The Bank of England recently dropped interest rates from 4.5% to 4.25%, perhaps signalling a brighter future for homebuyers across the UK. This rate cut could be the lifeline needed to rejuvenate the housing market, improving mortgage affordability and potentially stabilising property prices in struggling regions. Why Interest Rate Cuts Matter for Mortgage Rates Mortgage … Read more
According to the National Association of Realtors, first-time homebuyers made of just 24% of recent transactions: That’s the lowest on record since the NAR has been collecting this data since 1981. Nearly three-quarters of recent buyers did not have a child under the age of 18 in their home, the highest share on record. It’s … Read more
Brown, Goldstein & Levy is proud to celebrate 57 years of the Fair Housing Act and celebrate Fair Housing Month this April. Our passionate team of attorneys challenges all types of housing discrimination, fighting for clients who face discrimination in housing because of race, disability, religion, sexual orientation, gender identity, familial status, and socioeconomic status. … Read more
The UK housing market experienced a chilly February 2025, with buyer demand slipping to its lowest levels since November 2023. According to recent insights from the Royal Institution of Chartered Surveyors (Rics), around 14% of property professionals noticed this decline, signalling caution among buyers facing economic uncertainty. Buyer Confidence Shaken by Interest Rates and Global … Read more
A reader asks: I own 76 single-family houses, the property management company running those and a small real estate brokerage. I love real estate. But how is this sustainable? Are wages increasing enough to maintain the increase in housing prices? If not, how are people going to ever afford buying a house? What will cause … Read more