Real Estate
First-time homebuyers battling rapid decline in affordability: Numbers 'just not working'
Homeowner-hopefuls Sam and Jacky Pascal describe the emotional journey of being unable to find a suitable first-time home amid worse affordability than the 2008 crash.
Mortgage rates climb for fifth week on job growth and inflation
The Federal Reserves renewed hawkishness as inflation continues has sent Mortgage rates soaring to the highest its been since November.
Black California couple’s home appraises for $500K more when White friend poses as owner
A black couple has settled a lawsuit with a property appraiser who undervalued their California home by almost half a million dollars.
Most US renters are located in these states, report finds
A recent study analyzing the Census Bureau housing data of more than 300 cities across the U.S. found that many of the country's renters are located in Northeast states.
NYC anti-capitalist protester scales Chase Bank, fails miserably
Anti-capitalism protesters descended on Manhattan Friday – and video captured one scaling up the front of a Chase Bank before taking an epic plunge to the ground.
JonBenét Ramsey's Colorado home listed for $7 million
The Boulder, Colorado home where JonBenét Ramsey was found dead in 1996 has been listed on Zillow for $7 million – a 250% increase from its 2014 price of $2 million.
Housing affordability at record low, report says
There were around half as many affordable homes for sale in 2022 as the previous year and approximately one in five homes for sale were affordable for the typical household.
Mortgage rates climb for a straight fourth week on sustained economic growth and continued inflation
Persistent inflation has left lenders pessimistic about future interest rate hikes by the Federal Reserve, leading some issuers to write mortgages at higher risk premiums.
Hamptons trailer park home under contract for $3.75M
An 800-square-foot Montauk, New York custom home in a trailer park development is under contract to sell for $3.75 million, breaking records in the region.
Mortgage rates climb for third week on threat of sticky inflation
Mortgage rates continued their climb as inflation woes persist. The Federal Reserve's successive interest rate increases brought down inflation, however price acceleration is still above the central bank's target, causing borrowing costs to skyrocket.
Expert sounds alarm on high interest rates being the 'new normal,' leaving real estate 'extremely challenged'
Key Advisors Group, LLC owner Eddie Ghabour discusses the U.S. housing market, specifically commercial real estate and its forthcoming challenges.
Office landlord defaults are escalating as lenders brace for more distress
Brookfield Asset Management recently defaulted on a total of over $750 million in debt for a pair of 52-story towers in Los Angeles, according to a February securities filing.