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For Homeowners With Adjustable-Rate Mortgages, the Clock Is Ticking: Here’s What To Do

For Homeowners With Adjustable-Rate Mortgages, the Clock Is Ticking: Here’s What To Do

Today’s high interest rates have created a ticking time bomb for the many homebuyers who took out an adjustable-rate mortgage near the onset of the COVID-19 pandemic. About 330,000 homeowners who got an ARM in 2019 have already seen their five-year fixed-rate term end, and 100,000 more will join them in the next year, accordingRead …

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Finally! 11 cities where home prices are falling — the steepest drop will shock you

Finally! 11 cities where home prices are falling — the steepest drop will shock you

Mortgage rates might remain stubbornly high, but home prices seem to be leveling off—and are already falling in certain cities. Home prices reached a median of $442,500 in May, according to a Realtor.com® report. That price is “relatively stable compared to the same time last year, when it was $441,000,” notes Realtor.com Chief Economist DanielleRead …

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‘Rare Bird’: $22M Contemporary Modernist Retreat Wows in Woodside, CA

‘Rare Bird’: $22M Contemporary Modernist Retreat Wows in Woodside, CA

A striking modernist retreat , designed by Howard J. Backen to embrace its natural setting, recently hit the market in Woodside, CA , for $22 million. “It is very difficult to find a truly contemporary modernist home in Woodside,” says listing agent Michael Dreyfus, of The Dreyfus Group. “The ethos is toward ranchy barns, soRead …

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Home prices are rising fast in these 10 cities — with some surprises leading the pack

Home prices are rising fast in these 10 cities — with some surprises leading the pack

In today’s high interest rate market, home prices have largely leveled off nationwide—but not everywhere. In certain places, prices are still on an alarming upswing. Home prices reached a median of $442,500 in May, according to Realtor.com® data—that’s up just slightly from $441,000 a year earlier. “The median price of homes for sale remained relativelyRead …

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