Only two large US cities are affordable for new home buyers
Only two of the 50 largest U.S. cities are affordable for first-time home buyers, according to a new analysis that weighs average list prices against local incomes.
Only two of the 50 largest U.S. cities are affordable for first-time home buyers, according to a new analysis that weighs average list prices against local incomes.
“Is it a gold mine?”
Housing economist Ali Wolf is worried by a growing "imbalance between the haves and have-nots in the economy."
Trespassers who claimed to have paid $6,000 to rent a home in Houston, Texas, have been evicted after their lease was proven to be fake by police. One of the squatters, identified as Tamisha Holmes-Bey, told ABC13 Houston that she paid a realtor to live on the property, claiming to have a lease with her name, her husband’s name and her children’s names on it. Giang reportedly discovered the trespassers around three weeks ago after receiving a letter from the Meyerland HOA to clear off the leaves on her driveway.
The 90-acre beachfront property has tennis and pickleball courts, a putting green, multiple ponds, and two swimming pools.
Although the real estate market is finally cooling down, home prices around the country are still significantly higher than they were a decade ago. But some cities have seen higher rates of home price...
A new law will impose extra tax on sales of more than $5m starting 1 April – and sellers are desperate to unload before the deadline
Image source: Getty Images Many people have been struggling to buy a home, and for good reason. Last year, mortgage rates began rising sharply. That alone is tough enough. But home prices have also been elevated.
The average U.S. home sales price hit $535,800 in 2022. We asked experts how much you need to earn to afford a home around that price point.
When we moved last summer, we traded a low interest rate for one 2.25% higher -- and we were lucky. If that's the case, selling while prices are high and renting until your situation changes can make sense.
To battle remote work, companies are moving into fancy offices. That's good news for employees — and bad news for older buildings.
Luxury homeowners in Los Angeles are scrambling to get their properties sold by the end of March, before a new mansion tax takes effect. Starting April 1, sellers will face a 4% transfer fee on property sales over $5 million and a 5.5% transfer fee on properties over $10 million. In November, Los Angeles voters approved Proposition ULA, which allows for the aforementioned mansion tax on high-value properties.
Most retirees live on some combination of Social Security payments and their own retirement savings. The problem with living on a fixed income, however, is that inflation can erode your purchasing...
Oftentimes, celebs are finding homes in behind-the-scenes deals that displace the people who actually live there.
Tighter lending threatens to hit commercial real estate, harming the regional banks that provide much of the sector's financing, Jim Chanos said.
Almost any consumer-facing or non-industrial business can operate in commercial real estate. But how profitable is it for investors?
Property prices dropped by 3.1% in the year to March, the Nationwide says.
The city of Detroit is launching a down payment assistance program focused on helping more Detroit residents become homeowners.
With so many cities offering attractive benefits for retirees, GOBankingRates has trimmed the list to a manageable 30 locations that are the best places to retire.
Britney Spears, Jim Carrey, Kylie Jenner and Mark Wahlberg are among stars who own or have owned homes in the city
Peoria is known nationally for being an affordable housing market. The issue for some is access to quality, affordable housing in safe neighborhoods.