News

Rental Fraud Soared During COVID-19 Pandemic: Report

First-Time Buyers Must Now Earn $120,000 to Comfortably Afford a Home in the US

Zillow Launches Non-Exclusive, Short-Term Home Touring Agreement for Buyers
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?

Many top tech workers are now moving out of tech hubs like Boston and San Francisco partially due to higher costs of living, an analysis found. 
NYC Rent Board Backs Plan for Increases for Rent-Stabilized Apartments
The planned hikes would increase rent between 2% and 6.5% for rent-stabilized apartments depending on the lease. 
Homes Are Now Affordable in Only These 6 Major Cities in the US: Report
Homeownership is now unreachable for buyers earning local median income in 44 of 50 major cities in the United States. 
NAR Updates Its Agent Commission Settlement FAQ, Clarifies Details on Buyer Broker Agreements
Written agreements between the broker and the buyer would not be required if the agent is only working as an agent or subagent of the home seller, among other circumstances. 
Glossier Founder Emily Weiss Bought Two Multimillion-Dollar Townhouses in 5 Months
The Glossier founder is expected to spend nearly $40 million buying the two townhouses. Emily Weiss, the founder of cosmetics company Glossier, reportedly bought a second multimillion-dollar home just five months after purchasing another. 
Home Prices Soared to Record High in February
The prices of homes in the U.S. jumped more than 6% year-over-year in February. Home prices in the United States soared to a record high again in February despite mortgage rates remaining elevated, according to a report. 
It Is Now Better to Rent Than Buy a Home in Big Cities: Analysis
The monthly cost of rent is now 37% cheaper than the typical monthly mortgage payment. Renting a home is now cheaper than buying one in all big cities in the United States, according to a new analysis. 
US Lawmakers Mull Banning Wall Street From Buying up Single-Family Homes Amid Housing Crisis
A bill sponsored by Democrats in the House and Senate would require Wall Street hedge funds to sell all single-family homes they own over a 10-year period. 
10 States Where Home Insurance Rates Increased the Most: Report
The cost of homeowners insurance rose by 33.8% nationwide from 2018 through 2023. Home insurance costs have risen steadily across the country, but in some states, insurance rates surged by over 50% over the past few years, according to a report. 
28 Cities Where Rent Prices for One-Bedroom Apartments Are Falling This Spring
The going monthly rate for a one-bedroom apartment in the United States fell to $1,486 in April. Rental prices are falling in 20 cities in the United States as the spring moving season ramps up, according to a report.