Latest News
Stay up to date with the newest housing market insights, tips, and guides.
- Fake IRS Form 1098-SR Property Tax Scam Targets California Seniors and Homeowners
Los Angeles County officials warn homeowners about a fraudulent scheme promoting a nonexistent IRS form that falsely claims to freeze or reduce property taxes, spreading through social media and phone calls. - Hawaii homeowners face September 30 deadline for property tax relief in two counties
Honolulu and Kauai County homeowners have until September 30 to file for property tax exemptions worth up to $260,000, while Hawaii and Maui counties offer more time. - Mortgage rates cross 7% as Treasury yields surge and Iran conflict drags onThe average 30-year fixed mortgage rate hit 7.07% yesterday, the highest since May 2025, driven by rising oil prices and inflation fears linked to the ongoing Iran conflict.
- Mortgage rates cross 7% as housing market faces mounting pressureThe 30-year fixed mortgage rate reached 7.07% this week, the highest level in 16 months, as rising Treasury yields and inflation concerns push borrowing costs above the critical 7% threshold for the first time since May 2025.
- August inflation holds at 3.4% as sticky service costs keep pressure on mortgage rates
Core inflation came in hotter than expected at 0.3% for the month, driven by persistent services and shelter costs, raising the odds of a Fed rate hike next week and pushing mortgage rates above 6.9%. - Existing Home Sales Fall Below 4 Million as Inventory Hits 10-Year HighSales dropped to 3.98 million in August, the slowest pace since June 2025, while housing supply climbed to 4.9 months—the highest level in more than a decade—giving buyers new leverage to negotiate.
- August inflation holds at 3.4% as sticky shelter costs threaten mortgage rate reliefCore inflation came in hotter than expected ahead of next week’s Federal Reserve meeting, with shelter costs accelerating and pushing odds of a rate hike above 50%.
- Mortgage Rates Jump to 3-Week Highs After Fed Chair Warsh’s Jackson Hole SpeechBorrowing costs climbed yesterday after Federal Reserve Chairman Kevin Warsh warned that inflation remains too high, signaling interest rates could stay elevated longer than markets hoped.
- Fed Chair Warsh’s Jackson Hole Speech Triggers Rate-Hike Fears and Mortgage Rate JittersFederal Reserve Chairman Kevin Warsh signaled inflation remains too high in his Jackson Hole speech yesterday, sending bond markets into a tailspin and raising the odds of a September rate hike above 50%.
