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Though many Americans believe the housing market is at risk of crashing, the economists who study housing market conditions overwhelmingly do not expect a crash in 2024 or beyond. How low demand can cause a housing market crashA sudden drop in homebuying demand can lead to a housing market crash. What a housing market crash would mean for homebuyersAnything is possible, and nobody has a crystal ball to see for certain what will happen in the housing market in the coming months and years. Preparing for a potential housing market crashRight now, you probably don't need to be preparing for the housing market to crash. Housing market crash FAQsWhat are the key signs of an impending housing market crash?

Persons: homebuyers, Fannie Mae's, Lawrence Yun, Yun, isn't Organizations: Housing Survey, National Association of Realtors, Housing Locations: exurbs, Chevron

☆ Mortgage interest rates are expected to drop by the end of the year—here’s how much you could save on monthly payments
▼ + stars: | 2024-07-19 | by ( Mike Winters | ) www.cnbc.com time to read: +2 min

While mortgage rates are most closely linked to 10-year Treasury bonds, they tend to move in tandem with the Federal Reserve's benchmark interest rate. Consequently, a rate cut is likely to lower mortgage rates later this year. That's potentially good news for homebuyers, since interest rate cuts would likely make monthly mortgage payments a bit more affordable. Most major housing organizations expect mortgage rates to drop by the end of the year. Mortgage rate forecasts for the end of 2024 differ slightly.

Persons: Fannie Mae, Wells, Kevin McLoughlin Organizations: Federal, Traders, Mortgage, Association ., Federal Reserve Locations: Virginia

☆ 15 major cities where rent is at least 15% cheaper than the national average
▼ + stars: | 2024-07-18 | by ( James Faris | ) www.businessinsider.com time to read: +1 min

However, apartment prices are still far higher than in 2020 in most markets. Here are 15 cities where rent costs at least 15% less than the national average. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRent continues to tick down across the US, but at this pace, it would take several lifetimes to see pre-pandemic apartment prices again. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Service, Business

☆ 'Rentvesting' can be 'a good way to get into the property market,' economist says. Here's how it works
▼ + stars: | 2024-07-15 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +6 min

"It can be a good way to get into the property market," she said, especially if you live in a city where home prices are out of your budget. About 55% of small-portfolio rental owners hire a property manager because they don't live near their rental property, according to the State of the Property Management Industry Report by Buildium, a property management software company. However, hiring a property manager comes at a cost, which depends on factors such as the property location and services provided. Property manager fees can reach up to 25% of the monthly rent price, depending on the specifications, according to Apartment List. That's good news for renters, "but not good news if you're a property owner," said Fairweather.

Persons: Oscar Wong, Danielle Hale, Hale, they're, Daryl Fairweather, Fairweather Organizations: Finance, Redfin, Property Management Locations: United States

☆ Jennifer Lopez and Ben Affleck listed the Beverly Hills mansion they bought last year on the market for $68 million
▼ + stars: | 2024-07-12 | by ( Amanda Goh | ) www.businessinsider.com time to read: +1 min

Jennifer Lopez and Ben Affleck have listed their Beverly Hills mansion for $68 million. The couple bought the 5.2-acre property last year for $60.85 million, per listing records. This comes after months of rumors swirling that the couple is facing problems in their relationship. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementJennifer Lopez and Ben Affleck have put their sprawling Beverly Hills mansion on the market for $68 million.

Persons: Jennifer Lopez, Ben Affleck, — Organizations: Service Locations: Beverly

☆ 'It's ok to marry the house and date the rate' and 6 more key pieces of real estate advice from Ryan Serhant
▼ + stars: | 2024-07-09 | by ( Celia Fernandez | ) www.cnbc.com time to read: +6 min

Since entering the real estate industry and becoming a reality star, Serhant has shared several pieces of wisdom, including his approach to being an agent, why owning real estate is a path toward generational wealth and more. On real estate and generational wealth"Owning real estate is a great path toward generational wealth in the United States. "That said, owning real estate is also one of the easiest ways to lose wealth. "Real estate is an amazing investment for the long term, but you can never bet on the short term," he says. "If you've never bought real estate before, work with someone who has, talk to someone who has, and use a real estate broker," he says.

