Study shows how many hours you need to work to afford rent in Georgia
It can cost a lot to be able to afford a one or two-bedroom apartment in a Peach State. A new report reveals just how many hours you need to work at minimum wage to be able to afford rent and utilities.
FTC says Opendoor must pay $62 million after cheating home sellers
The Federal Trade Commission says online homebuyer Opendoor must pay $62 million to settle charges that it cheated homesellers out of thousands of dollars.
Certain California, Florida, Arizona housing markets most susceptible to downturn in a recession
Places where people have high debt compared to income and home equity are vulnerable.
Mortgage company owned by Warren Buffet discriminated against Black homebuyers, DOJ says
The Justice Department alleges that employees of the company made racist comments about making loans to Black homebuyers, calling some neighborhoods “ghettos.”
US new home sales drop to lowest level in 2 years
New single-family home purchases tumbled 8.1% to a seasonally adjusted annual rate of 590,000 units, the lowest level since April 2020.
Home buyers backing out of contracts as rates rise
Gone are the early-pandemic days when putting up a for sale sign would mean 10 offers right away. Now home sales are getting cancelled at record numbers.
Colorado, Utah, Idaho metros had biggest share of sellers dropping home prices in June
Boise had the most sellers drop their asking prices. Denver and Salt Lake City were next as fears of inflation and recession rise.
Despite high rent, it’s still cheaper than buying a home – except in these cities
Rents are up 14.1% over the same time last year — they’ve hit record levels every month for the past 16 months.
Confidence of US home builders plunges in July as rising costs slow sales
U.S. homebuilder confidence for single-family homes posted its seventh straight monthly decline in July, another sign of a weakening housing market.
City of Atlanta issues crackdown warning for short-term rental owners
Out of the 7,000 short-term rentals owners in the Atlanta, the city has only approved 10% of the owners for permits. Now officials are warning they're going to begin cracking down on who can rent out their home.
Renters find bidding wars in crowded housing market
The home buying market is starting to slightly cool, and now renters are beginning the feel the pain.
Riskier adjustable rate mortgages back in fashion as interest rates rise
As interest rates and housing prices rise, so does the interest in adjustable rate mortgages. Remember those? Well, ARMs are back.
Millions more available for rental assistance in Atlanta
The city of Atlanta is trying to give away millions of public dollars to help families stave off potential evictions.
Woman offers some compassion after finding stranger sleeping in her car in San Francisco
A woman visiting San Francisco says she was shocked when she woke up to find a stranger sleeping in her parked car.
Disabled vet among homeowners frustrated by ongoing flooding issues in Atlanta neighborhood
One resident told FOX 5 he was aware his home was in a flood zone when he purchased it in March 2020, but didn’t think it could get as bad as it has in the past or most recently when storms hit on Monday.
DeKalb County neighborhood residents frustrated over rental home
Residents of the DeKalb County neighborhood say they've seen fights, screaming, and people running up and down the street ever since it was put on a room rental website.
Atlanta City Council wants to crack down on negligent landlords
New legislation from the Atlanta City Council would look into criminally charging landlords who leave their tenants around the city living in "deplorable conditions."
Mom of five says apartment has forced family to endure scorching temps without AC
Myesha Mason told FOX 5 she and her five kids have been relying on fans to keep cool inside her home at Eagles Run apartment complex.
Nuisance properties torn down in South Fulton
Residents woke up Friday morning to find a demolition crew hard at work on Buckhurst Drive, tearing down a dilapidated house.
Bob Saget’s LA home lists for nearly $8 million
Saget resided in the Los Angeles home for nearly 20 years.