Major Builders Lean Into Concessions and Rate Buydowns as Home Sales Slip
Major homebuilders are seeing decreasing sales and margins amid buyer uncertainty, but continue to utilize concessions and mortgage rate buydowns to bring in sales. In earning reports this week, PulteGroup, M/I Homes, and NVR, Inc. each shared similar results with shrinking year-over-year numbers. F
Mortgage Calculator: Here’s How Much You Need To Buy a $430K Home at a 7.32% Rate
Mortgage rates fell for the first time in two months this week as investors sought safety in government bonds, spurred by cooling stock and tech markets and a sharp pullback in new-housing starts fueling inflation fears. The average rate on 30-year fixed home loans decreased to 7.32% for the week en
EXCLUSIVE: Nick and Vanessa Lachey Slash Half a Million Dollars Off Tarzana Home’s Price Ahead of California Exit
TV stars Nick and Vanessa Lachey have trimmed $500,000 off the asking price of their longtime "dream home," as they prepare to bid farewell to California. The couple first listed the home in September for $8.1 million. Now, just one month later, they have reduced that price to $7.6 million. Their de
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