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Homes

Homebuyers increasingly willing to pay above asking price

LOS ANGELES — The red-hot U.S. housing market is widening the gap between what a home is objectively worth and what eager buyers are willing to pay for it.Fierce competition amid an ultra-low inventory of homes on the market is fueling bidding wars, prompting a growing share of would-be ...

Did you know about this loophole in most AC warranties?

Most of the time when you get a new AC unit, the manufacturer will give a 10-year warranty to show how much they believe in their equipment.This is definitely a plus… until you actually need the warranty. In fact, what I’m about to tell you has happened to SEVERAL people.Just imagine with ...

US average mortgage rates decline; 30-year loan at 2.95%

WASHINGTON — Mortgage rates declined this week, pushing the benchmark 30-year home loan back down below the 3% mark. Signs continued of the economy’s recovery from the pandemic recession.Mortgage buyer Freddie Mac reported Thursday that the average for the 30-year rate fell to 2.95% from 3% ...

In a sizzling US market, demand and prices for homes soar

WASHINGTON — America’s housing market has grown so overheated as demand outpaces supply that prices keep hitting record highs — and roughly half of all U.S. houses are now selling above their list price.Two years ago, before the pandemic struck, just a quarter of homes were selling above ...

How to ease out of mortgage forbearance, avoid foreclosure

American homeowners were given more opportunity to hit pause on their mortgage payments because of the financial ravages of the pandemic, but that relief is slowly coming to an end.About 3 million people are behind on their mortgage, the most at any time since the Great Recession, according to ...

April US home sales fell as low inventory pushed up prices

Sales of previously occupied U.S. homes fell for the third straight month in April as the number of properties for sale hit a record low, driving prices to new highs.Existing home sales fell 2.7% last month from March to a seasonally-adjusted rate of 5.85 million annualized units, the National ...

US average mortgage rates rise; 30-year loan at 3%

WASHINGTON — Mortgage rates rose this week, pushing the benchmark 30-year home loan to the 3% mark for the first time since mid-April. Signs continued of the economy’s recovery from the pandemic recession and a burst of inflation rattled stock markets.Mortgage buyer Freddie Mac reported ...

How to plan an eco-friendly remodel without overspending

When Cliff and Karen Tyllick set out to install solar panels on their Austin, Texas, home in 2012, their goal was to reduce their carbon footprint. The fact that they also saved thousands of dollars upfront and lowered their bills was a nice bonus.Solar panel installation can cost $15,000 to ...

US mortgage rates fall for 4th week; 30-year dips to 2.94%

WASHINGTON — Mortgage rates declined this week, marking their fourth consecutive week below 3% and further evidence of the strength in the economy’s recovery from the pandemic recession.Mortgage buyer Freddie Mac reported Thursday that the average for the benchmark 30-year home-loan rate ...