Images (1) The Federal Reserve has issued its first interest rate cut in four years, kicking off an easing cycle that will make new mortgages more affordable. Fed policymakers announced the half-point rate cut on Wednesday, bringing the central bank’s effective benchmark rate to about 4.8%, down from a two-decade […]

Getty Construction of new single-family homes rebounded in August, in a welcome sign for prospective homebuyers seeking more options in a tight housing market. Single-family housing starts were at a seasonally adjusted annual rate of 992,000 last month, up 15.7% from July’s revised figure, according to U.S. Census data released on Wednesday. Permits for single-family

Realtor.com; Getty Images (1) Mortgage rates tumbled from 6.35% to 6.20% for a 30-year fixed home loan for the week ending Sept. 12, according to Freddie Mac. “Mortgage rates have fallen more than half a percent over the last six weeks and are at their lowest level since February 2023,” Sam Khater, Freddie Mac’s chief

Getty Vice President Kamala Harris and Donald Trump met on Tuesday night for their first, and possibly only, debate of the 2024 presidential election. While sparks flew on the stage in Philadelphia, the encounter failed to offer voters a substantive debate on an issue that is key for many families: the rising cost of housing

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