Homes are overvalued in most of the US – and the problem is worse in these 5 states
An overwhelming majority of homes in the U.S. are overvalued as steep mortgage rates and an ongoing housing shortage push the price of real estate even higher.
An overwhelming majority of homes in the U.S. are overvalued as steep mortgage rates and an ongoing housing shortage push the price of real estate even higher.
Housing prices in these states will become 'more affordable,’ Redfin CEO says
The Fed’s handling of rate cuts will play a key role in 2024 housing affordability, but according to one expert, certain U.S. states are already seeing "good" signs.
The Fed’s handling of rate cuts will play a key role in 2024 housing affordability, but according to one expert, certain U.S. states are already seeing "good" signs.
DC skinny home 6-feet-wide, on sale for under $600k
A new home is on the market for under $600,000 in D.C.’s Shaw neighborhood. There's just one thing — it’s only six feet wide.
A new home is on the market for under $600,000 in D.C.’s Shaw neighborhood. There's just one thing — it’s only six feet wide.
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.
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.
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.
Baltimore, Maryland, city officials approved a program that would sell city-owned vacant homes for next to nothing at $1 for some applicable residents.
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.
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.
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.
The president wants to make housing more affordable through a pair of tax credits. Here’s how it works.
Marcia Fudge steps down as HUD secretary
Housing and Urban Development Secretary Marcia Fudge announced Monday that she would resign her post, effective March 22, saying she was leaving “with mixed emotions."
Housing and Urban Development Secretary Marcia Fudge announced Monday that she would resign her post, effective March 22, saying she was leaving “with mixed emotions."
Rent in Arlington more expensive than DC, study says
Arlington came in as the seventh-priciest rental market in the country – higher than Washington, D.C. – in a recent study.
Arlington came in as the seventh-priciest rental market in the country – higher than Washington, D.C. – in a recent study.
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.
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.
US home prices hit a new record high in November
US home prices rise again in November as inventory shortage persists
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.
A new Harvard analysis reveals soaring housing costs put a financial strain on millions of renters, with prices spiking during the pandemic.
Arlington County spending over $700 an hour in lawsuit against residents over Missing Middle: report
Arlington County is reportedly doling out over $700 per hour in legal fees as it combats residents suing the county over the contentious issue of the "missing middle."
Arlington County is reportedly doling out over $700 per hour in legal fees as it combats residents suing the county over the contentious issue of the "missing middle."
DC's first-time homebuyer program out of money again
The District's Home Purchase Assistance Program is out of money again.
The District's Home Purchase Assistance Program is out of money again.
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.
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
Just a fraction of homes for sale in 2023 were affordable for the typical American
Loudoun County offering $500,000 in aid to prevent evictions
New emergency eviction assistance is available in Loudoun County.
New emergency eviction assistance is available in Loudoun County.
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.
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.
DC Housing Authority appoints Keith Pettigrew as new executive director
The man now tasked with revamping D.C.'s Housing Authority is a native Washingtonian with nearly two decades of experience in public housing.
The man now tasked with revamping D.C.'s Housing Authority is a native Washingtonian with nearly two decades of experience in public housing.