Sales of previously owned homes dropped 4.3% in March compared with February, to a seasonally adjusted annualized rate of 4.19 million units, according to the National Association of Realtors. Sales were 3.7% lower than in March 2023.…
Jannese Torres is the founder of the blog Delish D'Lites and the podcast "Yo Quiero Dinero."Photo Jannese TorresIn her upcoming book, "Financially Lit!: The Modern Latina's Guide to Level Up Your Dinero & Become Financially…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We're no longer recording the audio, so we can get this new…
Homes in Rocklin, California, on Tuesday, Dec. 6, 2022.David Paul Morris | Bloomberg | Getty ImagesThe average rate on the popular 30-year fixed mortgage crossed over 7% on April 1, according to Mortgage News Daily, and it just kept…
The Federal Reserve announced Wednesday it will leave interest rates unchanged, delaying the possibility of rate cuts as well as any relief from sky-high borrowing costs.Overall, expectations that the Fed is pulling off a soft landing…
Regional bank earnings may expose critical weaknesses, according to Sheila Bair, former chair of the U.S. Federal Deposit Insurance Corp.Their quarterly numbers begin hitting Wall Street this week."I'm worried about a handful of them,"…
Hinterhaus Productions | Digitalvision | Getty ImagesSavings accountsHigher rates mean that consumers have to pay more to service their debt, but it also means that banks pay higher rewards to savers. It's one of the silver linings to…
Hinterhaus Productions | Digitalvision | Getty ImagesSavings accountsHigher rates mean that consumers have to pay more to service their debt, but it also means that banks pay higher rewards to savers. It's one of the silver linings to…
Jon Lovette | Stone | Getty ImagesThere is a record number of areas in the U.S. where the "typical" home is worth $1 million or more.In February, the country had 550 "million-dollar" cities, or areas where the "typical" home value is $1…
Comstock Images | Stockbyte | Getty ImagesIt's not unusual for new homeowners to face financial surprises, but people buying a newly built home may be more likely to encounter sticker shock on a key expense.Almost 75% of recent…