Housing Affordability

Real Estate 2024-03-24T12:16:01Z

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.
Real Estate 2024-03-20T14:53:25Z

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.
Real Estate 2024-03-19T21:06:13Z

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.
Real Estate 2024-03-11T17:08:23Z

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.
Economy 2024-03-09T11:28:01Z

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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Real Estate 2024-03-01T16:56:18Z

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."
Real Estate 2024-02-29T15:22:05Z

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.
Real Estate 2024-02-27T18:04:41Z

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.
Real Estate 2024-02-19T12:19:01Z

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.
Real Estate 2024-02-06T20:44:47Z

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.
Real Estate 2024-02-03T11:43:01Z

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.
Real Estate 2024-01-29T18:04:25Z

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.
Real Estate 2024-01-29T17:42:40Z

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.
Economy 2024-01-27T10:52:01Z

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.
Real Estate 2024-01-26T17:03:09Z

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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Real Estate 2024-01-18T16:10:31Z

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.
Real Estate 2024-01-16T17:47:46Z

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.
Real Estate 2024-01-09T18:36:51Z

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.
Real Estate 2024-01-04T18:05:38Z

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.
Real Estate 2023-12-25T12:44:01Z

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."
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