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Rates are near 7% for a 30-year fixed mortgage, highest in two decades. For buyers who can afford it, shopping is less stressful.
The economic damage from Hurricane Ian could exceed $100 billion.
Los Angeles mortgage broker Vivian Gueler says high rates, high home prices and a weak stock market are stopping people from buying homes.
We looked at the costs of major expenses like homes and vacations and adjusted for inflation. It’s not pretty.
But adaptive reuse isn’t as simple as swapping out cubicles for beds. Developers often need to charge a lot to make conversions worthwhile.
One report found that net effective median rent in Brooklyn jumped more than 27% year-over-year in August.
San Francisco Fed researchers say the work-from-home shift may account for more than half of overall home price and rent increases in the U.S.
With real estate firms in financial distress, thousands of people are left with unfinished condos. Some are trying to fight back.
Prices may be coming down and houses are on the market longer, but many potential buyers have given up.
Rents have been rising fast along with the price of homes, prompting discussion of rent control or stabilization.