Persons: Ryan Serhant, Serhant, Realtor.com, Joe De Sena's, you've, De Sena Organizations: Netflix, New, CNBC Locations: Manhattan, New York, United States

Mortgage rates have started July a bit higher than they were last month, with 30-year mortgage rates averaging around 6.71% this week, according to Zillow data. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. 30-Year Fixed Mortgage RatesThe average 30-year fixed mortgage rate was 6.95% this week, according to Freddie Mac. 15-Year Fixed Mortgage RatesAverage 15-year mortgage rates were 6.25% this week, according to Freddie Mac data, which is a nine-basis-point increase from the previous week. Now that the Fed has paused hiking rates, mortgage rates have come down a bit.

Persons: Danielle Hale, Hale, Freddie Mac Organizations: of Labor Statistics, Labor, Federal Reserve, Zillow, Fed Locations: U.S, Chevron

☆ Wilmington to Corpus Christi: The 10 best places to buy a beach house based on average home prices, rental revenue and more
▼ + stars: | 2024-07-05 | by ( Celia Fernandez | ) www.cnbc.com time to read: 1 min

Buying a second home, whether it's a lake house or a house on the beach, is a pretty significant investment for most. It can also come with many benefits, like a side hustle or extra income if you use the space as a rental property. In June, Realtor.com, in collaboration with AirDNA, released their ranking of the top 10 places to buy a beach house in the U.S. to use as a short-term rental. In order to rank the top 10 places, the report looked at:Median home pricesAverage annual rental revenueExpected yieldsSTR (short-term rental) regulationsOf the top 10, six were in the South, while the rest were scattered across the Midwest, East Coast, and Pacific Northwest.

Persons: AirDNA Locations: Realtor.com, U.S, Midwest, East Coast, Pacific Northwest

☆ Oakley founder lists $68 million brutalist home — see inside the concrete compound that looks like a Bond villain's lair
▼ + stars: | 2024-07-02 | by ( Jaures Yip | ) www.businessinsider.com time to read: +1 min

James Jannard listed a Beverly Hills compound for $68 million shortly after his record Malibu sale. The Oakley founder recently set a record with a $210 million Malibu mansion sale, surpassing Jay-Z. Jannard's net worth is an estimated $1.3 billion, per Forbes. AdvertisementJust days after making a record-breaking Malibu mansion sale for $210 million, Oakley founder James Jannard is back with another mammoth listing. The sunglasses mogul just put his Beverly Hills cement compound up for sale at $68 million, as first reported by Realtor.com.

Persons: James Jannard, Jay, —, Oakley, Realtor.com, Jannard Organizations: Malibu, Oakley, Forbes, Service, Beverly, Business Locations: Beverly, Malibu

☆ America has a serious ugly home problem
▼ + stars: | 2024-07-02 | by ( James Rodriguez | ) www.businessinsider.com time to read: +14 min

Recently she posted a video on her YouTube channel in which she phrased the question more bluntly: "Why are homes so 'ugly' now?" Most people agree that America needs more houses, but nobody seems all that thrilled with the ones being built. Related storiesThe blame for America's architectural nightmare, however, doesn't stop at production builders, rising costs, or local codes. Homes look this way because they're not just places where we live — they're also supposed to help us get rich. As they stare down these rising costs, builders and architects have almost no choice but to streamline or opt for cheaper design elements.

Persons: Bailey McInnes, McInnes, they're, James Wentling, John Burns, Peter Dennehy, They're, Dan Reynolds, Horton, Lennar, Kate Wagner, she's, —, Wagner, Marcia Straub, William Morgan, it's, Queen Anne Organizations: HGTV, YouTube, Facebook, Builders, Bureau of Labor Statistics, National Association of Home Builders, John Burns Research, Consulting, Harvard's, for Housing Studies, Harvard, The Locations: Northern Virginia, America, homebuilding, Providence , Rhode Island

☆ 'Cold' housing markets in these 3 states may be a buyer's best chance at a bargain
▼ + stars: | 2024-06-27 | by ( Filip De Mott | ) www.businessinsider.com time to read: +1 min

Housing markets in Louisiana, Florida, and Texas are the country's "coldest," Realtor.com says. These cold locales are seeing inventories rise and prices fall amid a lack of buyer interest. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementHousing markets in three Gulf states are the country's "coldest," with inventory moving up as prices fall lower, Realtor.com reported.

