News
Here’s What Experts Say Could Happen to Mortgage Rates After the July Fed Meeting
US Housing Market May See a ‘Massive’ Bubble Burst: Real Estate Analyst
Some US States With the Lowest Income Found To Have the Highest Homeownership Rates: Report
EDITOR'S PICKS
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Gov. Gavin Newsom Expedites Temporary Housing For Residents In Areas Struck By LA Wildfires
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Pasadena Native Lost Her House To LA Wildfires One Day After Paying Off Her Mortgage: 'It's Gone'
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How The Mircale Malibu Mansion And Pacific Palisades Home Survived The Devastating LA Fires
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What Happens To Your Mortgage And Property Tax When You Lose Your Home In A Natural Disaster?
Landlords of office spaces could see revenue losses of between $8 billion and $10 billion. Nearly a quarter of all office spaces in the United States are likely to be vacant by 2026 as more companies adopt a remote working model. 
These 15 US Housing Markets May See Home Price Corrections: Report
The firm analyzed data from 1,000 housing markets in the U.S., identifying areas where there is more supply and less demand. 
US Home Prices Hits New Record as Housing Affordability Worsens
The median home sale price in the country in June was nearly 5% higher than the figures recorded in the same month last year. 
US Minimum Wage Workers Must Work More Than 20 Years To Afford a Median-Priced Home: Report
The study calculated the number of years using an assumption that an individual would save 10% of their income. 
Here’s How a Fed Interest Rate Cut Will Affect Mortgages: Experts
The Fed could cut its benchmark rate this year if inflation drops to a target of 2%. The Federal Reserve could cut interest rates once this year, which could impact mortgage rates and make homes more affordable to hopeful buyers. 
Homes Are Now Only Affordable in 20% of All Large Counties in the US: Analysis
The analysis defines counties as affordable when homeowners spend less than 28% of their wages on housing costs. 
Diddy Lists LA Mansion for $70 Million Months After Homeland Security Raid
The home was ransacked by federal agents in March as part of a sex trafficking investigation. Disgraced American rapper Sean "Diddy" Combs has put up his Los Angeles mansion for sale months after it was raided by federal agents. 
15 US States Where Home Prices Grew the Most in the First Quarter of 2024: Report
Nationally, home prices rose by 6.6% year over year as of the first quarter of 2024. Home prices in the United States have been steadily increasing, with the median sale price now 4. 
State Farm Planning To Raise Home Insurance Rates in California by Over 50%: Report
The recent filings come after the firm raised homeowners' and condo owners' policies in December 2023. 
Average Mortgage Rate for 30-Year Loans Climbs to Just Under 7%, the First Increase Since May
The average contract rate on a 15-year mortgage also rose this week by 0.09%. The average contract rate for a 30-year mortgage climbed to just under 7% this week, the first time it increased since late May.
