People are forking out record $2,800 a month on average just to cover their mortgage payments

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US dollars
It's getting more expensive to own a home.

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I bought a duplex as my first home. I still have a mortgage, but I only pay around $900 a month and have no regrets.

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A woman taking a selfie on the left, and a duplex on the right.
Raroha and her duplex in New Jersey.

Courtesy of Dominique Raroha.

Mortgage rates spike above 7% for the first time this year as the market adjusts to delayed Fed cuts

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Homebuyers signing a mortgage.
Homebuyers signing a mortgage.

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I'm a lifelong Jersey girl choosing to retire in South Carolina. It's where my adult daughter is planning to live — and it's cheaper.

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Two people walking down the street in front of a Charleston, South Carolina, home.
Charleston, South Carolina.

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Why the Fed needs to cut interest rates to lower inflation, according to a JPMorgan strategist

Tech Insider : Economy, Economy
US Federal Reserve Chair Jerome Powell
US Federal Reserve Chair Jerome Powell attends a press conference in Washington, DC, on March 22, 2023.

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Landlords have a secret weapon in the war over high rents

Tech Insider : Economy
How landlords use algorithms to jack up your rent.
Big-time apartment owners have a secret weapon: a software that helps property managers to help them set rents and juice their profits

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Home prices are poised to jump another 5% this year as the market is even tighter than it was in 2023, economist says

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House with American flag and 'for sale' sign, low angle view - stock photo
House with American flag and 'for sale' sign, low angle view - stock photo

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I was a renter. Then I bought my house from my landlord for $210,000.

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A man and his daughter posing for a picture on a bench in the woods.
Dom Guerra was renting a two-bedroom home in Ohio until it bought it himself.

Courtesy of Dom Guerra.

The housing shortage is getting no help from aging baby boomers

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Children running to greet grandparents
Visiting older family members once a month could help them live longer.

Getty/MoMo Productions

A record 550 cities now have average home values above $1 million

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housing market

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