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

Why More Buyers Are Turning To Adjustable-Rate Mortgages Today

When mortgage rates climb, buying a home can start to feel like trying to hit a moving target. Every jump in rates makes monthly payments bigger, and that pushes a lot of buyers to look for another way in.