The 28/36 rule helps buyers gauge affordability: spend no more than 28% of income on housing and 36% on total debt, though some lenders may allow more.
March housing starts fell 11.4% to a 1.32M pace amid higher rates and costs, while permits rose 1.6%, suggesting continued interest in future building.
In early 2025, luxury homes saw stable demand, making up 7.5% of sales, up from 5% in February 2023. Listings under $1M took 64 days to sell and over $1M took 75 days.
NAR's latest guide helps buyers navigate land purchases, construction loans and building a custom home, providing valuable insights and tools for informed decisions.
Experts forecast home prices to rise 3.4% in 2025 and 3.3% in 2026, down from earlier projections, according to Fannie Mae’s Q1 2025 survey.
The average rate on a 30-year mortgage rose to 6.83% from 6.62% last week, while rates on 15-year mortgages increased to 6.03% from 5.82%.
Workers earning income through digital platforms can qualify for mortgages if they have steady income, good credit, savings and solid documentation.
Homemade pesticides may seem natural and cheap, but they can be ineffective and risky to health, plants, pets and the environment.
The spring housing season is heating up with strong buyer interest, but limited listings and climbing prices making the market competitive, NAHB said.
Nearly half of small business owners don’t realize they have a business credit score — yet it can influence loans, insurance and growth.