Persons: Realtor.com, —, Lake Organizations: Service, Mission, Business Locations: Louisiana , Florida, Texas, Lake Charles, Panama City, McAllen, Edinburg

☆ 11 big cities where home prices are falling the most
▼ + stars: | 2024-06-27 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +1 min

The median home price in May was $442,500, up from $441,000 in 2023, according to Realtor.com. Still, several big US cities saw home prices drop in May compared to the same time period in 2023. Miami saw the biggest decline — home prices fell by 11.2% year-over-year to $439,000. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This story is available exclusively to Business Insider subscribers.

Persons: Realtor.com, — Organizations: Miami, Service, Business

☆ Buyers shifting towards more expensive homes, Realtor.com's Danielle Hale
▼ + stars: | 2024-06-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBuyers shifting towards more expensive homes, Realtor.com's Danielle HaleDanielle Hale, chief economist at Realtor.com, joins CNBC's 'Squawk Box' to discuss why home prices are at record highs, market trends, and more.

Persons: Danielle Hale Danielle Hale

☆ These are the least difficult areas in U.S. to buy a home: NBC News Home Buyer Index
▼ + stars: | 2024-06-23 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +5 min

10'000 Hours | Digitalvision | Getty ImagesThere are areas in the U.S. that are considered to be the least difficult places to buy a home, according to a new real estate indicator. When the counties are sorted by index rank, Iroquois County, Illinois is the least difficult market to buy a home, according to the NBC News Home Buyer Index. Economic Instability: Macon County, Tennessee has the most stable local economy among measured areas. And finally, economic instability considers an area's market volatility, unemployment levels and interest rates. The NBC News Home Buyer Index was developed by NBC News alongside housing experts, such as a real estate industry analyst and a bank economist from the Federal Reserve Bank of Atlanta.

Persons: Joe Murphy, —, Murphy, Danielle Hale, Jacob Channel, Hale Organizations: NBC, U.S ., Finance, NBC News, Federal Reserve Bank of Atlanta, U.S . Department of Housing, Urban Development, . Census, Federal, Fed, who've Locations: U.S, Iroquois County , Illinois, Somervell County , Texas, Imperial County , California, Macon County , Tennessee

☆ Home prices around the US are being cut at a faster pace as inventory piles up
▼ + stars: | 2024-06-21 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

US Home prices are falling faster as sellers try to entice buyers fatigued by high mortgage rates. The share of homes on the market that saw a price cut rose to over 16% last month, according to Realtor.com. AdvertisementHome buyers may start feeling some relief soon, as house prices in the US are being slashed at faster clip. Related storiesPrice cuts are also taking place in more markets across the US, with 46 of the 50 largest metropolitan housing markets seeing a price cut last month. Price cuts are good news for homebuyers who have been waiting for the housing market to loosen up.

Persons: —, Price, Realtor.com, decelerate, Sabrina Speianu, homebuyers, Freddie Mac Organizations: Service

☆ A millennial and her husband left San Francisco and embarked on 'a grand nomadic tour of the US.' She shares why they ended up moving to Chattanooga, Tennessee.
▼ + stars: | 2024-06-16 | by ( Madison Hoff | ) www.businessinsider.com time to read: +6 min

Rachel Pohl, 34, who lived in San Francisco for several years, and her husband, Jesse Rosenthal, are just two of the people who left. They had been considering moving away from California for quite some time before leaving San Francisco in the fall of 2020. She has also found the people are more diversified in terms of jobs, as opposed to the dominance of tech in the San Francisco area. Realtor.com noted both San Francisco and Chattanooga as buyer's markets at the moment, where the "supply of homes is greater than the demand for homes." Have you moved out of San Francisco or somewhere else in the US?

