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Why Americans Still Prefer to Rent Than Buy

Despite the fact that home price gains have relatively slowed and mortgage rates are at record lows, a large number of Americans continue to rent homes rather than buy one, even if renting is more expensive than paying off a mortgage. The Federal Reserve Bank of New York explains why the trend of renting is so hot right now.

Affordable Home Inventory Declining Across US, Redfin Study

A new study conducted by Redfin, the Seattle-based real estate agency, found that the number of affordable home listings across the United States has decreased considerably in 2014. The report is in line with the rising home prices.

Nick Novak Sells La Jolla Home for $637,500

Nick Novak, the star placekicker of San Diego Chargers, has reportedly sold his house in La Jolla, Calif., for $637,500.