A new study looking at homebuyers earning at least $999,000 per year, and as a share of all buyers in a given market, finds where the highest earners are shopping for homes.
Falling interest rates are helping more homeowners refinance their mortgages. The average rate for a 30-year fixed mortgage is now hovering around 4 percent.
In February, new-home sales increased 4.9 percent over the previous month to a seasonally adjusted annual 667,000 pace, according to the latest data from the Department of Commerce
A recent study found that about 71 percent of U.S. housing markets are unaffordable for the average American. A new study finds the most and least affordable markets in the nation.
The average 30-year fixed rate for a mortgage dropped to 4.06 percent this week, down 22 basis points from last week and 34 basis points annually, according to Freddie Mac.