Housing Affordability
Why buying a home isn't likely to get much cheaper even under Biden's housing plan
Americans waiting for a drop in home prices could wind up being disappointed, real estate economists say.
The mortgage 'lock-in effect' could worsen wealth inequality and is likely to last for years to come, researchers say
Unless mortgage rates fall significantly, the "lock-in" effect pushing up home prices will last a long time, government researchers said.
I got a 2.5% mortgage rate last year when everyone else was getting 6%. It's saving us $40,000 and helping pay off my medical bills for cancer treatment.
Amy Yzaguirre, who got a relatively rare type of mortgage, said it was a grueling process requiring hundreds of documents but worth it in the end.
Most homeowners and renters say housing prices will factor into their vote for president, Redfin survey shows
Nearly two-thirds of homeowners and renters say high housing prices make them feel bad about the broader economy.
The Trump-supporting governor of Montana is staking his reelection on a set of 'miracle' YIMBY housing policies
Montana Gov. Greg Gianforte is touting a slew of bipartisan housing bills celebrated by YIMBYs across the country as he runs for a second term.
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The US housing market is slowly thawing, but 91% of homes are still overvalued, Fitch says
"High mortgage rates and elevated home prices, which aggravate the affordability issue, continue to moderate the pace of this normalization."
Homebuyers need to earn 80% more than they did pre-COVID to comfortably afford a house in this market, Zillow says
Home prices are getting expensive, up 42% since January 2020, while median incomes haven't matched the rise, up 23% in the same time frame.
Home prices continued to soar higher across the US in the 4th quarter
Home prices in the US rose 6.5% on an annual basis in the last three months of 2023, according to the Federal Housing Finance Agency.
I bought a house in Japan for less than $45,000. I live in the peaceful countryside close to every convenience, and everything's cheaper here.
Ned Watson bought an abandoned Japanese home, known as an akiya, in 2019. It's brought him tranquility and a life free of financial burden.
The Florida city with cheaper homes and fun perks luring residents from Miami and New York
Orlando isn't just for Disney tourists and retirees. A real-estate agent says it's great for young people who want their money to go further.
I started a 'mommune' with another single mom. We're 'soul sisters' raising 6 kids and 6 cats in the same house.
A single mother who formed a "mommune" with her friend and colleague said coliving makes everything, from cooking lunch to running errands, better.
I was thrilled to live in a tiny home. But it got too expensive, and now I'm moving out.
Elizabeth Illing, 37, thought a tiny home would help her afford Austin, Texas. But she's leaving it for a regular apartment with more space for less money.
The average US homebuyer has gained $40,000 in buying power in the last 3 months as mortgage rates cool
Trying to time the housing market to lock in a low mortgage rate is a "waste of energy", Redfin's chief economist said.
A 27-year-old Berkeley city council member wanted to build more affordable housing. Relentless harassment from 'left NIMBYs' pushed him to resign.
Former Berkeley city council member Rigel Robinson wanted more housing, but anti-development NIMBYs' harassment and threats pushed him out.
The frozen housing market may be starting to thaw
Pending home sales jumped 8.3% in December, above expectations, and mortgage rates have continued to ease.
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Most people buying homes get screwed into spending thousands on a tedious fee. That may be about to change.
Most people buying a home with a mortgage need to buy title insurance. But an alternative could save them hundreds of dollars.
The housing market is breaking out of mortgage rate lock as a wave of sellers look poised to list their homes in the coming years, Zillow says
Over 20% of owners say they are considering selling their homes in the next three years, a Zillow survey shows.
The value of the housing market in America's largest metros has surged to $23 trillion
The latest figure has grown by about 38% from $17.02 trillion from before the pandemic, according to LendingTree.
From interest rates to home demand, here's how the housing market will unfold in 2024, according to LendingTree
The housing market in 2024 will see demand remain low and activity stay sluggish, LendingTree said.
Home prices may pick up speed after the Fed cuts rates with 88% of the housing market still overvalued, Fitch says
"This will continue to impact affordability, particularly for entry-level and first-time homebuyers, thereby constraining demand."