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The Money Overview

Real Estate

Housing market coverage, home buying and selling, mortgages, rentals, and property investment. From market trends to the practical decisions involved in owning or renting.

Latest in Real Estate

Market Trends

Michael Burry says the AI market “feels like the last months of the 1999-2000 bubble” — the top 10 Nasdaq stocks gained 784% in 12 months

Michael Burry built his reputation on a single, spectacular bet: shorting the U.S. housing market before the 2008 collapse, a trade that earned his small...

Market Trends

Florida home prices dropped 5.1% this year — the worst-hit city, Cape Coral, fell 9% as insurance costs and a flood of inventory crushed the Sun Belt boom

In May 2026, a three-bedroom stucco house on a canal in Cape Coral, Florida, listed at $380,000, sits unsold after weeks on the market. A...

Mortgages & Rates

The 30-year mortgage climbed back to 6.37% — erasing the spring dip as Iran war inflation pushes bond yields higher

The spring discount is already over. The average rate on a 30-year fixed mortgage climbed to 6.37% for the week ending May 22, 2026, up...

Market Trends

Home prices dropped in 39 of the 129 largest U.S. cities this year — and 4 of the 10 fastest-falling markets are in Florida

Three years ago, Cape Coral, Florida, was the kind of market where houses sold before the sign hit the yard. Buyers from New York, New...

Mortgages & Rates

Mortgage rates climbed back to 6.50% as Iran war inflation erased the spring dip — and the 30-year hasn’t been below 6% since 2024

The spring buying season offered about three good weeks. In mid-April, mortgage rates drifted low enough that real estate agents reported a bump in showing...

Market Trends

Florida home prices dropped 9% in Cape Coral — while Rust Belt cities barely have enough houses to sell

A three-bedroom ranch in Cape Coral, Florida, that would have drawn a dozen offers over a single weekend in 2022 now sits on the market...

Mortgages & Rates

Mortgage rates held at 6.20% this week — half a point lower than last May — but Iran-driven inflation could push them higher before summer ends

Mortgage rates held at 6.20% this week — half a point lower than last May — but Iran-driven inflation could push them higher before summer...

Market Trends

44% of used EVs sold for under $25,000 in March — making a secondhand electric cheaper than the average used gas car for the first time

A used Chevy Bolt EUV for $18,500. A three-year-old Nissan Leaf for $14,900. A 2022 Tesla Model 3 listed just under $25,000. Prices like these...

Mortgages & Rates

Mortgage rates settled at 6.20% this weekend after a spring dip to 6.02% — oil-driven inflation is the reason they won’t fall further

Mortgage rates settled at 6.20% this weekend after a spring dip to 6.02% — oil-driven inflation is the reason they won’t fall further. The brief...

Market Trends

Florida home prices are down 5.1% and Texas is down 2.4% — while Rust Belt cities are surging in the weirdest housing market split in a generation

Two years ago, a three-bedroom ranch in Tampa’s Seminole Heights neighborhood might have drawn a dozen offers and sold above $400,000. Today, similar homes in...

Mortgages & Rates

30-year mortgage rates climbed to 6.20% this week — up 11 basis points — as Iran-driven inflation fears erase the spring rate dip

The spring discount on mortgage rates is gone. Borrowers shopping for a 30-year fixed-rate loan this week face a rate of 6.20%, according to the...

Market Trends

The Buffett Indicator just hit 217% of GDP — higher than the dot-com peak of 150% — and Warren Buffett has said anything above 90% is overheated

Warren Buffett spent the better part of two years doing something that made Wall Street uncomfortable: selling. By the end of the first quarter of...

Mortgages & Rates

The 30-year mortgage just climbed back to 6.46% — erasing most of the spring rate dip as Iran war inflation pushes bond yields higher

The spring rate dip that coaxed cautious homebuyers off the sidelines is effectively gone. According to the latest Freddie Mac Primary Mortgage Market Survey, the...

Mortgages & Rates

Freddie Mac’s Q1 net income jumped 27% to $3.6B as purchase mortgage applications rose 20% year-over-year

Freddie Mac earned $3.6 billion in the first quarter of 2026, a 27% increase over the $2.8 billion it posted a year earlier, as a...

Mortgages & Rates

Mortgage rates jumped back to 6.30% this week, snapping a 3-week decline — and oil prices are the reason

The three-week streak of falling mortgage rates is over. The average rate on a 30-year fixed mortgage climbed to 6.30% for the week ending May...

Mortgages & Rates

U.S. housing market braces for another slow summer as rates stay high

For the third straight year, the summer homebuying season is arriving with a familiar problem: the numbers do not work for millions of Americans. The...

Real Estate

New plans show Crossroads high-rise apartments and luxury hotel in KC

The corner of 16th Street and Broadway Boulevard in Kansas City’s Crossroads Arts District is, for now, an unremarkable stretch of surface lots and low-slung...

Buying & Selling

Re/Max agrees to be sold to The Real Brokerage in a $550M deal

RE/MAX Holdings (NYSE: RMAX), the Denver-founded brokerage whose red, white, and blue hot-air balloon has been a fixture of American real estate since 1973, has...

Buying & Selling

Report: Peter Thiel buys $12M Buenos Aires mansion as Argentina draws buyers

Peter Thiel has reportedly spent roughly $12 million on a mansion in the Buenos Aires province, a purchase that would make the PayPal co-founder one...

Market Trends

Iran war accelerates clean-energy buying, boosting China’s exporters

Iran war accelerates clean-energy buying, boosting China’s exporters In early March 2026, as naval skirmishes near the Strait of Hormuz sent tanker insurance premiums to...