News

Activists Call On NYC Mayor And Housing Authority To Address To Jacob Riis Houses' Water And Gas Crisis

NYCHA Ramping up Efforts To Evict Delinquent Tenants: Report

NYCHA evicted more than 60 households in the first quarter of 2024. The New York City Housing Authority (NYCHA) has recently ramped up its efforts to evict tenants who failed to pay their rent as it continuously shells out money to cover related services.

Thousands of Homeowners May Pay Higher Monthly Mortgages as ARMs Reset: Report

The adjustable-rate mortgage loans already reset for 328,000 homeowners. More than 100,000 homeowners in the United States are likely to get slammed with higher monthly mortgage payments as the fixed period for adjustable-rate mortgage (ARM) loans resets this year.

San Francisco Area Leads Nation In High Rents

Over 70% of Renters Struggle To Afford Housing: Survey

At least 20% of renters also said they had to downsize or relocate due to the burden of housing costs.

EDITOR'S PICKS

Real Estate Expert Suggests Investing in These US Cities Before Home Values Increase

In some cities, the median sale price of homes is nearly half the national home value of $438,601. Home prices in the United States are skyrocketing as mortgage rates remain elevated, but hopeful buyers may still find luck in some places, according to a real estate investor.
By D. Ong
10 US Metro Areas Where the Costs of Living Are the Most and Least Expensive

The analysis took into account groceries, health care, housing, miscellaneous goods, transporation, and utilities costs.
By D. Ong
10 US Metro Areas Where Buyers Need Over 20 Years To Save up for a Down Payment: Report

Buyers would now need to put a 35% down payment to comfortably afford monthly mortgage payments. With home prices and mortgage rates remaining elevated, some hopeful buyers in the United States would need more than 10 years to save up for the down payment to afford a median-priced home.
By D. Ong
Marilyn Monroe’s Brentwood Home Receives Historical Designation in Recent Council Vote

The city council this week voted unanimously to designate Monroe's home as a local historical landmark.
By D. Ong
Real Estate Forecast: US Housing Market Unlikely To Change Anytime Soon

The Bank of America said the housing affordability crisis in the US will likely remain until at least 2026.
By D. Ong
Biden Administration Green Lights New Program for Purchasing Second Mortgages

The new pilot program will allow Freddie Mac to purchase certain single-family closed-end second mortgages.
By D. Ong
10 US Cities Where Home Prices Are Declining: Report

National home prices reached a median of $442,500 in May, 0.3% higher than the same month last year.
By D. Ong
Top Real Estate Broker Steps Down Following Sexual Assault Allegations

Tal Alexander was accused of participating in a "coordinated sexual assault" in the fall of 2012.
By D. Ong
Ohio Issues Warning Amid Rising Property Listing Scam, Deed Fraud Cases

There were more than 9,200 real estate-based complaints logged by the FBI in 2023. The Ohio Department of Commerce's Division of Real Estate and Professional Licensing (REPL) recently issued a warning for consumers and real estate agents in the state following a rising number of cases involving fraudulent property listings and deeds.
By D. Ong
Home Buyers Now Need a $128,000 Down Payment To Afford the Mortgage Payment: Report

Monthly mortgage payments rose by 115% after home values rose by 45% since 2020. Hopeful buyers in the United States would now need to put a down payment of nearly $128,000 to afford monthly mortgage payments on a median-priced home.
By D. Ong