US homebuyers taking advantage of rare dip in housing costs

Published

2 years ago

March 23, 2023

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close video Buyers taking advantage as home prices take rare dip

The year-over-year housing prices in the U.S. decreased in February for the first time in more than a decade. Realtors say buyers should strike quickly while prices are lower.

For the first time in a long time, it’s cheaper to buy a house right now than at the same time last year.

Buyers are taking advantage, as home sales increased across the country last month.

Brittany Baughman sells houses around Seattle with "Four Elements Realty and Co." She says her sales have been going up.

"When I’m working with buyers, I have been competing against other offers again," Baughman said. "And offers are getting aggressive again."

The year-over-year prices of houses decreased for the first time since 2012. (Fox News / Fox News)

DOWN PAYMENTS FELL TO LOWEST LEVEL IN TWO YEARS: HERE'S WHY

A big reason why is lower prices. According to the "National Association of Realtors" and "Freddie Mac," the average home price fell to $363,000 in February, and mortgage rates are under 7%.

"In the past few weeks, interest rates have dipped back down into that 6% range," said Jessica Lautz with the National Association of Realtors. "And that’s been encouraging for buyers to come back in."

Nationwide home sales saw their biggest month-to-month jump since 2020 in February. (Fox News / Fox News)

HOME SALES JUMP 14.5% IN FEBRUARY AS PRICES FALL FOR THE FIRST TIME IN A YEAR

Home sales rose across the country from January to February.

Realtors recommend buyers move quickly while prices are lower. (Fox News / Fox News)

US HOME PRICES POST FIRST ANNUAL DECLINE SINCE 2012

The most significant jump is in the west, with a 19.4% increase. But according to Baughman, buyers need to be aware sellers might not keep prices low for long.

"You’ve got to look at it as a long-term game," Baughman said. "And get in as soon as you can to still get a piece of these lower prices."

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Data from the National Association of Realtors shows the jump in nationwide home sales from January to February was the biggest month-to-month increase since July 2020.

US

Soulja Boy arrested on suspected weapons charge during traffic stop

Published

13 mins ago

August 4, 2025

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Soulja Boy arrested on suspected weapons charge during traffic stop

Soulja Boy has been arrested and charged with possession of a firearm during a traffic stop.

The rapper, whose real name is DeAndre Cortez Way, was a passenger in the car that was stopped in the Fairfax area of Los Angeles early on Sunday morning, the LAPD said.

“A passenger was detained and police arrested DeAndre Cortez Way for being a convicted felon in possession of a firearm,” the statement added.

Possessing a firearm as a convicted felon is a felony.

The 35-year-old was booked into jail in the LAPD’s Wilshire Division shortly after 6am. It is not clear if he has since been released.

Police did not provide information on what prompted the traffic stop and who else was in the vehicle with Way.

Soulja Boy is yet to publicly comment on the incident.

Soulja Boy is best known for his 2007 hit Crank That, which topped the Billboard Hot 100 for seven weeks and landed him a nomination for best rap song at the Grammys.

The rapper was arrested and charged with a felony in 2014 for carrying a loaded gun during a traffic stop in LA.

In April this year, the Chicago hip-hop artist was ordered to pay more than $4m (£3m) in damages to his former assistant after being found liable for sexually assault, as well as physically and emotionally abusing them.

Sports

Rodriguez makes history with another 20-20 year

Published

1 hour ago

August 4, 2025

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Rodriguez makes history with another 20-20 year

ESPN News Services

Aug 3, 2025, 07:04 PM ET

SEATTLE — Julio Rodriguez homered to become the first player in major league history with 20 or more home runs and 20 or more stolen bases in each of his first four seasons, and the Seattle Mariners beat the Texas Rangers 5-4 on Sunday.

Rodriguez hit a two-run shot in the third inning — his 100th career homer — and the slugging and speedy center fielder also added his 21st stolen base of the season after singling in the fifth inning.

“That’s a very big accomplishment,” Rodríguez told reporters, according to MLB.com. “I know my family’s very happy, and I’m sure they’re thinking of all the things I had to do to be able to get here. To be able to do it with this team and this organization is awesome. I’m just excited to see where things are going to go from here.”

Jorge Polanco added a solo shot in the second, and shortstop J.P. Crawford smacked a two-run blast in the fourth against Rangers starter Jacob deGrom (10-4), who became the fastest pitcher in major league history to reach 1,800 career strikeouts by games and innings Sunday.

The Rangers kept things close by pushing across three runs against Mariners starter Logan Evans (5-4), but tallied only one run against the Mariners bullpen before closer Andrés Muñoz locked down his 25th save of the season.

The Associated Press contributed to this report.