Will borrowers see lower rates? What the Fed's interest rate cut means for you
The Federal Reserve slashed interest rates a quarter of a percentage point this week, delivering its third rate cut since September. The policy brightened hopes among borrowers eager for lower payments. Relief will vary significantly across different categories of loans, however, some experts said. The Fed's actions will have little or no impact on long-term borrowing such as home loans or car payments, they said, while short-term loans like credit cards could see a noticeable, albeit incremental rate reduction.
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Homeowners are losing thousands in equity thanks to weakening prices
Home values have been losing ground for much of this year, with previously huge annual gains shrinking to nothing. The result is that homeowners are losing equity. Borrower equity fell 2.1% in the third quarter of this year compared with the same period a year ago, or a collective $373.8 billion, according to a report from Cotality.
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Commercial real estate deal volume drops for the first time in nearly two years
The recovery in commercial real estate has been slow and bumpy, much like interest rate policy over the past few years. The two, of course, are deeply connected. After gaining significant momentum coming out of the pandemic, this year has been rough. October was the first month of negative year-over-year transaction volume growth since the post-Fed rate hike recovery began in early 2024, according to monthly data provided by Moody's as a media exclusive to CNBC's Property Play.
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Home prices are poised to dip in 22 U.S. cities next year, a new analysis says. See where.
It's still a tough time to get a foothold in the housing market, with homes sitting near record values and mortgage rates parked well above 6%. But the tide could turn in 2026, with property prices forecast to dip in 22 of the largest 100 U.S. cities and mortgage rates expected to ease slightly, according to a new analysis from Realtor.com. The real estate market is expected to move in a more "buyer-friendly" direction next year, leading to the "most balanced housing market" since the pandemic, meaning that neither sellers nor buyers are likely to have the upper hand in negotiations, said Jake Krimmel, a senior economist at Realtor.com.
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Judge orders demolition of nearly $2.2 million duplex after builder violated HOA rules, says 'harm... self-inflicted'
A tumultuous monthslong legal fight has been underway between a local builder and a homeowners association on the banks of the Geist Reservoir. Right before Thanksgiving, a Hamilton County judge sided with the WatersEdge Owners' Association and ordered MHM Investment Group to demolish a multimillion-dollar waterfront duplex.
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