Friday, 31 January 2025

D. Ong

US Homebuyers Have Gained $40,000 in Buying Power as Mortgage Rates Fall: Report

The median monthly mortgage payments also fell to $2,545 at a rate of 6.7%. The average homebuyer in the United States has gained at least $40,000 in spending power as mortgage rates cooled after soaring past 8% in October 2023, according to a report.
New York Calls on eXp Realty To Investigate Sexual Assault Allegations From Female Real Estate Agents: Report

The real estate brokerage is currently facing two sexual assault lawsuits. The office of the New York State comptroller has now called on real estate brokerage eXp Realty to launch an independent investigation into sexual assault and harrassment allegations at company events, according to a report.
Renter Tips: 5 Apartment Move-in Specials To Capitalize on This 2024

If you're looking to move into a new apartment, here are some promotions to be on the lookout for in 2024.
5 Outdated Home Selling Habits To Get Rid of in 2024

If you're planning on selling your home this year, here are some outdated habits to give up for good.
Home Maintenance Checklist: 6 Important Things Every Homeowner Should Do Monthly

There are several crucial things every homeowner should do every month to ensure their home stays in top condition. Here's a checklist.
UK Science Minister Quits as He Could Not Afford Mortgage on a $150,000 Salary

Mid Norfolk MP George Freeman said one of the reasons why he was leaving his post was because his mortgage payments were increasing this month.
Democratic Senators Call on Fed Chair Powell To Cut Interest Rates Amid Housing Affordability Crisis

The democratic senators also blamed the Federal Reserve's interest rate hike for the ongoing housing affordability crisis.
China Evergrande Ordered To Liquidate Amid a Debt of $300 Billion

Evergrande was once China's largest seller of real estate until it defaulted on its offshore debt in December 2021.
Real Estate 101: What Is a Homeowner Association (HOA) and What Are Its Fees?

Here's a quick guide on homeowners association (HOA), what it does, and what fees homeowners can expect.
How Are Real Estate Taxes Different From Property Taxes?

Real estate taxes are often also used by homeowners to refer to property taxes. However, these terms are not interchangeable. Here's a guide on the differences between real estate and property taxes.
Judge Bans All Home Renovations in Beverly Hills Over Lack of Affordable Housing

The city of Beverly Hills is now prohibited from issuing new building permits for residential renovations, commercial developments, and any other construction project.
Woman Brutally Stabbed in Brooklyn Sues New York Housing Authority for Negligence

A 2022 audit found that 90% of the NYCHA building's locks were broken. A Brooklyn woman who was brutally stabbed more than 10 times by a career criminal has filed a negligence complaint against the New York Housing Authority (NYCHA) for allegedly failing to keep the entrance to one of its buildings locked.
Ohio Pastor Sues City After He Was Charged For Opening Church to House Homeless People

The city charged the pastor with 18 counts of violating zone ordinance, lacking a proepr kitchen, and improper ventilation.
Rents Fell for Third Straight Month as Supply Increases: Report

The national median rent price fell to $1,964 in December 2023 after it peaked at $2,054 in August 2022.
5 Important Things To Know Before Buying an Unfinished Home

Unfinished homes can be an exciting investment, but they can come with challenges and considerations. Here are some of the important things to know before investing in an unfinished home.
5 Common Problems Home Sellers Try To Hide

If you're planning on buying a home soon, here are some common problems home sellers may try to hide during the sales process.
Mortgage Rates Climb To Highest Level in Six Weeks, Experts Remain Hopeful for Declines Through 2024

Mortgage rates for the 30-year term rose to 6.69% this week, up 0.09 points from the week prior. The average mortgage rate for the 30-year fixed term climbed higher this week, marking the highest level recorded in six weeks.
Rent in the US Is Now Less Affordable Than Ever, Especially for the Middle Class: Report

At least 22.4 million renter households are now spending 30% of their income on rent and utlities. Rental prices in the United States are now less affordable than ever, with financial strain rising the fastest among middle-class earners, according to a report.
20 Cities Where Gen Z Homebuyers Can Afford to Purchase a Home: Study

A new study found that Gen Z homebuyers have a better chance of purchasing a home in the Midwest and South.
5 important Things No One Tells You About Living in a Tiny Home

The tiny home lifestyle may seem simple and sustainable, but there are often many aspect that go unmentioned, leaving homeowners unprepared. Here are some things you need to know before living in a tiny home.
6 Tips To Giving a Stellar Real Estate Customer Service

Stellar customer service, especially in the real estate industry, can help set you apart and build a loyal client base. Here are some tips to giving great customer service.
Disneyland Commits Nearly $2 Billion To Expand Theme Park in Anaheim

Disneyland's new proposal was revealed during the informational workshop for Disney Forward held Jan. 23.
Hawaii Governor Focuses on Maui Fire Recovery, Threatens to Ban Vacation Rentals

One proposed initiative includes offering tax amnesty to vacation rental owners who sell their poroperties to long-term rental landlords.
Oklahoma Skyscraper Could Be Tallest Building In The US

The proposed Oklahoma skyscraper would stand at 1,907 feet high and also be the fifth tallest building in the world.
Real Estate 101: Can Paying Rent Affect Your Credit Score?

Understanding what may affect your credit scores is crucial, especially if you plan to purchase a home or a property in the future. In this article, we'll explain how rent payments affect your credit scores.
What Is Passive Real Estate Investing and How Does It Benefit First-Time Investors

If you're looking to gain passive income and diversify your real estate portfolio, you may want to consider passive real estate investing. Here's a quick guide.
5 Common Mistakes Homebuyers Make When Purchasing a New-Construction Home

Buying a new-construction home can be exciting, but it also comes with risks that can make the homebuying journey a challenge. Here are some of the common pitfalls of new construction homes.
Top 5 Cities With the Highest Barriers to Homeownership: Report

Homeownership may be more difficult in some states even as mortgage rates fall to the 6% range, a new analysis found.
A Record Number of Office Buildings Will Be Repurposed Into Apartment Units in 2024: Study

More than 55,000 apartment units are set to be created from converted office buildings across the United States.
5 Things To Consider When Shopping for a Home as a Fur-Parent

If you're a fur parent planning to go house hunting soon, here are five factors to keep in mind when shopping for a home.

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