Friday, 03 May 2024

News

Chicago Economy Still Recovering From Pandemic Slowdown And Wave Of Crime, Hopes DNC Selection Will Spur Economic Activity

'Office Vacancies in the US Could ‘Peak Above 20%’ and Remain There: Expert

Office vacancy across the U.S. is currently at 19.8%, the highest recorded in history. The previous record was 19.6%, which was reported in the prior quarter.

San Jose Is Wealthiest City In Nation

'10 Worst States To Live in for Mental Health: Analysis

The study evaluated various factors, including the prevalence of mental health issues, the number of psychologists per 100,000 people, and the number of beds available at mental health facilities.

The Rights Your Mortgage Lender Has in a Fire Insurance Claim

'State Farm To Drop Policy Holders in These California Zip Codes

State Farm is dropping 72,000 insurance policies in California, including 30,000 property insurance and 42,000 apartment policies.

EDITOR'S PICKS

'Hawaii Moves to Ban Short-Term Vacation Rentals Amid Homelessness Crisis

The possible ban on short-term rentals came after a wildfire in August 2023 razed through the town of Lahaina, destroying 4,000 housing units.

By D. Ong
'Home Prices in the US Could Jump Another 5% This Year: Report

The median price of homes in the US is currently at $412,095. A 5% jump could increase it to $432,699.

By D. Ong
'5 Best and Most Affordable Cities for First-Time Homebuyers: Zillow

Zillow defines a home as comfortably affordable when households spend less than 30% of their income on monthly mortgage or rental payments.

By D. Ong
'More Americans Are Skipping Meals and Medical Treatments To Afford Housing Payments: Report

A striking share of homeowners and renters are skipping essentials as housing increasingly becomes financially burdensome.

By D. Ong
'San Francisco Housing Nonprofit Misused Taxpayer Funds, Gave Bonuses to Staff - Report

A nonprofit in San Francisco allegedly paid out $200,000 in bonuses despite insufficient cash flow.

By D. Ong
'8 New Home Property Insurers To Enter Florida Market

The move is part of Florida's attempt to stabilize its home insurance market, which has seen rates soaring to nearly five times bigger than the national average.

By D. Ong
'What To Know About Squatting and What You Can Do To Keep Your Home Safe

The recent string of squatting incidents has spurred legislative actions in at least four states.

By D. Ong
'Amazon’s Jeff Bezos Acquires Third Mansion in Miami for $90 Million

Jeff Bezos's third mansion is located on Indian Creek Island where he already owns two other mansions worth $147 million combined.

By D. Ong
'Biden Administration to Cap Rent Hikes for Some Affordable Housing Units

The cap will limit the amount property owners can raise rents at 10%.

By D. Ong
'Economist Says Housing Affordability in the US Has ‘Collapsed'

Would-be homebuyers now need an annual income of $113,520 to afford a typical home in the U.S.

By D. Ong
'More Than 500 US Cities Now Have Average Home Prices Above $1 Million: Report

The median home prices in million-dollar cities have increased 4.6% year-over-year.

By D. Ong
'White House Call on Local Governments To Address Squatting Following Recent String of Incidents

A recent string of squatting incidents included squatters suing the rightful owners of a home they took over after they were removed from the property.

By D. Ong