Financial pros say the 30% rent ‘rule’ is a useful guide, not a hard line, especially as renters juggle debt, savings and higher living costs.
The average 30-year mortgage rate rose to 6.46% from 6.38% last week, while costs on 15-year fixed-rate mortgages increased to 5.77% from 5.75%.
Today’s buyers are drawn to flexible layouts, thoughtful design and features that reflect how they actually live and use their space.
Large vehicle payments are tightening budgets, leaving less room for housing costs and making it tougher to qualify for a mortgage.
New IRS estimator reflects tax law changes and helps workers adjust withholding, potentially increasing paychecks while avoiding surprise tax bills.
In April, the spotlight turns to fair housing protections, with a reminder of illegal practices and resources available to help agents stay current and informed.
Consumers across the nation reported a slight lift in sentiment, but rising gas prices and higher inflation expectations suggest growing concern about everyday costs.
Premiums are flattening or falling as litigation drops and insurers expand, easing pressure on buyers and sellers even as new risks emerge, a new report found.
Scammers are impersonating agents and posting fake listings. Learn the red flags and how to spot fraud before it disrupts a transaction.
AI is already reshaping how agents work. Here’s why brokers need clear guardrails. NAR’s AI policy template can help you get started.
