RE Q&A: Who Keeps a Co-Owned Property?

RE Q&A: Who Keeps a Co-Owned Property?

By Gary M. Singer To ensure a family member keeps a co-owned vacation home, consider joint tenancy with right of survivorship and create a co-ownership agreement. FORT LAUDERDALE, Fla. — Question: I am buying a vacation home with one of my children, and we will take...
Owners See Their Homes as Self-Expression

Owners See Their Homes as Self-Expression

By Michael Dinich Four in five U.S. homeowners see their home as part of themselves, with millennials most likely to prioritize style and outdoor space, a new survey finds. NEW YORK — Four in five homeowners see their home as an extension of themselves, according to...
Mortgage Rates Inch Up

Mortgage Rates Inch Up

By Alex Veiga 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%. WASHINGTON — The average rate on a 30-year mortgage in the U.S. climbed to its highest level in eight weeks, a...
Guide Helps Buyers Navigate Land, Home Building

Guide Helps Buyers Navigate Land, Home Building

By Amy Connolly NAR’s latest guide helps buyers navigate land purchases, construction loans and building a custom home, providing valuable insights and tools for informed decisions. ORLANDO, Fla. — Homebuyers looking to customize their space and incorporate...
Housing Starts Decline Amid Economic Uncertainty

Housing Starts Decline Amid Economic Uncertainty

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. WASHINGTON — Constrained housing affordability conditions due to elevated interest rates, rising construction costs...