Persons: —, Francisco, It's, Rachel Pohl, Jesse Rosenthal, they're, Pohl, she's, let's, " Pohl, hadn't, Chattanooga Pohl, it's, Realtor.com Organizations: Service, Chattanooga, Business, ., San Locations: San Francisco, Chattanooga , Tennessee, California, . Montana, Chattanooga, Durham , North Carolina, Francisco, Tennessee, San Franciso, there's, mhoff@businessinsider.com

☆ The top 10 cities with the most homes under $200,000 all share the same thing: baked-in affordability
▼ + stars: | 2024-06-15 | by ( Jordan Pandy | Erin Snodgrass | ) www.businessinsider.com time to read: +2 min

This story is available exclusively to Business Insider subscribers. "I don't think there's any place where we are seeing significant price reductions," Realtor.com data journalist Evan Wyloge told Business Insider. "A lot of this list has to do with the baked-in affordability for some of these places." Not a single West Coast city cracked the top ten — simply because there are no affordable pockets out West, Wyloge said. Realtor.com scoured the US to find the most affordable cities and ranked them by how many listings they had under $200,000 — excluding land, mobile homes, and cities with less than 100 listings.

Persons: —, Evan Wyloge, Wyloge, Hannah Jones, It's Organizations: Service, Business, National Association of Realtors Locations: Florida, Lauderdale, Lauderhill, Fort Lauderdale

☆ 7 top cities where renters can score significant savings despite persistent inflation
▼ + stars: | 2024-06-11 | by ( James Faris | ) www.businessinsider.com time to read: +1 min

Rent fell on a year-over-year basis for the 10th month in a row. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAlthough rent continues to fall across the US, substantial cost savings are rare — especially after accounting for stubbornly high inflation. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Service, Business

☆ What to expect from the housing market in the second half of 2024, according to real estate experts
▼ + stars: | 2024-06-10 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

While the market is seeing more listings, the boost in supply is not enough to attract buyers, according to Doug Duncan, senior vice president and chief economist at Fannie Mae. "Mortgage rates are down a bit from May highs, but that hasn't spurred a surge of competition among buyers in the housing market," Divounguy said. Many experts believe the Federal Reserve will likely hold interest rates in the upcoming board meeting on June 12. However, the National Association of Realtors forecast a potential interest rate cut by the fall of this year, according to Jessica Lautz, the NAR's deputy chief economist. 'It's hard to foresee prices really cooling'While the housing market has slowed in terms of the number of transactions, prices haven't soften despite broader expectations, Ostrowski explained.

Persons: Orphe Divounguy, Realtor.com, Kelman, Doug Duncan, Fannie Mae, Duncan, Freddie Mac, hasn't, Divounguy, Jessica Lautz, Ostrowski Organizations: Realtor.com, CNBC, Federal Reserve, Reserve, National Association of Realtors Locations: U.S

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. This story is available exclusively to Business Insider subscribers. Indeed, Florida hosts some of the best spots to retire, according to a new ranking from real-estate website Realtor.com. AdvertisementWhile Florida is showing up and showing out, you don't necessarily have to head south to find an ideal post-career destination — your affordable retirement might just be down the Jersey Shore. Here are the top 10 spots to retire, according to Realtor.com, what it costs to live there, and what they're best known for.

Persons: —, Realtor.com Organizations: Service, Security, Business, Florida Locations: Florida, Jersey Shore

☆ Pending home sales in April slump to the lowest level since the start of the pandemic
▼ + stars: | 2024-05-30 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

According to a report by the National Association of Realtors, pending home sales fell 1.5 percent in October to their lowest level in 20 years. These so-called pending sales are a forward-looking indicator of closed sales one-to-two months later. Pending sales were 7.4% lower than in April of last year. Because the count is based on signed contracts, it shows how buyers are reacting to mortgage rates in real time. With home prices still climbing and supply very low, leading to increased competition, that jump in rates had a huge effect on sales.

