US real estate news

Miami At Highest Risk of Facing a Housing Market ‘Bubble’

An analysis found Miami to be at the highest risk of a housing bubble as median home prices soar to $600,000, up 8.6% year-over-year.

10 US Cities Where Buyers Earning Under $95,000 Can Comfortably Afford a Home: Report

A new analysis from Redfin found that the income needed to afford a home in the US fell to $115,000 nationally, but this is lower in several cities.

Major US Corporate Landlord for Single-Family Homes to Refund $48M After Deceiving Renters, Illegally Charging Tenants Junk Fees

Dallas-based Invitation Homes allegedly deceived renters about the condition of their properties, with tenants complaining about rodent feces and plumbing issues within a week of moving in.

10 US Cities Where Mortgages Are Easiest and Hardest To Pay Off: Report

A person's ability to pay off their mortgage depends on where they live. Here are the cities where homeowners can easily pay off their mortgages.

Income Needed To Buy a Typical Home in the US Falls to $115K, Marks First Decline Since June 2020

The income needed to buy a median-priced home in the US fell to 1.4% year-over-year in August 2024 after mortgage rates dipped to 6.5%.

Homes in These 10 Small Towns Have Prices of Over $400,000, Nearly as Expensive as Major Coastal Cities

A recent study analyzed median home values in town with a population between 10,000 and 50,000 and found that home prices there are comparable to those in metropolitan areas.

Is the American Dream Impossible? 60% of Americans Say They Don’t Feel Capable of Owning a Home

A survey found that more than half of Americans do not believe they can afford a home in today's housing market, with 53% citing the inability to afford a down payment as the reason.

These 10 States Lead the Nation for the Most Expensive Homeowners Insurance: Report

The average cost of home insurance in the United States is $2,285 nationally, but prices could soar to $5,600 in some states.

Rent Prices Rose Faster Than Home Values for the First Time in 10 Years, Renters Remain Cost-Burdened

Rent prices rose 3.8% in 2023 while the median home values only rose by 1.8%. Rent prices in the United States rose by nearly 4% in 2023 while home values only grew under 2%.

Will Silver Tsunami Forecast Come True? 50% of Boomers Never Plan To Sell Their Home, Study Finds

Boomers who said they did not plan to sell their homes cited finances, their mortgage rates, and emotional attachment as reasons for not wanting to list their properties.

30% Home Financing Rule Is Dead; Here’s the New Rule for First-Time Buyers Amid Housing Affordability Crisis

The average sticker price for homes in the US is now $439,000, which accounts for nearly 50% of the typical income of a first-time buyer.

US Home Listings Grow 35% in August, Houses With Price Cuts Reached the Highest Level in 5 Years

Home listings for properties priced $200,000 to $350,000 posted the largest year-over-year gains in August.

10 US Cities With the Highest and Lowest Rent Prices for One-Bedroom Apartments: Report

The median price of one-bedroom units in the US rose to $1,534, but the price soared to $4,500 in New York City - the metro area with the most expensive rent in the nation.

Only 10% of Americans Think Homeownership Is Easy To Achieve Amid the Housing Affordability Crisis

The survey comes after home prices hit a new record in June, increasing 5.4% year-over-year from the same month in 2023.

Undocumented Immigrants Could Soon Be Eligible for Affordable Housing Assistance of Up to $150,000 in California

The measure, introduced by Assemblymember Joaquin Arambula in January, is now heading to the desk of Gov. Gavin Newsom.

5 US Housing Markets Where Buyers Have the Most and Least Power: Report

Housing markets where buyers have the most buying power have a growing number of homes for sale and decelerating price growths.

Home Prices Posts an Annual Gain of 5.4%, Marking the Most ‘Unaffordable Housing Market’ in US History

The index tracking home prices in the 20 largest metro areas in the US also posted gains of 0.4% from May.

US Monthly Mortgage Payments Fell to $2,500, Declining for the First Time Since 2020

Mortgage payments fell after contract rates declined to 6.46% in the week ending Aug. 22. The median monthly mortgage payments in the United States fell to just over $2,500, marking the lowest level recorded in four years.

Justice Department Files Lawsuit Against RealPage for Allegedly Helping Artificially Inflate US Rent Prices

The civil lawsuit accused the software of developing an algorithm that facilitated a price-fixing scheme and decreased competition among landlords.

30-Year Mortgage Rate Dips To Lowest Average Since 2023; Existing-Home Sales Rise

The average contract rate for a 30-year mortgage in the week ending Aug. 22 was 0.77% lower compared to the same week in 2023.

Here Are the Five Hottest Housing Markets in the US in 2024

In some of the hottest zip codes in the US, homes spent 32 to 45 fewer days on the market in the first half of 2024.

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?