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Newly Built Home Prices Hit a 5-Year Low

If you’ve always assumed a newly built home is just not in your budget, you should know the math just got a little friendlier. The median sale price of a newly built home is now at its lowest level since 2021, according to the latest data fr...

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NYC J-51 Reboot Falls Flat for Rent-regulated Owners

This story gives you a peek at the content coming to our new platform, TRD Policy Pro. Sign up to get early access here.Hey there, let’s get into today’s news at the intersection of policy and real estate: A J-51 one reboot made it into the...

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What Is Private Mortgage Insurance (PMI)?

Key Takeaways: PMI is required on conventional loans with less than 20% down. It adds to your monthly costs but can be removed once you reach 20% equity. You can avoid PMI with a larger down payment, VA loan, or piggyback loan. If youâ€...

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Low ARM rates fuel unacceptable mortgage risks

Why this matters: A decade of rising fixed rate mortgage (FRM) rates with no present sign of meaningful decline has reduced the amount of mortgage funding attainable by homebuyers. For tenants intent on homeownership, it became paramount to con...

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New Jersey First-Time Home Buyer

Key Takeaways New Jersey offers many programs that can lower your upfront costs and make buying more accessible, especially for first-time buyers. Most assistance programs require education, income limits and buying a primary residence. ...

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When Cash is King, Albany Wants a Cut

We are excited to announce that Jonathan Miller, who has long authored the most authoritative report on the residential real estate market, is partnering with The Real Deal. Below, you’ll find his Housing Notes column, which will now run on o...

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