Average long-term US mortgage rate hovers near 7%
The average 30-year fixed loan was 7.08% this week, according to Bankrate’s latest survey of large lenders. Here’s what a monthly mortgage payment at the current rate would look like.
Why are voters still frustrated with the economy? Blame home prices
As the presidential election approaches, voters are increasingly frustrated with the country's housing affordability crisis, which experts attribute to a shortage of homes for the growing population.
Baltimore sells $1 houses in effort to combat vacant home crisis
Baltimore, Maryland, city officials approved a program that would sell city-owned vacant homes for next to nothing at $1 for some applicable residents.
Housing benefits could lure employees back to office, survey shows
Many companies are facing the ongoing dilemma of office versus remote work four years after the pandemic, with a new survey highlighting housing benefits as a potential solution.
Time to sell your home? Here are 3 questions to ask yourself
As someone deeply involved in the real estate industry for decades, I understand that selling your home isn't just a financial transaction; it's a significant life decision.
Home buyers need to make $47,000 more than in 2020 to afford a home
A new report from Zillow finds that some people are relying on financial gifts to help cover the cost of a down payment for a home or moving to low-cost cities to find affordable housing.
The two things Biden proposed to shake up the housing market
The president wants to make housing more affordable through a pair of tax credits. Here’s how it works.
Rent prices are changing thanks to 'apartment-building boom' – what renters should expect
Rent prices are evolving – potentially for the better – in 2024 thanks to an “apartment-building boom," according to Redfin chief economist Daryl Fairweather. Here’s what renters should know.
Florida House could vote on homeless bill during Friday session
Florida lawmakers are expected to vote on a bill Friday that would ban camping in public spaces. Some critics of the bill say it targets homeless people. House members debated the bill on the house floor Thursday.
US home prices hit a new record high in November
US home prices rise again in November as inventory shortage persists
Housing is expensive for a record half of American renters, study shows
A new Harvard analysis reveals soaring housing costs put a financial strain on millions of renters, with prices spiking during the pandemic.
About 24% of renters in America say they can no longer afford their rent, study says
While buying a home is an issue for some, covering the cost of rent every month is becoming a growing burden for many, based on findings from Intuit Credit Karma.
Housing affordability plummeted to lowest level on record in 2023
Just a fraction of homes for sale in 2023 were affordable for the typical American
US housing market needs 1M more homes to satisfy demand
National Association of Realtors Chief Economist Lawrence Yun argued that policy changes could boost housing supply. The shortage of homes is keeping upward pressure on prices.
Orlando-metro area rent report: Most, least expensive places to live
Looking to rent in the metro Orlando area? Here's the latest rent report from August showing the least and most expensive places to rent.
Home prices will rise in 2023 as affordability crisis worsens, Goldman says
Goldman Sachs projects home prices to climb by 1.8% this year amid housing shortage
The US housing market may be trapped in a prolonged freeze
Fannie Mae economists predicted in a revised forecast that the U.S. housing market faces a prolonged downturn due to high mortgage rates and limited supply.
California courthouse parking lot turns into homeless encampment with 24/7 security
One of California’s famous wine regions has a government-sanctioned homeless encampment set up near the local courthouse, Fox News Digital has learned.
This is how much you need to make to afford rent in Florida, study says
See how much you need to make to afford rent in Orlando, according to a new study.
Orlando is one of 7 Florida cities that could be headed for a housing crisis
Florida is a U.S. destination many people flock to for its sunny weather, sandy beaches and attractions. With increasing mortgage rates driving up home prices, however, some residents may consider living elsewhere.