Real Estate Blog

An amenity-rich home on the Bristlecone Pines golf course in Hartland is on the market for $1,695,000. See inside the luxury property, which features a pool and an indoor sports court.

After years of record-low mortgage rates, many homebuyers are frustrated by paying more than 8 percent interest to buy a new home.

“Nobody loves rates in the high 7s or 8s, but they’re not sticker shocked like they were in the beginning,” said Nicole Rueth, senior vice president of The Rueth Team powered by Movement Mortgage.

However, using mortgage strategies can reduce monthly payments and save thousands over the loan’s lifetime.

Rate buydowns
These strategies include 3-2-1 or 2-1 rate temporary buydowns on fixed-rate mortgages, permanent rate buydowns, adjustable-rate mortgages, cash purchases, and utilizing down payment assistance programs.

A 3-2-1 mortgage buydown reduces the interest rate by 3% in the first year, 2% in the second year, and 1% in the third year. After the buydown period ends, the mortgage reverts to the original rate.

A 2-1 buydown lowers the mortgage interest rate for the first two years before it rises to its regular, permanent rate.

“For most people, it w..

To qualify for the 'Missing Middle' property tax emption, potential project owners need to keep some key requirements and dates in mind. Read on to find out what's needed.

Nationally, 17% of homes under contract fell through in October, according to Redfin. That's the highest rate since the real estate platform began tracking the statistic in 2017.

Two Sacramento City Council races — and possibly a ballot measure — promise to assure that real estate-related entities will be highly interested observers, and likely players, in next year's election.

River Oak Ranch includes a 5,000-square-foot main home with a two-story window and a wet bar. The property comes with multiple barns featuring more living areas.

It will be a race to the finish in 2023 to see if there will once again be a record number of high-end homes sold in the Pittsburgh region.

Discover how Dayton became the next step in market expansion for convenience chains. Get the details in this week's cover story.

Milwaukee real estate executive Linda Gorens-Levey this month started serving as an executive-in-residence with the Marquette University Center for Real Estate, and she intends to bring more female and minority students to the program.

Downtown Cary’s rapid growth has attracted yet another new restaurant.