Browsing: housing costs
Investors are scooping up roughly 1 in 5 homes sold in the housing market and making more money than before
At the start of last year, investors pulled back; their home purchases plummeted almost 50%, according to Redfin, not too…
‘Housing has hit rock bottom’: Top real estate CEO says high home prices are shutting people out of the market
Housing is complicated, but one thing is clear: It’s hard to buy a home right now. Let me paint a…
Venice begins charging day-trippers $5 for entry—but angry locals have accused officials of turning the floating city into a ‘theme park’
For years, tourists have served as both the lifeblood and the thorn in the side of the Italian hotspot of…
Nearly half of all baby boomers couldn’t afford their current homes if they were to buy them today, survey finds
Home prices have doubled over the past decade, rising almost 50% in the last five years alone. And the cost…
Chris Pratt’s decision to demo a historic home he bought for $12.5 million last year has ignited public outrage: He has ‘more money than taste’
Hollywood actor Chris Pratt, best known for his roles in the sitcom Parks and Recreation and Marvel’s Guardians of the…
Mortgage rates are on the up and up. The 30-year fixed-rate mortgage surged past 7% for the first time this…
The cost of owning a home is officially the highest on record, Redfin says. Here’s how bad it is out there
The average 30-year fixed mortgage rate reached 7.50% this week, the highest all year. It’s because of a “hotter-than-expected inflation…
The economy might be booming, but housing is in a recession: Top real estate CEO says he’s never seen anything like it in 20 years
Glenn Kelman is the chief executive of Redfin, a self-described technology-powered real estate company, a modern way to buy and…
Home prices skyrocketed 40% during the pandemic—but Zillow sees them rising less than 2% this year
In roughly two years during the pandemic housing boom, home prices rose more than 40%. Since then, home prices continued…
Housing is unaffordable for too many Americans, and stricter regulations mean higher costs, Atlanta Fed president says
The housing affordability crisis has no easy solutions, but research has shown a tight correlation between tougher land-use regulations and…