Middle-income homeowners accumulated more than $120,000 in wealth in the past decade
Author: Swapna Venugopal Ramaswamy, USA TODAY
The Daily Money: Tax Day 2023 deals and free food: Mark the tax deadline with discounts, freebies Tuesday
The deadline to file your federal tax return is April 18. This year, Americans had three extra days to file because the deadline was pushed back.
In shocking reversal, mortgages proved poor investment for banks that lost money on home loans
Loan volumes in 2022 were 50% down compared with 2021. Meanwhile, producing a loan got more expensive.
Rent is the ‘largest contributor’ to inflation. See where it is going up (or down)
While consumers paid less for gasoline and grocery housing costs went up 8% during the same time period.
Staycation for the win? Vacation home sales are down 50% from pre-pandemic levels
Once the hottest housing segment, the demand for vacation homes was plummeted amid high interest rates and economic uncertainty.
Manhattan population grows as other major New York counties see a decline
The reversal in population losses was particularly notable in King County, Washington, home to Seattle; as well as in large Sunbelt counties.
Commercial real estate is headed for a crisis worse than 2008, Morgan Stanley analysts say
More than half of the $2.9 trillion in commercial mortgages will be up for refinancing in the next couple of years, according to Morgan Stanley.
Home prices rose in February after months of decline as low inventory met high demand
Driven by a combination of moderately declining mortgage rates earlier in the year along with low inventory levels, home prices rose 0.16% in February
How Hispanic homeownership became a ‘driving force’ shaping the housing market’s future
Hispanic homeownership: It makes business sense for the housing industry to pay attention to this growing demographic, experts say.
Does homeowners’ insurance cover tornado damage? How to prepare before a disaster
Homeowner’s insurance policies also provide coverage for additional living expenses to finance temporary housing costs and other daily necessities.