Generational Wealth Shift to Shape Housing

Generational Wealth Shift to Shape Housing

An $84T–$124T wealth transfer from boomers to millennials could reshape cities as younger owners favor sustainability, walkability and mixed-use design. NEW YORK — An estimated $84 trillion to $124 trillion in wealth will shift from baby boomers to millennials...
Mortgage Rates Ease to Yearly Low

Mortgage Rates Ease to Yearly Low

By Alex Veiga Rates on 30-year mortgages slipped to 6.3% from 6.34% last week, while rates on 15-year mortgages dropped to 5.53% from 5.55% last week. WASHINGTON — The average rate on a 30-year U.S. mortgage edged lower this week, returning to its lowest level in...
Most Fed Officials Supported Rate Cuts

Most Fed Officials Supported Rate Cuts

By Christopher Rugaber Fed minutes show most officials backed a September rate cut, noting rising unemployment risks and easing inflation, a move that could gradually lower mortgage rates. WASHINGTON — Most members of the Federal Reserve’s interest-rate setting...
Most Americans Use AI for Housing Market Info

Most Americans Use AI for Housing Market Info

A new survey found 82% of Americans use AI like ChatGPT and Gemini for housing insights, but agents remain the most trusted information source. AUSTIN, Texas — The majority of Americans are embracing new tools to navigate the housing market, with 82% using AI for real...
American Ranch House Makes a Comeback

American Ranch House Makes a Comeback

Ranch homes are rising in popularity, up 44.7% in six years, as buyers seek single-level layouts, modern updates and enduring resale value. NEW YORK — Once dismissed as uninspired “boxes made of ticky-tacky,” the post-World War II ranch home is...
Citizens Allows Flood Document Deferrals

Citizens Allows Flood Document Deferrals

By Amy Connolly Citizens is allowing policyholders to defer flood insurance paperwork after the federal shutdown paused the National Flood Insurance Program. TALLAHASSEE, Fla. — Citizens Property Insurance Corp. will temporarily allow new and renewing policyholders to...