News

Index Of Pending Sales For U.S. Homes Falls Almost 2 Percent

US Home Sales Fell To Lowest Level Ever Recorded Despite Declining Mortgage Rates

Pending home sales in the US dropped by 5.5% in July even as mortgage rates declined from the 8% peak in October 2023.
Elon Musk

Elon Musk Moves to Foreclose on $13 Million 'Willy Wonka' Home After Loaning Owners $6.7 Million

Musk sold the 2,750-square-foot home to Jordan Walker-Pearlman, nephew of late Hollywood royalty Gene Wilder, in 2020 for $7 million.
Realtor with money and wooden house

US Buyers Must Earn $80,000 To Afford a Typical Starter Home; Median Earners Priced Out of 25 Housing Markets

Median workers in the United States earn $59,436 yearly, about $20,000 less than needed to afford a typical starter home.