Yahoo Finance's Ronda Lee reports on housing affordability as the average 30-year mortgage rate reaches 5.81%.
Shares of several real estate stocks bounced this week after what has been a brutal month and year of selling in the sector. For the week, shares of the largest mortgage originator in the county, Rocket Companies (NYSE: RKT), traded close to 5.5% higher as of 2:38 p.m. ET today. Shares of the real estate marketplace Zillow Group (NASDAQ: ZG) (NASDAQ: Z) traded nearly 14% higher and shares of the brokerage Redfin (NASDAQ: RDFN) traded more than 13% higher.
The right paint colour in the right room can have a big impact on a buyer's impression of a home and a home's sale price. New research from the real estate marketplace Zillow® finds homes with dark grey walls could sell for up to $6,491 more than expected, while homes with trendy green kitchens could hurt a home's sale price by more than $3,600.