Real Estate

Real estate experts say the new mayor’s crime fighting efforts and a booming AI industry are drawing home buyers back to the city.

Many surveyed are planning to use money from second jobs or family support to make their home purchase a reality.

U.S. seniors are opting for renting like never before.

The agency will propose cutting upfront and annual mortgage insurance premiums to 25 basis points across all multifamily program categories.

Housing stock rises to highest level since the COVID-19 pandemic.

Some analysts envision ‘pragmatic normalization’ in the real estate market for the rest of the year.

Pandemic boomtowns now lag as Midwest and Northeast markets lead—a shift toward fundamentals over speculation, the report noted.

Nearly two-thirds of the wealth in America is owned by people over 60, according to Statista, a data analytics firm.

Homes that are overpriced by even a little are ‘likely to sit on the market,’ said a real estate agent.

Home sales rose in every region except the West, while prices continued to climb.

Properties deemed to be underwater face a high risk of foreclosure.

Cudahy in LA County has the highest share of residents who are renters at 88 percent. ‘It’s not just younger people ... but retirees as well,’ an expert said.

Many older people refuse to sell because they cannot afford a similar property in their neighborhood. That makes the market tight for young buyers.

Sellers are now willing to accept lower down payments in a bid to offload their homes.

More builders have begun cutting home prices in a bid to bring hesitant buyers into the market.

Over the past four years, the U.S. housing industry faced challenges, such as high mortgage rates, limiting new home construction and sales.

With the 30-year fixed mortgage rate near 7 percent, buyers are seeing more options while sellers cut prices on properties, Redfin says.

The homeowners insurance affordability index is estimated to reach a record high of 2.4 percent in 2024, according to a recent report.

Delaware had the highest foreclosure filing rate among all states, followed by Florida and Illinois.

‘It catches many homeowners off guard,’ home finance expert Linda Bell said.

Real estate experts say the new mayor’s crime fighting efforts and a booming AI industry are drawing home buyers back to the city.

Many surveyed are planning to use money from second jobs or family support to make their home purchase a reality.

U.S. seniors are opting for renting like never before.

The agency will propose cutting upfront and annual mortgage insurance premiums to 25 basis points across all multifamily program categories.

Housing stock rises to highest level since the COVID-19 pandemic.

Some analysts envision ‘pragmatic normalization’ in the real estate market for the rest of the year.

Pandemic boomtowns now lag as Midwest and Northeast markets lead—a shift toward fundamentals over speculation, the report noted.

Nearly two-thirds of the wealth in America is owned by people over 60, according to Statista, a data analytics firm.

Homes that are overpriced by even a little are ‘likely to sit on the market,’ said a real estate agent.

Home sales rose in every region except the West, while prices continued to climb.

Properties deemed to be underwater face a high risk of foreclosure.

Cudahy in LA County has the highest share of residents who are renters at 88 percent. ‘It’s not just younger people ... but retirees as well,’ an expert said.

Many older people refuse to sell because they cannot afford a similar property in their neighborhood. That makes the market tight for young buyers.

Sellers are now willing to accept lower down payments in a bid to offload their homes.

More builders have begun cutting home prices in a bid to bring hesitant buyers into the market.

Over the past four years, the U.S. housing industry faced challenges, such as high mortgage rates, limiting new home construction and sales.

With the 30-year fixed mortgage rate near 7 percent, buyers are seeing more options while sellers cut prices on properties, Redfin says.

The homeowners insurance affordability index is estimated to reach a record high of 2.4 percent in 2024, according to a recent report.

Delaware had the highest foreclosure filing rate among all states, followed by Florida and Illinois.

‘It catches many homeowners off guard,’ home finance expert Linda Bell said.