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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

Renting & Leasing

New fair-market rents take effect October 1, resetting how much a voucher covers

HUD’s new fair market rents for fiscal year 2027 take effect October 1, 2026, resetting the rent figures used to determine how much a Housing...

Mortgages & Rates

Fannie Mae and Freddie Mac opened VantageScore 4.0 to every approved lender September 9, while FICO 10T stays ineligible

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Market Trends

HUD keeps a second, lower set of rent numbers, and tells housing agencies how to ask for them

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Mortgages & Rates

The 30-year mortgage rate climbed to 6.76 percent, a 14-month high

The average rate on a 30-year fixed mortgage climbed to 6.76 percent this week, the highest level Freddie Mac’s benchmark survey has recorded in more...

Renting & Leasing

HUD rebuilt the utility half of its 2027 voucher rents after a price index disappeared

The formula that will set 2027 Housing Choice Voucher rent ceilings is locked in, even though local dollar figures can still shift. HUD published the...

Mortgages & Rates

A non-borrowing spouse can keep the home after a reverse-mortgage borrower dies

A reverse mortgage loan normally comes due the moment the last borrower on it dies, which can force a sale of the home within months....

Market Trends

The 30-year mortgage rate climbed to 6.71%, its highest in over a year, and it is inching toward 7%

The average rate on a 30-year fixed mortgage climbed to 6.71% for the week ending September 3, its highest level in more than a year...

Renting & Leasing

New federal rents take effect October 1, resetting the limits on Section 8 housing vouchers

New Fair Market Rents from the U.S. Department of Housing and Urban Development take effect October 1, 2026, resetting the payment standards that cap how...

Mortgages & Rates

The reverse-mortgage borrowing limit rose to about $1.25 million, and only citizens and green-card holders qualify

The most a homeowner can borrow through a federally insured reverse mortgage climbed to $1,249,125 for 2026, up $39,375 from 2025’s $1,209,750, under a schedule...

Market Trends

The typical existing home sold for about $434,100 in July, a 37th straight month of gains

The median price of an existing home sold in July was $434,100, the National Association of Realtors reported, up 2.0% from $425,700 a year earlier...

Buying & Selling

Almost anyone who bought a home through a real-estate agent can still claim part of a $120 million commission settlement, but the window closes October 27

A settlement worth $120.3 million is now open to almost anyone who bought a home listed on a multiple listing service anywhere in the United...

Renting & Leasing

Renters can claim part of a $359 million RealPage rent-software settlement before January 29

A federal court in Nashville has cleared the way for renters nationwide to collect a share of $359,925,000 in cash from RealPage, Inc. and roughly...

Market Trends

Home sellers are cutting prices at the fastest pace of 2026 as demand cools and rates near a one-year high

Home sellers cut asking prices on 20.4% of active listings in August, according to Realtor.com’s latest housing report, the highest monthly share so far in...

Mortgages & Rates

Recasting a mortgage lowers the monthly payment without a full refinance

A homeowner sitting on a lump sum of cash and a mortgage payment they’d like smaller doesn’t have to choose between refinancing, with its new...

Mortgages & Rates

Homeowners can drop private mortgage insurance once their equity reaches 20%

Private mortgage insurance is one of the few recurring costs on a mortgage statement with a built-in expiration date, and federal law gives homeowners two...

Market Trends

A homestead exemption shields part of a home’s value from creditors and can cut property tax

The phrase “homestead exemption” quietly covers two separate legal protections that happen to share a name and a common purpose: keeping more of a primary...

Market Trends

A lady bird deed keeps a home out of probate while the owner keeps full control

A homeowner who wants a house to pass to an heir without a court proceeding, but doesn’t want to give up any say over that...

Mortgages & Rates

Mortgage rates are pushing toward 7% after a Fed official floated a rate hike

Mortgage rates edged higher this week after Federal Reserve Governor Michael Barr said the central bank “should act decisively to raise” short-term interest rates unless...

Market Trends

Home asking prices fell about 2.5% from a year ago, the steepest annual drop since 2017

The typical home listed for sale in July carried an asking price about 2.4% below where it stood a year earlier, according to Realtor.com’s national...

Mortgages & Rates

Mortgage rates near 6.7% are keeping homeowners locked into older, cheaper loans

The average rate on a 30-year fixed mortgage held at 6.66% for the week ending Aug. 27, according to Freddie Mac’s weekly Primary Mortgage Market...

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