Want to buy a home? You'll need to earn at least 6 figures
Buyers need to earn at least $107,281 to afford the $2,682 monthly mortgage payment on the typical American home, according to a new report
by Ben Verde Nov 15
5 housing proposals on midterm ballots — and how they shook out
In dozens of communities across the U.S., affordable housing was on the ballot in the midterms. Here's how some of the biggest proposals did as results were still being tallied
by Daniel Houston Nov 14
Homelessness is an epidemic. But there's a solution: Bring them home
Opinion
Homelessness is not just a housing problem — it's a lack of compassion, Brad Inman writes. But a blueprint exists thanks to successful animal rescue efforts: Bring the homeless into our homes
by Brad Inman Nov 14
NAR chief economist predicts 'strong rebound' in 2024
Lawrence Yun said home prices will rise 1% and sales will dip 7% next year before recovering in 2024, in contrast to a Fannie Mae forecast last month that predicted falling prices next year
by Andrea V. Brambila Nov 14
Political analysts at NAR: 'The politics of our country is broken'
Karl Rove, deputy chief of staff to President George W. Bush, and April Ryan, the longest-serving Black female White House correspondent, spoke at NAR's Legislative and Political forum
by Andrea V. Brambila Nov 14
Home sale prices post smallest increase since July 2020
Home sale prices increased by 3.2% year over year, a drop of 8.4% from their all-time high recorded in June, according to a new report by the online brokerage Redfin
by Ben Verde Nov 11
3 tips for getting started on your 2023 business plan
Despite setbacks and uncertainties, multifamily investors can plan for the future by staying informed and open to the possibilities of change in the months ahead
by Michael Zaransky Nov 11
Compass adds agents as revenue falls, losses rise in Q3
The company reported earnings Thursday for the first time since announcing the end of cash and stock-based recruiting incentives. Despite the move, the company added 335 agents
by Jim Dalrymple II Nov 10
Mortgage rates tumble on signs that inflation is easing
Rates for several types of mortgages fell more than half a percentage point Thursday, with 30-year fixed-rate mortgages averaging 6.62%
by Matt Carter Nov 10
The 10 US cities where down payments for homes are lowest
Some parts of the country exist where homebuyers can get away with much smaller down payments especially in the South and the Rust Belt, according to a new report
by Ben Verde Nov 10
hundred dollar bills lined up
All-items inflation rose 7.7% in October — down from September's 8.2%. Although its welcome news, housing economists say it'll take until 2023 for homebuyers to see the savings
by Marian McPherson Nov 10
Annual home price gains fall to single digits in most markets: NAR
Annual home price growth fell from 14% in the second quarter to below 9%, according to the National Association of Realtors latest quarterly metro home price report, released Thursday
by Daniel Houston Nov 10
WeWork to close 40 locations across US amid otherwise promising Q3
The coworking space lost $568M in Q3, an improvement from the same period last year when it lost $802M, according to earnings Thursday. Its revenue hovered at $817M, a 24% lift from 2021
by Ben Verde Nov 10
Redfin sees losses soar in Q3 as it winds down iBuying program
The company earned $600.5M in revenue during the third quarter, but also lost $90.2M — up from a loss of just $18.9M in the third quarter of 2021 — amid a worsening housing market
by Jim Dalrymple II Nov 9
Demand for purchase loans up slightly for first time in 7 weeks
Purchase loan applications rose 1% last week despite latest Fed rate hike, but homebuyer demand for mortgages remained close to 2015 lows, according to the Mortgage Bankers Association
by Matt Carter Nov 9
Mortgage giants Fannie and Freddie battened down the hatches in Q3
Fannie and Freddie remain profitable but are setting aside pots of money to cover future losses in the event that falling home prices drive up defaults
by Matt Carter Nov 8