Persons: Justin Sullivan, Lawrence Yun, Yun, Hannah Jones Organizations: National Association of Realtors, Mortgage News, NAR, West, Realtor.com Locations: CALIFORNIA, San Anselmo , California, Midwest, Redfin

☆ 'Zoomtown' slowdown: 18 cities where rents have plummeted from their pandemic peak
▼ + stars: | 2024-05-23 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

That figure was 0.7%, or $12, less than in 2023 but is still 22.5% higher than the pre-pandemic rent rate of $1,407 in April 2019. Advertisement18 cities where rents have fallenRenting is also much more affordable than it was during the pandemic peak. The typical Austin apartment in April went for $1,494, which is down 11.5% — or nearly $200 — from the peak rent of $1,689 in September 2022. Below are the 18 US cities, many of which became Zoomtowns during the pandemic, where apartment prices are down at least 5% from their post-2019 peak. Along with each is its median rent in April, year-over-year rent change, peak rent, and change from that peak rent figure.

Persons: —, Realtor.com, Jiayi Xu, Xu, Austin Organizations: Service, Business, Star Locations: Austin

☆ Jessica Biel shares why she and Justin Timberlake left LA. They are part of a trend of wealthy families moving out of big US cities.
▼ + stars: | 2024-05-23 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +3 min

Read previewJessica Biel said she and Justin Timberlake left Los Angeles in the hope that their children would have a better quality of life. The couple had their first child, Silas Timberlake in 2015 and their second, Phineas Timberlake, in 2020. Since 2018, there have been numerous reports of Biel and Timberlake moving out of LA to properties in Tennessee and Montana. In 2023, realtor.com reported that Timberlake was trying to sell his property outside Nashville, though this has not been confirmed. Justin Timberlake, and Jessica Biel seen out and about for Halloween with their son on October 31, 2018, in New York City.

Persons: —, Jessica Biel, Justin Timberlake, Silas Timberlake, Phineas Timberlake, Biel, Timberlake, Kelly Ripa, We're, realtor.com, Biel's, Robert Kamau, Getty Biel Organizations: Service, Business, Forbes, Street Locations: Los Angeles, LA, Tennessee, Montana, Florida, Dallas, Nashville, East Coast, West Coast, New York, Big Sky , Montana, New York City

☆ Inside 2 Texas cities where home prices are dropping, sellers are slashing asks, and buyers can get lowball offers accepted
▼ + stars: | 2024-05-19 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +6 min

Read previewAfter years of sellers calling the shots in the real-estate market, the balance may finally be tipping towards homebuyers in some US cities. But with fewer prospective buyers in the market for homes, home prices are now declining in several cities across the US. Related storiesThe trend, has led many sellers to lower their prices — though prices still remain significantly higher than a decade ago. As homes linger on the market, sellers are reducing their prices to draw buyers, she added. "It's definitely a buyers' market right now," Boatright said.

Persons: —, Nicole Marburger, Austin, Marburger, homebuyers, Sellers, San Antonio —, Mercy, Boatright, I've Organizations: Service, homebuyers, Business, National Association of Realtors, Lone Star State, Austin, Austin and New Braunfels, Real, Hunters Locations: United States, San Antonio, New Braunfels, — New Braunfels, Austin, Austin and New, Texas, Braunfels, homebuyers

☆ I spent an afternoon in Scottsdale, Arizona's most elite neighborhood, where homes cost up to $50 million. It felt like a private small town.
▼ + stars: | 2024-05-18 | by ( Joey Hadden | ) www.businessinsider.com time to read: +1 min

DC Ranch is the priciest neighborhood in Scottsdale, Arizona, with an average home price of $3.3 million. I got an exclusive tour of the neighborhood and thought it felt like a small town. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe most expensive neighborhood in Scottsdale, Arizona, is a sprawling, 4,400-acre community with four villages packed with mansions, condos, and businesses lining the McDowell Mountains. Known as DC Ranch, the neighborhood has an average listing price of $3.5 million, according to Realtor.com.

Persons: —, It's Organizations: Service, DC, Business Locations: Scottsdale , Arizona

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