Industry News

Housing Starts Rebound in January

Housing Starts Rebound in January

Tom Oslund

Total housing starts rose 18.6% in January to a seasonally adjusted annual rate of 1.23 million units from a downwardly revised reading in December, according to a report from the U.S. Housing and Urban Development and Commerce Department that was delayed due to the partial government shutdown.

The January reading of 1.23 million is the number of housing units builders would begin if...

millenials, home buying

Self-made millionaire: Not buying a home is the single biggest millennial mistake

Tom Oslund

While opponents of homeownership claim it's "the American nightmare," self-made millionaire David Bach is doubling down on his faith in real estate.

He thinks that not prioritizing homeownership is "the single biggest mistake millennials are making."

Buying a home is "an escalator to wealth," he tells CNBC.

Young adults in particular aren't hopping on this escalator, and...

Is It Time for You to Refinance Your Mortgage?

Tom Oslund

Interest rates have been creeping higher, but they're still pretty low when you look at their history. Meanwhile, housing prices -- which were crashing 10 years ago -- have been on a steady climb.

Refinancing could be an excellent way to lower your mortgage rate and cut your monthly payment, or tap into your home's rising value. But it's not always the right choice.

Ask yourself...