The potent mix of challenges facing buyers has slowed the housing market, but millions of homes are still changing hands this year. Some buyers are finding they prefer to hunt now than deal with the bidding wars and blind buys that defined last year’s crazy market. It only took a few weeks in September for … Read more
Less than a month after Hurricane Ian caused widespread destruction in Southwest Florida, investors and other buyers are looking for home deals in a region where home prices have risen in recent years. Demand remains strong from both locals and out-of-state residents, according to real estate agents in Naples, Fla., and other areas near the … Read more
This week, The Wall Street Journal’s Mansion section is rolling out stories from our ski and mountain homes issue. Check out stories this one about Whistler becoming a year-round destination, how log cabins have changed since the days of Abraham Lincoln and more. Mary Bourke and Michael Margolis weren’t even thinking of buying a ski … Read more
Florida residents who suffered financial losses from Hurricane Ian may be able to tap into their retirement accounts to cover emergency expenses, a last resort that many victims of natural disasters use. Although 401(k) plans are set up to keep Americans’ nest eggs out of reach until retirement age, the Internal Revenue Service allows savers … Read more
The Federal Reserve cannot see the likely economic crash coming because it is still looking in the rearview mirror where it sees nothing but high inflation. The danger arises because the Consumer Price Index and the Personal Consumption Price Index — the two main gauges of inflation — have a fatal flaw in the way … Read more
Do you need a financial advisor if you feel overwhelmed with money? Getty Images/iStockphoto Questions: I am a 26 year old pharmacist making approximately $100,000 a year – take home pay is approximately $5600 a month – living in St. Louis. I contribute 4% to my employer’s 401l(k), which is the maximum match. I currently … Read more
Homeowners with low mortgage rates are upset at the prospect of selling their homes to borrow at much higher interest rates for their next homes, a development that could limit the supply of houses for sale in the coming years. Home stock has risen from record lows earlier this year as more homes stay on … Read more
After Mark and Melissa Reichert moved from California to Dallas, the couple put their suburban Los Angeles home up for sale this summer. But even after they cut the asking price by $10,000, there was hardly any interest. Instead, they decided to rent out the house. Their monthly payment now covers their cost of ownership. … Read more
Supply-restricting regulations on real estate are to blame, but policy makers prefer to scapegoat ‘outsiders’.
Declining home sales ripple through the economy and provide a window into how rising interest rates can cool spending, hiring and growth. When people buy new homes, they typically buy a lot to move in, including furniture, curtains, lighting fixtures and appliances. Such spending has slowed or fallen this year as many homebuyers moved to … Read more