Cities with Monthly Mortgages Under $1,000
Looking to own an affordable home? Average mortgages in 6 metro areas are under $1,000 per month, according to a study by HSN, reported Marketwatch. City […]
Residential Real Estate
California Makes it Easier for Homeowners to Add a Second Unit
California Governor Jerry Brown signed into law Assembly Bill 2299, which allows homeowners to add “accessory dwelling units” (ADU’s) to their existing homes. The bill, which […]
The Growing Burden of Renting: 2.7 Million Tenants Faced Eviction Last Year
The hot real estate market isn’t just posing a challenge to buyers, but also to renters. According to new research by real estate firm Redfin, an estimated […]
Real Estate Markets with the Biggest Price Reductions
Realtor.com analyzed 300 metropolitan areas for price reductions on existing real estate listings. The list was used to rank the top 10 markets with price discounts. 1. […]
Home Prices Exceed 2006 Peak, but are 16% Lower When Adjusted for Inflation
U.S. Home price have surpassed their previous peak levels reached in July 2006, according to the benchmark S&P Case-Shiller CoreLogic National Index. However, the new peak […]
Higher Mortgage Rates Add $16,400 to the Cost of an Average Home
The recent spike in interest rates, which have jumped from 3.5% to 4.25% in the past few weeks, have pushed the cost of an average […]
Trump Administration Eyes Reducing Mortgage Interest Deductions
The incoming administration of president-elect Donald Trump may reduce mortgage interest deductions, according to Treasury Secretary nominee Steve Mnuchin, reported Forbes. “We’ll cap the mortgage […]
Forecast of the Top Housing Markets in 2017
Realtor.com released its 2017 U.S. Housing Forecast, which predicts how residential real estate will perform in the top 100 metro areas in the United States […]
Home Flipping Startup Open Door Raises $210 Million in Financing
Real estate startup company Open Door, raised $210 million in new financing led by Norwest Venture Partners, reported Tech Crunch. Open Door is an online service […]
October Home Sales Drop 1.9% Amid Higher Prices. Average Price is $354.9K.
Monthly sales of U.S. homes dropped 1.9% from September, according to a news release by the U.S. Housing and Urban Development (HUD). However, sales were 17.8% […]