One in three Americans is worried that rising monthly payments, especially for property taxes and energy costs, will force them to sell their home and buy a less expensive one, according to the fourth annual National Housing Opportunity Pulse survey sponsored by the National Association of Realtors.By a 2-to-1 margin, the survey also found that high monthly payments, rather than high downpayments, are the greatest obstacle to buying a home. Rising property taxes were cited by 34% of those surveyed as their leading concern, compared with 28% who cited energy costs and only 14% who cited rising mortgage rates, the NAR reported. "It's clear America is facing a crisis in housing opportunities, with nearly two-thirds of families concerned about being able to find a home they both like and can afford," said NAR president Thomas M. Stevens. "Many families are struggling to meet the high cost of homeownership, and increasingly those costs are property taxes and energy utilities." The NAR can be found online at http://www.realtor.org.
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
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A labor shortage is costing the market tens of thousands of new homes per year, and tariff uncertainty is adding thousands of dollars in expenses per unit.
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The pace of revenue growth slowed toward the end of 2024, with the trend continuing into the first three months of this year, NAHB reported.
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Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
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The 10 basis point decline in the 30-year fixed mortgage was the most since March and the first time rates are below 6.7% since April, Freddie Mac said.
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The firm, now going by Fairway Home Mortgage, said the change is a representation of plans to create a "connected ecosystem."
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