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

Mortgages & Rates

The average new home loan hit a record $467,300 — and 3.8% inflation guarantees mortgage rates won’t drop to help

A buyer closing on a home today is borrowing more money than at any point in American history. The average new purchase mortgage reached $467,300...

Mortgages & Rates

The 30-year mortgage dipped to 6.19% today — but 3.8% inflation just crushed any remaining chance of a rate cut this year

For roughly 24 hours in mid-May 2026, homebuyers caught a break. The average 30-year fixed mortgage rate slipped to 6.19%, its lowest level in months,...

Market Trends

Builders slashed new home prices 6.2% in a single year — the median dropped to $387,400, the lowest since 2021 — because 481,000 unsold homes are sitting on the market

The sticker price on a brand-new American home now starts with a three for the first time in five years. In March 2026, the median...

Mortgages & Rates

The 30-year mortgage averaged 6.37% last week — up from 6.02% in April — and the spring rate dip that buyers were counting on is gone

The numbers were finally cooperating. During the week of April 17, 2026, the 30-year fixed mortgage rate fell to 6.02%, its lowest point of the...

Market Trends

New home prices just dropped to $387,400 — the lowest since July 2021 — because builders are slashing prices faster than rates are climbing

A year ago, a buyer shopping for a brand-new house in the United States would have faced a median price tag north of $400,000 and...

Mortgages & Rates

Four straight weeks of mortgage rate increases wiped out the spring dip — the 30-year is back to 6.37%, and the average new home loan hit a record $467,300

A month ago, a buyer financing $467,300 over 30 years could lock in a rate near 6.16%. That window is closed. The 30-year fixed mortgage...

Mortgages & Rates

The number of “equity-rich” homeowners just dropped to the lowest level since 2021 — and HELOC delinquencies are climbing at the same time

For the first time in four years, fewer than half of mortgaged U.S. homes qualify as “equity-rich,” meaning the owner owes less than 50% of...

Mortgages & Rates

Mortgage rates climbed back to 6.37% — the spring dip to 6.02% is completely gone — and the average new purchase loan just hit a record $467,300

That brief stretch this spring when mortgage rates dipped below 6.1% and buyers started feeling a flicker of optimism? It is over. The average 30-year...

Mortgages & Rates

Mortgage rates climbed back to 6.37% this week — the fourth consecutive increase — as the Iran war keeps pushing Treasury yields higher

Homebuyers hoping for a break on borrowing costs this spring are not getting one. The average 30-year fixed mortgage rate climbed to 6.37% for the...

Market Trends

Home prices dropped in 28 of America’s 53 largest metros — and 7 of the 10 fastest-falling markets are in Florida

Cape Coral. North Port. Tampa. Palm Bay. Lakeland. Deltona. Jacksonville. Seven Florida metropolitan areas now rank among the ten fastest-falling housing markets in the country,...

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...

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