News
Diddy Lists LA Mansion for $70 Million Months After Homeland Security Raid
15 US States Where Home Prices Grew the Most in the First Quarter of 2024: Report
State Farm Planning To Raise Home Insurance Rates in California by Over 50%: Report
EDITOR'S PICKS
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Gov. Gavin Newsom Expedites Temporary Housing For Residents In Areas Struck By LA Wildfires
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Pasadena Native Lost Her House To LA Wildfires One Day After Paying Off Her Mortgage: 'It's Gone'
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How The Mircale Malibu Mansion And Pacific Palisades Home Survived The Devastating LA Fires
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What Happens To Your Mortgage And Property Tax When You Lose Your Home In A Natural Disaster?
The average contract rate on a 15-year mortgage also rose this week by 0.09%. The average contract rate for a 30-year mortgage climbed to just under 7% this week, the first time it increased since late May. 
10 US States With the Highest Property Tax Rates: Report
Property taxes jumped to 6.9% in 2023, double the 3.6% growth rate in 2022. Property tax rates on single-family homes in the United States surged by nearly 7% in 2023, reaching more than $363 billion, a report found. 
Manhattan Is Now a ‘Buyer’s Market’ as Home Prices Decline Due To Rising Inventory
The average sale price of real estate properties in Manhattan fell by 3.3% in the second quarter of 2024. 
California Announces New Home Loan Program for First-Generation Buyers
The new home loan program will provide first-generation buyers with vouchers amounting up to 20% of a home's value. 
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. 
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. 
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. 
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. 
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.
