US real estate news

Is Elon Musk Moving to South Florida? Here Are the Details Behind That Rumor

Musk is reportedly eyeing a $42 million penthouse owned by the late beauty mogul Sydell Miller.

US Developers Building Housing in Abandoned Shopping Malls To Address Shortage in the Market

As of June, the US is short at least 4.5 million homes, which reflects a growing housing deficit from previous years.

Suspect in UnitedHealthcare CEO Killing Hails From Real Estate Family, Grew up in This $800K Home

The alleged shooter comes from a prominent real estate family in Maryland that owns the Turf Valley Resort and Hayfield Country Club.

NYC Leader Pushed for Lucrative Real Estate Deals Despite Losing Bids: Report

Hamilton was accused of steering a lease to a property owned by an individual who raised donations for a trust paying the lawyers representing Mayor Eric Adams.

Most Vulnerable Housing Markets Facing High Risk of Declines Due to Home Affordability

The most vulnerable housing markets were found in clusters in Chicago, New York City, and inland California.

7 US Metro Areas Where Home Prices Are Expected To Soar in 2025

Home buyers are expected to return to the market next year, which could bring up home prices in some metro areas. Here are where prices are expected to increase the most.

Mortgage Applications Jump 12% After Rates Fell for the First Time in Two Months: Report

The average contract rate for the 30-year mortgage fell to 6.86% this week.

New Home Sales Crash to 2-Year Low Amid Rising Mortgage Rates, Elevated Home Prices

The number of new home sales fell by 17.3% in October at a seasonally adjusted rate---the lowest level recorded since December 2022.

Where Are Rents Falling in New York City?

As of October, the median asking rent for all rental properties in NYC was $3,374. That is 2% lower than in September.

What Could US Homebuyers Expect in the Next Two Years?

Experts say mortgage rates and home prices are unlikely to go down in the next two years despite hopes that buyers could come back to a more affordable market in 2025.

Half of US Homeowners Under 50 Feel Trapped in Their Homes Due to Mortgage Rates, Survey Finds

The contract rate for the 30-year fixed mortgage is currently at 6.78%, which is significantly higher than rates recorded pre-pandemic.

How Can Trump’s Mass Deportation Plan Affect the US Housing Market?

Donald Trump promised to hold the "largest deportation of criminals" in America's history on his campaign trail.

Here’s What Experts Say the US Housing Market Could Look Like in 2025

Higher home prices and elevated mortgage rates have pushed many homebuyers out of the real estate market this year. Here is what experts believe could happen next year.

10 Housing Markets Where Minimum-Wage Workers Can Actually Afford Rent

Homes are considered affordable if they do not cost more than 30% of a worker's annual income. American renter households are burdened by their rent, which means they could be spending more than 30% of their annual income to cover housing costs.

5 Best Local Housing Markets for Investors in 2025

These five housing markets are marked by strong growth in business formation, employment opportunities, and population.

What Could Happen to the US Real Estate Market Under 2nd Donald Trump Presidency

Trump won another four years in the White House after a hotly contested presidential race---with his comes questions about how he could improve the US housing market.

Renter Households Grew Three Times Faster Than Homeowners Amid Rising Homebuying Costs

Median asking rents only grew 0.6% in September whereas home prices rose by 6% in the same period. The share of renter households in the United States has grown at thrice the rate of homeowner households amid rising costs of home buying, according to a new report.

Is Buying a Home After the Election a Good Decision? Here’s What Experts Say

If you're unsure about whether to purchase a home following the 2024 election, here are some tips from real estate experts.

First-Time US Homebuyers Are Now Older Than Ever as Houses Become ‘Wildly Unaffordable'

The median age of first-time homebuyers in 2024 has risen to 38 years old from last year's 35 due to the worsening housing affordability crisis in the US.

Most Home Buyers Won’t Return to the Housing Market Until Mortgage Rates Drop to 4%

The survey found that only 4% of homebuyers in the US would consider purchasing a house at a mortgage rate of 6%.

Can Trump Stop ‘Insanity’ in the US Housing Market? This Real Estate Tycoon Thinks So

Grant Cordone claims Trump can pressure the Federal Reserve so the US would have the "lowest interest rate in the world."

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?