Someone applying for a typical Manhattan apartment would need to make a salary of $157,000 per year in order to afford the rent
It’s getting hairy out there for homebuilders as construction leaders report that buyers are losing interest in pricy new properties now that mortgage rates have climbed, according to a new survey
A report found overall residential lending to be down 32% between the 1st quarters of 2021 and 2022, with refinancing lending dropping 22% and mortgages dipping 18%
As Fed embarks on 'quantitative tightening' to trim $9 trillion balance sheet, interest rates could come under renewed pressure
Only 17% of Americans surveyed in May said it was a good time to buy a home, breaking previous record lows of 19% seen in April and 24% in March
Opinion
The market is softening and it's reflected in quarterly declines. Fewer transactions mean less brokerage revenue
More than 100 housing experts surveyed by Zillow generally agreed that housing prices won't face a big downturn. But a mild recession may be in play later this year or in 2023, they believe
The market is reaching a turning point in which price reductions are more common. But that doesn't mean homes can't still appreciate in value
More than $3.9B in pandemic-relief loans went to single-employee real estate entities, according to a new report. Nearly 80% of that amount was forgiven
50% of people who bought a home over the past 2 years say the process brought them to tears, according to a new survey conducted by Zillow
The latest jobless numbers show US unemployment is holding steady at a very low 3.6%. In real estate, this situation may offer a slight counter trend to rising rates and inflation
Investors warned of 'break even' second quarter as rising mortgage rates put a bigger-than-expected dent in loan originations
The report, released Thursday, found more than one in five sellers dropped their asking price during May 2022, the highest rate since October 2019, as mortgage rates sit at over 5%
Employers added 16,700 residential construction jobs in May on a seasonally adjusted basis, nearly doubling the national rate of job growth, according to new Department of Labor figures
While real estate industry layoffs largely began with companies that provide mortgages and mortgage-related services, everyone from Adwerx to Zumper has been impacted by the downturn
Opinion
As home prices have risen, driven by supply shortages and increased demand, many real estate industry experts have started considering whether the existing commission compensation model is still working