Mortgage Rates Won’t Fall Below 6% Anytime Soon, Top Economist Says in Grim Forecast
Mortgage rates could remain stuck above 6% for the next several years, according to newly released projections from the economists at the Mortgage Bankers Association. MBA Chief Economist Mike Fratantoni presented the forecast at the group's annual conference in Las Vegas on Sunday, projecting that
From 500 to 850: Here’s How Your Credit Score Shapes Your Mortgage Options
A FICO credit score, short for Fair Isaac Corporation, plays an important part in buying a home. How high or low your score is will determine what kind of loan you qualify for. FICO scores range from 300 to 850. A higher score shows a person is at a lower credit risk, which is good. Lenders look at
AI Is Powering a Desert Construction Boom—and Investors Are Snapping Up Thousands of Acres
A construction boom is taking off in Arizona with thousands of acres of land being snapped up by investors ready to take on technology and AI. "Typically, 100 acres is the minimum for us. We've been looking at doing large scale data centers," Anita Verma-Lallian, CEO of Arizona Land Consulting, tell
The Great Wealth Transfer: How Millennials Are Reimagining Property for Purpose
The generation gap is opening up a shift in wealth. Over the next two decades, $124 trillion will change hands from baby boomers to millennials, Gen Z, and even Gen X, according to Cerulli Associates. And for some millennials—a generation raised on climate anxiety, economic instability, and a search
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