Real Estate

The original article discusses the contrasting views of Tim Walz and JD Vance on affordable housing policies. Walz signed housing legislation in 2023 that included substantial funding for down payment assistance, housing infrastructure, and workforce housing. On the other hand, Vance has highlighted the issue of affordable housing in his campaign, advocating for addressing the
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Recent data has shown that mortgage interest rates have dropped to the lowest level since May 2023, resulting in a surge in mortgage demand from both homebuyers and current homeowners. The Mortgage Bankers Association reported a 6.9% increase in total mortgage application volume last week compared to the previous week. This spike in volume marks
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During a recent political event in Atlanta, Vice President Kamala Harris declared that building up the middle class would be a significant focus during her presidency. She emphasized the essential role of a strong middle class in ensuring the overall strength of the nation. Harris highlighted the importance of providing relief to families facing the
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Living in a major city in Asia can be quite expensive, especially when it comes to monthly rent. According to data from Numbeo, the cost of renting an apartment in Shanghai’s city-center can reach approximately $2,700. This high cost of housing is just one aspect of the overall expensive lifestyle in major Asian cities. Hong
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As of last week, mortgage interest rates saw a slight decrease, with the average contract rate for 30-year fixed-rate mortgages dropping to 6.82%. Despite this decrease, potential homebuyers are still hesitant to make a move, as purchase applications dropped by 4% compared to the previous week. The Mortgage Bankers Association reported that purchase demand is
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The National Association of Realtors reported a 5.4% drop in sales of previously owned homes in June compared to May, with 3.89 million units sold on a seasonally adjusted, annualized basis. This represents a 5.4% decrease from the same period last year, marking the slowest sales pace since December. These closed sales are reflective of
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